Europe's Watchdogs Scrutinize Bank Liquidity Amid Tariff Turmoil
By , Philip Aldrick, and Jorge Zuloaga
Save
European regulators are scrutinizing the liquidity of banks after the prospect of steep US trade tariffs roiled markets around the world.
Authorities in the UK and in the euro area said they're monitoring the situation, highlighting they haven't yet seen any problems. The move is a standard approach for watchdogs in times of stress and liquidity has been a key area of focus in recent years.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
AtkinsRéalis names Louis G. Véronneau as new COO
AtkinsRéalis Group, an engineering services and nuclear company, has appointed Louis G. Véronneau as its new chief operating officer (COO), effective 23 August 2025. Véronneau, who is rejoining the company, will operate out of Montréal. He is set to head the company's global operations, encompassing areas such as transformation, strategy, technology, mergers and acquisitions (M&A), deliver work, and global communications. The COO role is pivotal in driving operational excellence within AtkinsRéalis, ensuring that all enterprise-wide initiatives are in line with the company's financial and strategic objectives. The company stated that the M&A team will report to Véronneau to align strategy, acquisitions and transformation. Véronneau, with more than three decades of leadership experience in various sectors, including investment management and infrastructure, is expected to be instrumental in advancing the company's margin improvement agenda. His expertise in execution, accelerating transformation, and optimising delivery models is anticipated to support the business. He rejoins AtkinsRéalis after his recent tenure as senior managing director and global head of Real Estate Investments at PSP Investments, where he managed a global portfolio worth around $38bn. In addition, Kate Kenny will assume the role of chief growth officer, based in London, starting 1 September 2025. Kenny will be tasked with leading the company's global growth strategy, which includes managing the Global Technology Centre, Win Work, marketing, government relations, and global capabilities. Her role is stated to be crucial for driving 'sustainable, profitable growth' and enhancing client engagement and market presence. Kenny's background in infrastructure, consulting, and urban development, including her most recent position as executive vice president and general manager for Jacobs' European business, is said to position her as a key player in AtkinsRéalis' growth and innovation efforts. AtkinsRéalis president and CEO Ian L. Edwards said: "Louis will build on the strong foundation of our transformation journey to drive the next phase of operational excellence and margin improvement. Kate will lead our global growth agenda, strengthening client engagement and expanding our market presence. Together with our broader leadership team, they will help accelerate our strategy and deliver long-term value for our clients and shareholders." These executive changes follow the planned departure of Philip Hoare, the current COO, who will step down in the summer of 2025 to explore new professional opportunities. Ian L. Edwards said: "I want to thank Philip for his outstanding contributions to AtkinsRéalis and for laying the foundation for a strong and structured COO office. His leadership has been instrumental in driving growth and performance across the organisation." "AtkinsRéalis names Louis G. Véronneau as new COO" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Puffco Unveils Peak Pro Daybreak Limited Edition at Mary Jane Berlin 2025 as Global Expansion Kicks into High-Gear
FOLLOWED BY THE FULL-SCALE WORLDWIDE RELEASE DROPPING JUNE 24TH BERLIN, June 18, 2025 /PRNewswire/ -- Puffco, the leading innovator in cannabis technology, proudly introduces its latest release, the Peak Pro Daybreak Limited Edition at MJ Berlin, Europe's premier cannabis event, prior to its global release on June 24th. Designed for those who see consumption as a ritual, this new device merges artistry, innovation, and intention into one radiant expression. Golden hour, on demand. The Peak Pro Daybreak is a visual and functional elevation of the Peak Pro experience — featuring a limited-edition gradient colorway, a gold 3DXL chamber, and hand-blown, fluted glass with crushed opals that glows like a sunrise in your palm. It's not just a statement piece — it's a new standard. "Daybreak is a celebration of where we've been and where we're going," said Roger Volodarsky, Founder & CEO of Puffco. "It nods to one of our most beloved OG Peak drops—Sunset—but reimagined with the full force of our latest tech. From top to bottom, this is the best Peak Pro experience we've ever released, crowned with a Gold 3DXL. With Daybreak, we're not only pushing innovation forward—we're honoring the community that's helped shape Puffco into what it is today." Product Highlights: Limited Edition gradient sunburst color Gold 3DXL Chamber for advanced performance Gold-accented Peak Pro base Custom fluted glass design with crushed opal Exclusive Connect App skin for seamless customization Crafted for collectors and connoisseurs alike, the Daybreak is a true level-up for any cannabis enthusiast looking to elevate their concentrate experience, with this beautiful piece of art that fits right in your hand. MSRP: $450 Available: Limited quantities online and at select global retail partners. With an early exclusive limited release at MJ Berlin, attendees in Germany will be first to experience Daybreak in person, followed by a full-scale global release in all stores and on this coming June 24th. Puffco will have limited units for sale onsite but with continued investment in EU expansion and our European capabilities in general — like our new warehouse in Amsterdam, we can ship to over 30 European countries seamlessly as the continent opens up further. For more information on Puffco, please visit About Puffco Puffco has distinguished itself as the leading maker of innovative, consumption devices for cannabis concentrates. Founded in 2013, the award-winning company has grown its team to more than 130 people with an emphasis on industry-leading non-traditional approaches to product development. Today, Puffco boasts an attractive, intuitive and sophisticated line of products, ranging from the iconic Puffco Peak to the Proxy modular vaporizer pipe, to the iconic Pivot and the discreet Cupsy bubbler. Praised for its ever-evolving selection of collectible and functional accessories, Puffco blends form and functionality to provide an unparalleled, seamless cannabis experience. Puffco's mission is to make the magic of concentrates more accessible and less stigmatized while celebrating all the nuances of the cannabis plant. Learn more at Media Contact:Nicholas Weatherhead9174469917396868@ View original content to download multimedia: SOURCE Puffco Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Exclusive-Mars' $36 billion Kellanova deal faces EU antitrust investigation, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Mars' $36 billion bid for Pringles maker Kellanova is set to face a full-scale EU antitrust investigation, people close to the matter said on Wednesday, a move that could require the candy giant to divest assets to address competition concerns. The European Commission, which acts as the antitrust watchdog in the 27-country bloc, is concerned about Mars' high market share in some products in some European Union countries, the sources said. Family-owned Mars is unlikely to offer remedies to assuage such concerns during the EU competition enforcer's preliminary review of the deal, which ends on June 25, the sources said. The Commission declined to comment. Mars and Kellanova did not respond to repeated emails for comment. Mars announced the deal in August last year that will bring together brands from M&M's and Snickers to Pringles and Pop-Tarts under one roof. There has been a wave of consolidation in the U.S. packaged food sector as companies seek scale to weather the impact of inflation-weary consumers cutting back on spending and shifting to private label brands. European retailers have voiced concerns about the deal, citing the power of large international suppliers of branded packaged goods and the high concentration levels in products such as breakfast cereals, carbonated drinks, confectionery and frozen desserts. They say such high market shares give large suppliers the power to impose restrictions and practices to retailers' detriment.
