Europe’s banks post record profits – Economy

There hasn’t been such good news for the shareholders of European banks for a long time: suddenly many financial institutions are posting record profits again – or at least the highest profits for more than ten years. Concerns that war, inflation and the energy crisis could even trigger a new financial crisis seem almost forgotten: on Tuesday reported the major French bank BNP Paribas a record profit of 10.2 billion euros. The Swiss UBS (7.6 billion euros) and the Italian Unicredit (5.4 billion) had previously presented good figures.