Frankfurt headquartered Deutsche Bank posted pre-tax profit in the fourth quarter of 2014. According to the German global banking and financial services company, it made profit of 253 million euros. Drop in litigation costs and increase in trading revenues are supposed to be reasons behind the surprise pre-tax profit.

Citizens Financial Group has collected $3 billion in its initial public offering. The US subsidiary of Royal Bank of Scotland Group Plc priced the shares below the marketed range. It was said in a statement yesterday that RBS sold 140 million shares for $21.50 apiece after putting up the offer for $23 to $25 each.

Austrian lender Volksbanken has announced that there are chances that it might take the help of bonds issued by the regional savings banks in order to cover the capital gap that can emerge in 2014.

Hypo Alpe Adria, nationalized lender, is stuck in financial crisis. It has been said that by the time November ends, Hypo will not be having minimum capital requirements in state funds.

This situation has been adding pressure on Austria's two political parties to agree for forming a coalition. The Social Democrats (SPO) and People's Party (OVP) are trying to come up with a new government.

The International Monetary Fund (IMF) has said that Austrian banks are very vulnerable in the Eastern Europe countries; hence reforms on work incentives along with the reforms on pensions and subsidies are needed.

It has been recently revealed that the net profits at the Bank of Austria from the UniCredit area have fallen by 12%. The reason for the same has been said to be the jump in the loan write-downs as the profound lender from Eastern and central Europe reveal that the boom times are gone.

It has been said by President Richard Fisher of Federal Reserve Bank of Dallas that the central bank was at the verge of slowing bond buying. Suspecting that the U. S. monetary stimulus measures would rationalize, the stock-index futures of Europe have shown a little change.

In a Monday statement, Amazon revealed that it has received the approval of The Netherlands banking regulator - De Nederlandsche Bank (DNB) - for use of Amazon Web Services (AWS) by the financial organizations in the country. The AWS approval was discreetly issued by DNB on July 11.