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2026-05-11All stories Headlines Search Latest

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2026-05-11

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Loose coins and cash arranged on a wooden surface — illustrative imagery for Newsorga's coverage of BlackRock head of international Rachel Lord's May 9, 2026 Financial Times warning that roughly €14 trillion of European household savings sitting in cash bank deposits is generating net-interest-margin gains for European lenders rather than long-term wealth for retail savers, and of the EU Saving and Investment Union and UK ISA reforms intended to address the gap.

Business

BlackRock warns Europe's €14tn cash pile is a windfall for banks, not retail savers

2026-05-1111 min read