European Banks May Become More Vulnerable, Reliant On Taxpayer Money
* New regulation may repel staple investors * Bond buyers say rules will push up debt costs for banks By Sinead Cruise ...
* New regulation may repel staple investors * Bond buyers say rules will push up debt costs for banks By Sinead Cruise ...
Reuters | Posted 05.29.2012
By Chris Vellacott and George Georgiopoulos LONDON/ATHENS, May 28 (Reuters) - After Greece's inconclusive elections on May 6 led to po...
Georges Ugeux | Posted 05.09.2012
Do Greek authorities understand that, unless they play by the rules and restore their fiscal discipline, there will soon be another default... and no bailout? Nothing is less sure. This is not a few bad years; it is a different way to manage a country.
Reuters | Posted 04.24.2012
* Credit Agricole makes record quarterly loss of 3.07 bln euros * RBS makes Q4 loss of nearly 2 bln pounds * Dexia says...
Georges Ugeux | Posted 04.13.2012
Never in the history has so much money been poured in the direction of banks, most of which don't need it. It is becoming clear that European banks will use it, not to boost the economy, but to manage their balance sheet.
Reuters | Posted 03.10.2012
By Douwe Miedema LONDON, Jan 9 (Reuters) - Blue-chip names like Johnson & Johnson, Pfizer and Peugeot are among firms bailing out...
The Huffington Post | Bonnie Kavoussi | Posted 12.30.2011
Despite their job description, European banks are shying away from lending, and it may be hurting the European economy. European banks parked a nea...
HuffingtonPost.com | Marcus Baram | Posted 12.22.2011
The swift implosion of MF Global highlights a common practice used by aggressive speculators, one that experts say makes the broader financial system ...
HuffingtonPost.com | Catherine New | Posted 12.15.2011
The crisis in Europe showed no sign of letting up on Wednesday, and analysts and observers warned of the potential for a sharp financial downturn over...
Posted 12.05.2011
Crisis-hit Franco-Belgian bank Dexia (DEXI.BR) has secured temporary financing guarantees from Belgium, France and Luxembourg to keep it running w...
Michael Farr | Posted 02.01.2012
We expect a muddle-through economy for a few years in the US as the consumer and governments deleverage. As world events evolve, it is important not to become overly ebullient or fearful.
Eric Margolis | Posted 01.08.2012
Why should 330 million Europeans face a financial and likely political meltdown for the sake of 11 million profligate Greeks? They should not.
Posted 01.07.2012
WASHINGTON (Reuters) - Around half of top U.S. banks surveyed by the Federal Reserve reported making loans or extending credit to European banks, ...
Posted 01.03.2012
Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the ...
Posted 12.24.2011
Former Federal Reserve Chairman Paul Volcker is advocating for regulatory control over the money-market mutual fund industry and believes the gove...
Posted 12.08.2011
DUBLIN (Carmel Crimmins and Lorraine Turner) - There is general agreement that European banks will need fresh capital well in excess of 100 billio...
The New York Times | Posted 11.07.2011
Remember the collapse of Lehman Brothers? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is t...
Gemma Godfrey | Posted 10.14.2011
Over the last few days we have seen a tremendous amount of volatility in the markets, epitomizing the lack of clarity with which many investors have struggled.
AP | Posted 10.10.2011
FRANKFURT, Germany -- The European Central Bank has carried through on its promise to loan unlimited cash to steady a banking system still shaken up b...
Posted 10.01.2011
LONDON (Steve Slater and Sudip Kar-Gupta) - HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's b...
AP | By GABRIELE STEINHAUSER | Posted 09.19.2011
BRUSSELS -- The European Union proposed new, tougher rules for banks that will force them to raise some euro460 billion ($650 billion) in capital by 2...
Posted 09.15.2011
(Reuters) - Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki ...
Posted 09.14.2011
LONDON (Steve Slater and Huw Jones) - A health check of European banks is expected to show that as many as 15 lenders need more capital to withsta...
Posted 09.07.2011
BRUSSELS (John O'Donnell) - European countries will support banks that fail stress tests if those lenders cannot raise capital from investors with...
Posted 08.28.2011
FRANKFURT/BRUSSELS (Marc Jones and John O'Donnell) - Up to one in six European banks is set to fail an EU-wide financial health check, according t...
Reuters | Posted 05.29.2012