Search Results for: European Banks
Greek Signals of Compromise Send Markets Soaring
February 4th, 2015
Greece’s new leaders, on a hopscotch tour of European capitals, convinced markets on Tuesday they are eager for a deal with creditors, but their still fuzzy proposals await a harder hearing from Athens’s toughest lender: the German government. Investors ...
ICAP to face EU fine over yen cartels
February 3rd, 2015
ICAP faces an EU fine this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, as Brussels tackles the holdouts in rate-rigging probes that have already resulted in about €1.7bn in penalties. The world’s largest interdealer broker has strongly ...
Asia sags on growth worries, Aussie slides as RBA eases
February 3rd, 2015
Asian stocks sagged on Tuesday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent after the latest batch ...
Potential For Deflation Is Becoming A Big Threat For 2015
February 2nd, 2015
The fears after 2001 were that the Fed’s easy money policies to pull the economy out of the 2001 recession, followed by even more easing, including the near-zero Fed Funds rate instituted after the 2008 financial meltdown, would result ...
Germany Stands To Be Big Winner of Much-Opposed ECB Stimulus
February 2nd, 2015
Germany, the biggest opponent of the European Central Bank’s new stimulus program, is poised to reap immediate benefits from the effort—an irony that underscores the complexities of designing one monetary policy for the 19-member currency area. The ECB’s program, ...
Europe’s loan portfolio market to top €100bn in 2015
January 30th, 2015
European loan portfolios with a face value of €91bn were sold in 2014, up from €64bn the previous year, says PwC in a Q4 update from its Portfolio Advisory Group. PwC say the European secondary market for loan portfolios ...
Greek finance minister Yanis Varoufakis to visit London
January 30th, 2015
Yanis Varoufakis to meet George Osborne and City bankers on whistlestop tour of Europe to drum up support for Athens’ Syriza government The new Greek finance minister is to call on George Osborne and City bankers next week as part of ...
What Would Exclusion From Payment System SWIFT Mean For Russia?
January 29th, 2015
Discussions among European leaders about new sanctions on Moscow have again raised fears that the SWIFT international payments system might be cut off, a move that experts warn would wreak financial havoc on Russia. The Society for Worldwide Interbank ...
Global shares resilient as investors pin hopes on Fed; Apple outperforms
January 28th, 2015
Asian stocks showed some resilience on Wednesday as investors speculated whether the Federal Reserve could take a dovish turn in its post-meeting statement later in the session, amid signs a stronger dollar was hurting U.S. corporate profits. Apple Inc (AAPL.O) also ...
Swiss central bank ready to intervene: official
January 27th, 2015
The Swiss franc fell on Tuesday after a senior official at the Swiss National Bank was quoted as saying the central bank was still prepared to intervene to keep the currency relatively weak. The euro jumped to over 1.03 ...
