Search Results for: European Banks
Austria’s finance watchdog orders 12 banks to raise capital buffer
December 22nd, 2015
Austria’s finance watchdog FMA on Tuesday said it ordered 12 Austrian banks to gradually raise their capital buffer by up to 2 percent of risk-weighted assets until the beginning of 2019 to cover systemic risks. Erste Group Bank (ERST.VI), ...
Asian banks seen taking pole position in post-sanctions Iran
December 21st, 2015
Asian banks are expected to be among the first institutions to venture into Iran once sanctions are removed, with Western financial players remaining cautious for some time to come, banking officials said on Thursday. Iran and world powers reached ...
ECB: Greek banks won’t need even more recapitalisation
December 1st, 2015
Greek banks will not need any further recapitalisation after the latest round, in which the European Central Bank put their additional capital needs at 14.4 billion euros, the ECB’s Monetary Policy Strategy division head Rasmus Rueffer said. The recapitalisation ...
Big banks accused of interest rate-swap fixing in U.S. class action suit
November 26th, 2015
A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court ...
ECB Says Leverage Ratio Makes Banks More Stable
November 24th, 2015
Lenders have raised concerns new standard could prompt them to take more risk, offsetting benefits The European Central Bank said Monday that a leverage ratio requirement may tempt some banks to take more risk, but will still make them ...
Banks May Get Extra Time to Soften Up EU Financial-Market Rules
November 11th, 2015
European Commission considers postponing MiFID II start date Delay isn’t set in stone, European Parliament’s Ferber says Financial companies pushing back against Europe’s post-crisis market rule book for the past five years may get more time to chip away ...
European stocks end lower as M&A hopes fade
November 10th, 2015
UniCredit may cut thousands of jobs; VW hit by downgrade European stocks finished lower Monday, hurt in part by disappointment over potential merger developments for InterContinental Hotels Group PLC and auto maker Renault SA. The Stoxx Europe 600 SXXP, -1.07% finished down ...
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
Big Banks, Serious Trouble
October 12th, 2015
It turns out that the world of ZIRP/NIRP isn’t the banking paradise that some thought it would be. See Why The Big Banks Want Higher Interest Rates. Whether the problem is with low interest rates themselves or the fact ...
Wake Up to U.K. Exit Risks, Banks Tell Investors as Polls Shift
October 6th, 2015
Societe Generale sees risk of U.K. leaving EU as high as 45% Europe threatens to overshadow Conservative Party conference Investors are being urged to tune into the looming political battle over the U.K.’s membership of the European Union amid signs ...
