Search Results for: European Banks
Tsipras sees talks in final stretch; Banks index sheds 63.8 pct in three days
August 6th, 2015
Greek stocks continued to slide for a third session in a row on Wednesday, with banks suffering another dramatic day with losses of 27 percent for their sectoral index. Banks’ cumulative losses since the reopening of the local bourse ...
ECB Raises Emergency Lending to Greek Banks by $984 Million
July 23rd, 2015
Decision comes two days after a Greek bond redemption averted a default The European Central Bank on Wednesday raised the ceiling on emergency lending to Greek banks by €900 million ($980 million), a person familiar with the matter said, ...
The Euro is Destroying the European Movement
July 23rd, 2015
“Terrorists”, “blackmail”, “lack of trust” are just some of the terms voiced during the recent negotiations between Greece and its Eurogroup partners during the recent Greek negotiations. There were even suggestions that Greece should leave the common currency altogether. ...
Greece update: Banks to reopen on Monday, after sudden ECB cash boost
July 17th, 2015
The 900-million-euro increase in the cash available to the Greek credit system and the lifting of the uncertainty with the passage through Parliament of the prior actions required for the third bailout loan pave the way for banks to ...
Banks face new legal action over forex manipulation
July 15th, 2015
After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market. US lawyers are preparing multi-million-pound legal action – to ...
European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?
July 8th, 2015
A global stock market crash has begun. European stocks are crashing, Chinese stocks are crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too. In so many ways, it seems like we ...
Greece debt crisis: Tsipras appeals for European unity
July 8th, 2015
Greek Prime Minister Alexis Tsipras has called for the European Union to avoid division, as indebted Greece struggles to stay in the euro. In a sometimes stormy debate in the European Parliament, he said: “Let’s not let Europe be ...
Leading Global Banks, Service Providers and Market Infrastructures Create New Hub for End-to-End Margin Processing
July 8th, 2015
Goal is to facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016 Thirteen major global banks, ICAP plc and market infrastructures The Depository Trust & Clearing Corporation (DTCC) and Euroclear have joined forces with AcadiaSoft, Inc. ...
Greek banks could run out of cash in next two days
July 8th, 2015
Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country’s financial system said on Tuesday. With withdrawals from cash ...
European Central Bank Press Release on Greek ELA
July 7th, 2015
European Central Bank Press Release : 6 July 2015 – ELA to Greek banks maintained Emergency liquidity assistance maintained at 26 June 2015 level Haircuts on collateral for ELA adjusted Governing Council closely monitoring situation in financial markets The ...
