Search Results for: European Banks
EU leans on big banks to finance bailout fund
October 22nd, 2014
France’s banks will foot the biggest bill for Europe’s banking union, paying up to €2bn more than Germany’s lenders towards a new €55bn bank rescue fund, according to a Brussels proposal. The European Commission on Tuesday unveiled its plans ...
IPO banks seek measure of success
October 14th, 2014
What is the best way to judge the success of an initial public offering? Investors in Rocket Internet probably have a view. They were left counting their paper losses earlier this month, after shares in the German technology company ...
U.S. Said to Ready Charges Against Banks in Forex Rigging
October 8th, 2014
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe. While federal prosecutors have ...
Banks pull out of dozens of benchmarks after rate-rigging scandals
October 2nd, 2014
Some of the world’s largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals. Deutsche Bank, Citigroup, JPMorgan and UBS, among others, ...
European Bank Assets Recover in First Half
September 12th, 2014
Europe’s big banks returned to growth mode in the first half of this year, expanding their books by 530 million euros ($685 million), in a sign they are starting to get back on their feet after the financial crisis. ...
Promise From European Central Bank Is Also a Gamble
September 5th, 2014
By promising to rev up the printing presses, the European Central Bank has created hope in the markets that Europe may finally start to overcome its economic challenges. Yet the central bank is taking a big gamble in directing ...
Abenomics, European Style
September 1st, 2014
Two years ago, Shinzo Abe’s election as Japan’s prime minister led to the advent of “Abenomics,” a three-part plan to rescue the economy from a treadmill of stagnation and deflation. Abenomics’ three components – or “arrows” – comprise massive ...
Europe Fears Banks Lack Cash Cushion to Cover Bad Loans
August 25th, 2014
As Europe slogs through its latest round of bank stress tests, a growing number of analysts have already reached their own conclusion: Eurozone banks need additional cash. The E.C.B. will publish the results of its half-year investigation into Europe’s ...
US banks plan ahead for UK exit from EU
August 18th, 2014
Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart from the EU. People familiar with Bank of America, Citigroup and Morgan Stanley told the ...
Big Banks’ ‘Living Wills’ Get Failing Grade
August 6th, 2014
Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence yesterday with a grade: Fail. The Federal Reserve and ...
