European Stocks Hover Near 1-Year High, Set for 2nd Weekly Gain
December 16th, 2016
European stocks held steady after closing at their highest level since January on Thursday, heading for a second week of gains. The Stoxx Europe 600 Index rose less than 0.1 percent at 08:45 a.m. in London as gains in ...
What to know now following Italy’s “NO” result and Renzi resignation
December 5th, 2016
Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat? Although the referendum on Sunday was officially ...
Woes at Italy’s Biggest Bank Reverberate in Europe
September 12th, 2016
Troubles could worsen already-weak economy, imperil continent’s fragile financial stability For UniCredit SpA, the summer of discontent for Italy’s banks looks likely to stretch well into the fall—and possibly beyond. UniCredit, Italy’s largest lender by assets, emerged as one of the ...
Most European Banks Survive Stress Test
August 1st, 2016
European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle to ride out a hypothetical severe economic downturn. The European ...
Italy Forms $5.7 Billion Fund to Shake Off Doubts in Banks
April 12th, 2016
Fund to help weakened banks sell shares and unload bad loans Atlante fund managed by Quaestio Capital investment firm Italian officials and bank executives agreed to create a multibillion-euro fund to help troubled lenders raise capital and offload bad ...
Europe Stocks at Recession Prices Show Growth Faith Falters
February 9th, 2016
Euro Stoxx 50 had its largest two-day slump since August Shares now trade at biggest discount in a year vs U.S. stocks For European investors trying to assess just how bad sentiment is right now, consider this: the last ...
Italian Banks Lead European Decliners on Bad-Loan Concerns
January 19th, 2016
Italy’s government has been struggling to set up a bad bank Country’s bad loans reached 201 billion euros in November Italian banks dropped in Milan, leading declines in the European Stoxx 600 Banks Index, reflecting investor concerns about lenders’ ...
Japan’s Biggest Brokerages Tumble After Posting Lower Earnings
October 29th, 2015
Nomura falls the most in two months as profit drops 12% Global market turmoil also dented trading income at Daiwa Nomura Holdings Inc. and Daiwa Securities Group Inc., Japan’s biggest brokerages, fell the most in at least in a ...
European Banks Face Capital Hit From Second-Quarter Bond Selloff
July 23rd, 2015
The bond market selloff in the second quarter probably dented the capital defenses of many European banks, with lenders in Italy and Spain hit hardest. The extent of the damage will be disclosed when banks report earnings starting this ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
