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You need to enable Javascript to play media on Bloomberg.com Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro. While lenders have increased capital ...
May 21, 2012 at 23:54 | Source: Bloomberg
LONDON, May 28 (Reuters) - Bond investors say they could stop funding Europe's fragile banks if rules designed to insulate them from shocks are put in place, making financial institutions even more vulnerable to the debt crisis and possibly more ...
May 28, 2012 at 14:34 | Source: Huffington Post
The cost for European banks to borrow in dollars fell to the lowest in more than a week, according to a money-market indicator. The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 45 ...
May 22, 2012 at 08:07 | Source: Businessweek
RIYADH, May 23 (Reuters) - A sharp drop in lending by foreign banks in Saudi Arabia is not likely to stifle credit growth in the world's top oil exporter as local lenders and government funds have been filling the gap, bankers and analysts said ...
May 23, 2012 at 20:52 | Source: Reuters
Few investments at the moment make Wall Street squirm as much as European bank stocks. A contrarian with an appetite for risk might call that a reason to buy. Prices indeed seem alluring. The Euro Stoxx Banks index has fallen by about half over ...
May 25, 2012 at 20:14 | Source: Smart Money
Recapitalizing insolvent European banks such as Bankia is a “necessary evil”, but some should still be allowed to fail, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC. “I think the idea that we have to ...
May 28, 2012 at 12:18 | Source: CNBC
Some investors seem to think so. About 60 billion euros ($76.5 billion) has been raised to buy so-called noncore loan assets currently held by European banks, according to the accounting firm PricewaterhouseCoopers. Investors are eager to take ...
May 21, 2012 at 14:21 | Source: New York Times
LONDON, May 28 (Reuters) - European shares ended in negative territory on Monday, reversing earlier gains in thin trade as concerns surrounding Spain's banks returned to the forefront of investors' minds. The FTSEurofirst 300 closed down 0.1 ...
May 28, 2012 at 17:04 | Source: Reuters UK
Most European stock markets have fallen on bank strains in Spain, but avoided a deep slump after opinion polls pointed to a win for pro-austerity conservatives in the upcoming Greek election. The European single currency rose to $US1.2543 from $US1.2515 ...
May 28, 2012 at 20:11 | Source: Sydney Morning Herald