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By Marlene Y. Satter, AdvisorOne |
December 8, 2011
Standard & Poor's, continuing a theme it began earlier this week, said Wednesday that the European Union itself could face the loss of its AAA credit rating, as could large euro zone banks.
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By Marlene Y. Satter, AdvisorOne |
November 29, 2011
The banks of 15 countries in Europe have been put on notice by Moody’s: their subordinated debt ratings may be cut by the agency because there is the possibility that government support for that debt will not be forthcoming.
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By Janet Levaux, AdvisorOne |
November 10, 2011
The industry group shares awards with Baird, BNP Paribas, Goldman Sachs, BofA, Citi, Deutsche Bank and Credit Suisse for diversity programs.
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By Marlene Y. Satter, AdvisorOne |
November 4, 2011
In an agreement reached alongside a G20 meeting in Cannes, France, Italy has agreed to accept monitoring from both the European Union and the International Monetary Fund on its progress with financial goals and reforms.
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By Gil Weinreich, AdvisorOne |
November 2, 2011
The report's authors cite Dutch banking giant ING Groep’s pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.
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By Marlene Y. Satter, AdvisorOne |
October 14, 2011
The eight biggest U.S. money market funds slashed their lending to French banks in September by a staggering 44% overall, with some bank holdings falling even further as worries over the eurozone debt crisis multiplied.
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By Marlene Y. Satter, AdvisorOne |
October 14, 2011
Fitch Ratings cut the long-term issuer default ratings of three major banks late Thursday, and warned that more than a dozen more may see their ratings cut as well as it put them on a negative watch.
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By Marlene Y. Satter, AdvisorOne |
October 5, 2011
Less than three months after Dexia SA, the French-Belgian bank, passed its European Union stress tests, it may be on the block—the chopping block.
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By Marlene Y. Satter, AdvisorOne |
October 4, 2011
Those institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europe’s ongoing debt crisis.
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By Marlene Y. Satter, AdvisorOne |
September 20, 2011
Bank of China and another Chinese bank have stopped interest rate swaps and foreign exchange trading with a number of foreign banks, reducing their exposure to the euro zone.