-
By Marlene Y. Satter, AdvisorOne |
January 4, 2012
Italy’s largest bank, UniCredit, saw its stock fall the most in two months in Milan after it announced that it would sell 7.5 billion euros ($9.8 billion) in shares at a 43% discount to Tuesday’s closing price, excluding rights values.
-
By Marlene Y. Satter, AdvisorOne |
December 29, 2011
Italy sold bonds on Thursday, but not as many as hoped in thin trading. While yields fell, they were still not far from euro-lifetime highs as investors displayed concern over the country's ability to sustain itself. After the auction, the European Central Bank stepped in to purchase Italy's bonds on...
-
By Marlene Y. Satter, AdvisorOne |
December 21, 2011
The European Central Bank surprised analysts by offering a record amount of 489 billion euros in loans to stressed banks.
-
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.
-
By Marlene Y. Satter, AdvisorOne |
November 9, 2011
Some Eurozone banks are redefining risk in order to meet capital requirements. Many officials and banking experts say the practice is legal but undermines the goal of ensuring the financial institutions are healthy.
-
By Joyce Hanson, AdvisorOne |
November 4, 2011
An encouraging U.S. jobs report was not enough to give the markets a lift on Friday as worries about Greece’s debt crisis continued to weigh on sentiment.
-
By Gil Weinreich, AdvisorOne |
September 9, 2011
New German government plans to rescue its banks and insurers sent the clearest signal yet that a European banking crisis could be imminent.
-
By Marlene Y. Satter, AdvisorOne |
August 18, 2011
This week in new hires, Curley goes to Genworth; Goldman, Gendreau join Cetera; Polk adds Crandall; Herrera goes to AUL.
-
By Gil Weinreich, AdvisorOne |
July 21, 2011
European bank stocks skyrocketed Thursday on news that an EU emergency summit meeting has crafted a plan to aid Greece without any new taxes on banks.
-
By Gil Weinreich, AdvisorOne |
July 18, 2011
Traders, analysts find bank stress tests to be lacking in credibility.