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By Marlene Y. Satter, AdvisorOne |
November 1, 2012
Opposition to an EU budget freeze and to Britain’s joining a eurozone banking union could cost the City of London its position at the top of the world’s financial centers.
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By Marlene Y. Satter, AdvisorOne |
September 21, 2012
Finance Minister Anders Borg of Sweden said that his country’s government will never agree to allow its taxpayers’ money to bail out “ill-managed” European banks.
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By Marlene Y. Satter, AdvisorOne |
July 30, 2012
ECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.
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By Marlene Y. Satter, AdvisorOne |
May 3, 2012
Although discussions dragged on till the wee hours of the morning, E.U. finance ministers were unable to put together a deal on toughening bank capital rules.
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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.
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By Marlene Y. Satter, AdvisorOne |
December 9, 2011
Moody’s Investors Service cut France’s three largest banks by one notch, citing a 'very high' probability that the French government would intervene with support.
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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.
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By Marlene Y. Satter, AdvisorOne |
October 31, 2011
European banks seeking to recapitalize and meet new goals set for them by regulators are seeking to do so largely through internal actions than by raising outside funding from investors, and analysts are not impressed by the method.
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By Marlene Y. Satter, AdvisorOne |
October 7, 2011
Moody's on Friday downgraded a dozen U.K. banks, including Lloyds TSB Bank, a unit of Lloyds Banking Group, and Royal Bank of Scotland, saying that there was increasing likelihood that smaller banks would be allowed to fail if troubles worsened.
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By Marlene Y. Satter, AdvisorOne |
October 6, 2011
Regulators from the European Union were presented with a proposal to coordinate recapitalization of its banks at the second day of meetings on Thursday, as they considered ways to reassure investors who have been fleeing the banking sector.