US Banks Up Insurance Sales On Euro Debt
Published By admin On Saturday, May 19th 2012. Under Forex Tags: Banks', debt, euro, insurance, sales
U.S. banks increased sales of protection against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the last quarter of 2011 as the European debt crisis escalated.
Guarantees provided by U.S. lenders on government, bank and corporate debt in those countries rose 10 percent from the previous ... Continue Reading
Banks’ rising bad loans add to Spanish troubles
Published By admin On Friday, May 18th 2012. Under Business Tags: Banks', loans, Rising, Spanish, Troubles
MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector.
Reuters: Business News ... Continue Reading
Moody’s downgrades Spanish banks
Published By admin On Friday, May 18th 2012. Under Featured Tags: Banks', downgrades, Moody's, Spanish
Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.
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Report: ECB Halts Operations With Several Greek Banks
Published By admin On Wednesday, May 16th 2012. Under Business Tags: Banks', Greek, halts, Operations, report, Several
The European Central Bank has reportedly ceased monetary policy operations with some Greek banks as they have not been successfully recapitalized.
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China Big Four Banks Barely Issued New Yuan Loans In 1st Half Of May -Report
Published By admin On Wednesday, May 16th 2012. Under Business Tags: Banks', barely, China, Four, half, Issued, loans, report, yuan
China's biggest four banks barely issued any new yuan loans in the first two weeks of May, extending weak credit growth in April, the state-run Shanghai Securities News reported Wednesday, citing an unnamed source.
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Ratings cut on 26 Italian banks
Ratings agency Moody's cuts the credit ratings on 26 Italian banks, including Italy's largest lenders Unicredit and Intesa Sanpaolo.
BBC News - Business ... Continue Reading
Spanish Banks’ Net ECB Borrowing Hits New Record In April
Published By admin On Monday, May 14th 2012. Under Business Tags: April, Banks', borrowing, hits, record, Spanish
Spain's banks increased their net borrowings from the European Central Bank in April as banks drew down part of the excess funding they had stashed with the central bank earlier this year.
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Chinese banks get OK to expand in U.S.
For the first time, a Chinese bank wins approval to buy U.S. banks and take U.S. deposits.
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Extra capital for Spanish banks
The Spanish government is to force its banks to take on an extra 30bn euros of capital to cushion themselves against loans going bad.
BBC News - Business ... Continue Reading
U.S. Day Ahead: Ben why aren’t banks lending more?
Published By admin On Thursday, May 10th 2012. Under Business Tags: Ahead, arent, Banks', Lending, More, U.S.
May 8 - Fed Chair Ben Bernanke may finally shed light on why banks aren't lending more when he speaks at a Chicago Fed conference on the health of financials on Thursday.
Reuters Video: Business ... Continue Reading
