Search Results for 'EU'

European banks rally after early tumble

Shares in European banks fell sharply before rallying after several countries imposed a ban on short selling of financial stocks. European equity markets initially tumbled as banks came under attack in spite of the joint ban on short sell [...]

Posted On : Aug, 12 2011 | Comments : 0

The charade of EU bank stress tests

News reports at the end of last week informed the financial markets that the European Banking Authority (“EBA”) failed only eight of the 90 banks examined in the most recent round of stress tests. These eight unfortunates &ldq [...]

Posted On : Jul, 19 2011 | Comments : 0

Deutsche Bank May Risk Co-CEO Pitfalls

Deutsche Bank AG (DBK) is likely to risk the pitfalls of dual chiefs to keep investment-banking head Anshu Jain while allaying doubts in Germany about his ability to fulfill the political role of leading the nation’s biggest bank. [...]

Posted On : Jul, 11 2011 | Comments : 0

Deutsche Bank CEO: No Solution on Greece Yet - Reuters

Banks are working with European governments to consider the accounting impact of a Greek debt restructuring but a solution has yet to be found for Greece, Deutsche Bank AG (DB) Chief Executive Josef Ackermann told a conference organized b [...]

Posted On : Jun, 28 2011 | Comments : 0

Deutsche Bank, UniCredit May Have to Raise Additional Capita...

Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic gro [...]

Posted On : Jun, 27 2011 | Comments : 0

Banks Lead Europe Higher; Shanghai Falls

European stocks closed slightly higher Wednesday, clambering out of the red after credit-ratings firm Fitch Ratings said it doesn't foresee any rating action on German banks as a result of their exposure to Greece. In Asia, most ma [...]

Posted On : May, 26 2011 | Comments : 0

Deutsche Bank boosted by retail division

Germany’s largest bank by assets earned net income of €2.1bn ($3.1bn) in the first three months of the year. Pre-tax profits from operating businesses were €3.5bn, with a record quarterly contribution from retail banking a [...]

Posted On : Apr, 28 2011 | Comments : 0

JPMorgan upgrades State Bank of India to neutral

JPMorgan raised State Bank of India , the country's top lender, to "overweight" from "neutral", citing regulatory relief from higher provisioning norms and positives from teaser loan withdrawal. It also raised its [...]

Posted On : Apr, 25 2011 | Comments : 0

WSJ: European Bank Shares Hit By Renewed Worries

European stocks slid, fuelled by negative news in the global banking sector and new worries about Greek debt. The pan-European Stoxx 600 index ended 0.5% lower at 277.01. The U.K.'s FTSE 100 index slid 0.8% to 5963.80. (This story an [...]

Posted On : Apr, 15 2011 | Comments : 0

European bank tests to be softened: FT

European banking regulators will soften parts of bank stress tests despite claims that last year's results failed to uncover the scale of the Irish banking crisis, the Financial Times has reported. The new test will simulate the [...]

Posted On : Mar, 09 2011 | Comments : 0

Deutsche Bank Seeks Commodity M&A

Deutsche Bank AG said it is hunting for acquisitions in commodities trading, joining the scramble among investment banks to take advantage of the boom in raw-material prices as fixed-income trading cools. Record prices for copper and gol [...]

Posted On : Feb, 04 2011 | Comments : 0

Euro Cup 2011: How Long Can Embattled Banks Play Kick the Ca...

European financial markets of all stripes enjoyed another nice bounce Tuesday in the face of widespread skepticism that European officials are doing little more than papering over their problems with talks aimed at expanding the continen [...]

Posted On : Jan, 19 2011 | Comments : 0

TD Bank Increases U.S. Bet With Chrysler Finance Unit as Eur...

Toronto-Dominion Bank is increasing its bet in the U.S. with the $6.3 billion purchase of Chrysler Financial Corp., capping a record quarter for U.S. takeovers by Canadian lenders as some European rivals retreat. The purchase of the [...]

Posted On : Dec, 22 2010 | Comments : 0

Tougher EU bank tests could ease crisis

With its plan to take another close look at the health of banks, the European Union could make a big leap ahead in its response to the government debt crisis. But for the tests to be meaningful this time around, governments and regulator [...]