Search Results for 'EU'

U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom

After a hurricane, homeowners check nervously to see if their insurance will cover all of their damages. With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is goi [...]

Posted On : Jan, 30 2012 | Comments : 0

Central Bank Becomes an Unlikely Hero in Euro Crisis

BERLIN — Throughout the month, countries caught in the eye of the European financial storm, including Italy, Spain and France, have repeatedly defied expectations, selling big batches of bonds to the public at interest rates signifi [...]

Posted On : Jan, 21 2012 | Comments : 0

Asian stocks mostly down on Europe bank worries

Asian stock markets were mostly lower Thursday amid new signs of pressure on Europe's banking system and a downturn on Wall Street. Benchmark oil lingered above $99 per barrel while the dollar rose against the euro but fell against th [...]

Posted On : Dec, 29 2011 | Comments : 0

European Banks Rush to Grasp Lifeline

Hundreds of euro-zone lenders took out €489.19 billion ($640 billion) in low-interest loans from the European Central Bank on Wednesday, as the currency area extended a massive financial lifeline to its struggling banking industry. [...]

Posted On : Dec, 22 2011 | Comments : 0

US money funds cut lending to EU banks

The biggest US money market funds have cut their lending to European banks to another record low while increasing their holdings of US government debt to levels reminiscent of those seen during the financial crisis. The 10 largest funds t [...]

Posted On : Dec, 21 2011 | Comments : 0

Europe’s bank meltdown will hit home here

No, I’m not talking about some new sale on airfare. I'm talking about your bank account. In less than six months our personal wealth has gone from having some, but mostly indirect, connection to Europe, to being held hostage by [...]

Posted On : Dec, 13 2011 | Comments : 0

European Banks Hunt for Ways to Raise Cash

As Europe continues to grapple with its sovereign debt crisis, many of the Continent’s banks are facing increased financing costs and limited access to much-needed cash, according to the Bank for International Settlements, an associ [...]

Posted On : Dec, 12 2011 | Comments : 0

'Saudi banks can weather euro zone debt crisis shocks'

This stable outlook for the Saudi banking system is further supported by Moody's Investors Service's new report published Monday. The report says that the outlook for the Saudi banking system remains stable based on the country [...]

Posted On : Dec, 06 2011 | Comments : 0

Central Banks Ease Most Since '09 to Avert Europe-Led Slump?

Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil. The U.S., the U.K. and nine other nations, [...]

Posted On : Nov, 28 2011 | Comments : 0

Banks Build Contingency for Breakup of the Euro

For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen. But some banks are no longer so sure, especially as [...]

Posted On : Nov, 26 2011 | Comments : 0

Europe’s Banks Relying on Money From E.C.B.

Banks clamored for emergency funds from the European Central Bank on Tuesday, borrowing the most since early 2009 in a clear sign that the euro region’s financial institutions are having trouble obtaining credit at reasonable rates [...]

Posted On : Nov, 23 2011 | Comments : 0

World Bank Says Asia Has Room for Stimulus to Limit Europe H...

Most Asian nations have room to use fiscal stimulus to protect their economies from a deterioration of the European debt crisis that may have “substantial” spillovers on the region, the World Bank said. Developing East Asia [...]

Posted On : Nov, 22 2011 | Comments : 0

U.S. Banks Pull Back on Europe Lending, Survey Shows

U.S. banks tightened their standards for loans to European banks and fewer relaxed lending standards to businesses in the third quarter, the Federal Reserve said Monday. The Fed's quarterly senior-loan-officer survey, based on 51 d [...]

Posted On : Nov, 08 2011 | Comments : 0

EU’s Bank Capital Plan Has ‘Serious Problems,’ IIF Says

The European Union’s plan for recapitalizing banks has “serious problems” that will hurt economic growth and make it harder for some nations to borrow, the Institute of International Finance said. There is a “cl [...]