Search Results for 'European'

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

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

Banks face new European stress tests

Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt. The exercise, conducted by the European Banking Authority, could [...]

Posted On : Oct, 06 2011 | Comments : 0

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

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

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

European Banks Borrow EUR 131.9 Bln From ECB

The European Central Bank on Thursday said it lent firms EUR 131.9 billion for three months. However, this was much smaller than the expected borrowing of around EUR 200 billion. The latest figure suggests that the dependence of euro are [...]

Posted On : Jul, 01 2010 | Comments : 0

More European banks to face stress testing

More European banks face stress tests to assess their health, officials acknowledged yesterday, amid warnings that publishing detailed test results for the continent's biggest financial institutions may not fully quell investor conce [...]

Posted On : Jun, 19 2010 | Comments : 0

European airline flights set to restart

European airspace that was closed by the volcanic eruption in Iceland will reopen to flights today after transport ministers said planes could fly through thinner parts of the ash plume. Operations in areas where dust is detected will be [...]

Posted On : Apr, 20 2010 | Comments : 0

American Airlines hit with anti-trust complaints from Europe...

The European Union has sent anti-trust complaints to American Airlines and two of its partners over a proposed alliance that would coordinate operations and marketing on trans-Atlantic routes, Bloomberg reported Friday. The “statemen [...]

Posted On : Oct, 05 2009 | Comments : 0

IMF Says European Central Banks Should Keep Rates Low for No...

The International Monetary Fund said central banks in Europe should keep interest rates low and possibly extend non-standard stimulus measures because the region’s economic recovery is likely to be “slow and fragile.” &ld [...]

Posted On : Oct, 03 2009 | Comments : 0

European Central Bank assesses auction impact

The European Central Bank is expected to keep its key interest rate unchanged Thursday as it awaits to see whether last week's massive liquidity injection will get banks to lend more money to businesses and consumers and support the struggl [...]

Posted On : Jul, 01 2009 | Comments : 0

European central banks under pressure to cut rates

The European Central Bank and the Bank of England are under mounting pressure to cut interest rates aggressively this week amid signs that the economic slump will be deeper and more prolonged than previously expected. While many observers [...]