European finance ministers will shift their focus next week onto a possible need for banks to raise more capital and on who will cover any shortfalls exposed by stress tests — a sum which Credit Suisse estimated could reach 90 billion euros ($114 billion). Continue Reading…
How much stress can Europe’s banking system take? Continue Reading…
That question has put markets on edge amid the continent’s government debt crisis, and European Union leaders hope to take a big step towards restoring confidence with the publication later this month of “stress tests” on 91 banks representing the bulk – 65 per cent – of the European banking system. Continue Reading…
London’s FTSE 100, which rose 1pc on Wednesday, gained a further 1.8pc to 5105.45 on Thursday. Aggreko led the charge with a 5.68pc increase after HSBC boosted its rating to “overweight”. Continue Reading…
In a controversial move it has been revealed that European leaders will publish the result of banking stress tests on 25 of Europe’s largest banking institutions. Continue Reading…
Terrence Zimmerman, of Florence, believes he’s pretty responsible with his money. “In eight years, I’ve only had one overdraft fee,” he said. Continue Reading…
The task of supervising the banking system was removed from the Bank of England in 1997 and transferred to the new Financial Services Authority (FSA) because New Labour thought the Bank had made a hash of it. Continue Reading…
The European Union’s president says European governments will publish results of “stress tests” on potential bank losses in July. Continue Reading…
The fallout from Spain’s brewing financial crisis will likely have a limited effect on Chile because the two Spanish banks operating in Chile have been mostly unscathed by those financial troubles, Columbia University professor Xavier Sala-i-Martin said Friday. Continue Reading…
Reserve Bank Governor D Subbarao today said mobile banking should be driven by banks, not telecom operators, considering money laundering and terror financing threats. Continue Reading…