Portugal’s BES insists family losses will not put bank at risk
LISBON/LONDON (Reuters) - Losses on loans to the troubled business empire of its founding family will not put Banco Espirito Santo at risk of running short of capital, the bank...
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Portugal’s BES insists family losses will not put bank at risk
LISBON/LONDON (Reuters) - Losses on loans to the troubled business empire of its founding family will not put Banco Espirito Santo at risk of running short of capital, the bank...
ECB keeps banks on tight leash for health check results: sources
FRANKFURT/LONDON (Reuters) - The European Central Bank wants to give banks just 48 hours to review the results of a balance sheet health check so it can guard against data...
To avoid rate cut backfiring, banks will need incentive from ECB
By Paul Carrel and Laura Noonan FRANKFURT/LONDON (Reuters) - The European Central Bank is gearing up to charge banks for depositing with it, something that will require careful manoeuvring if...
No ‘immediate trigger’ for Moody’s negative outlook on 82 EU banks
By Laura Noonan LONDON (Reuters) - There was "no immediate trigger" for Moody's decision late on Thursday to change the ratings outlook for 82 European banks to negative, Johannes Wassenberg,...
ECB to ease stress test for Franco-Belgian Dexia
DUBLIN/FRANKFURT (Reuters) - ECB officials agreed on Thursday that Franco-Belgian bank Dexia would not have to prove it could withstand a financial crisis in a Europe-wide stress test, reducing the...
Swiss watchdog sets tough capital requirements for top banks
ZURICH/LONDON (Reuters) - Switzerland's financial regulator has laid out rules that could force the country's two biggest banks to hold more than double the total capital required by international standards,...
Europe’s top banks shed 2 trillion euros as regulatory belt tightens
LONDON (Reuters) - Europe's top 30 banks cut assets by 2 trillion euros ($2.76 trillion) last year and are set to cut them again in 2014 as regulatory pressure prompts...
Europe’s banks prepare for ECB tests with new provisions
LONDON (Reuters) - The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions...
Russians’ Cypriot haven undisturbed by sanctions, tensions
LIMASSOL (Reuters) - Cypriots say their island paradise, home to thousands of Russians seeking sun, tax benefits and an EU entry point, has not suffered from deteriorating relations between Moscow...