Strong Swedish banks may be unfairly penalised because of the way the Core Tier 1 capitalisation ratio of 9% is to be calculated following the agreement overnight by Europe's politicians.
Christian Clausen, Nordea president and group CEO speaking at the Nordic bank's Capital Markets Day in London, said that members of the European Banking Federation were preparing to accept a cost of up to €100bn as their part in rescuing the eurozone....
Kathleen Brooks, research director at Forex.com, is concerned that the second bailout of Greece agreed yesterday still leaves too many unanswered questions.
Local analysts and investors in Norway are warning that the current price of gold is not sustainable, even as demand has pushed the metal past the $1,600 level.
Greek, Irish and Portuguese domestic banks are most vulnerable in the event of their sovereigns defaulting, the results of this year’s stress tests on Europe’s banking sector found.
Europe-wide banking regulator the European Banking Authority will publish results of stress tests for 91 banks across the region later today, once markets have closed.
Spain and Portugal’s economies have been rushed back into the financial equivalent of a hospital intensive care unit after spreads on their debt increased sharply on the threat of contagion spreading to the eurozone’s third biggest economy Italy.
Ted Scott at F&C weighs up latest concerns.
Fears of contagion from the Greek debt crisis have affected trading in Italian bank shares
Adam Farkas is the new head of the most powerful banking regulator in Europe. As executive director of the EBA he will oversee the implementation of a new rulebook for European banks, ranging from remuneration to capital definition.
Allied Irish Banks (AIB) has announced pre-tax losses of over €12bn for 2010, plunging €9.4bn deeper into the red compared with the previous year as it continues to pay the price of bad loans made to property developers leading up to the financial crisis....
Europe’s banks need to meet Core Tier 1 capital ratio requirements of 5% from the end of this year, as the new European banking regulator puts pressure on institutions to bolster their underlying financial health.
Verena Ross, currently international director at the UK financial services authority, has moved closer to gaining the top position at European super-regulator, the European Securities and Markets Authority (ESMA).