BRUSSELS (Reuters) - Cyprus, the European Union and the International Monetary Fund have agreed a new plan to try to resolve the island's shattered banks and finance a rescue of the country, EU officials said early on Monday.
(2 months ago)
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review. Greece is recapitalizing its four big banks and winding down others deemed non-viable to improve the sector's...
(3 days ago)
Europe must do more to shore up its banks and take steps to create a banking union to protect itself against future financial shocks, the International Monetary Fund said Friday.
(2 months and 9 days ago)
FRANKFURT, Germany - This week's deal to rescue Cyprus and its banks from financial collapse has renewed fears about Europe's shaky financial system and where trouble might next appear.
(1 month and 22 days ago)
On February 22 2013, we released an article focusing on the little known fact that depositors’ savings were at risk in Europe. At that time we wrote: It’s a little known fact about the Spanish crisis is that when the Spanish Government merges troubled banks, it typically swaps out depositors’ savings for shares in the new bank. So… when the newly formed bank goes bust,...
(2 months and 6 days ago)
European stock markets drop on Monday, with banks and mining firms leading the charge lower, as an Asia rally fails to lift the mood Europe.
(3 months and 3 days ago)
Europe needs to recapitalise, restructure or shut down its banks as part of a vital clean-up of the industry, International Monetary Fund managing director Christine Lagarde said.
(1 month and 11 days ago)
Europe's crisis-fighting measures broke new ground in Cyprus, where for the first time holders of banks' supposedly safest bonds will be forced to take losses—a step that could unnerve investors in these types of bonds at weaker banks in the region.
(1 month and 27 days ago)
Canadian investment banks are expanding in Europe, according to bankers and headhunters familiar with the moves, amid growing opportunities to steal market share from embattled European banks
(1 month and 14 days ago)
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