Secret fund to rescue Europe's banks

Cyprus, EU/IMF agree draft proposal to rescue banks

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.

reuters.com (2 months ago)

Cyprus rescue marks "game-changer" for Europe's banks

foxbusiness.com (1 month and 26 days ago)

Greece to sell Postbank, Proton in July, stress-test big banks

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...

yahoo.com (3 days ago)

Europe financial sector is fragile, says IMF

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.

cnn.com (2 months and 9 days ago)

Cyprus' troubles send shivers across Europe

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.

philly.com (1 month and 22 days ago)

Europe: Are your Savings REALLY Safe?

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,...

zerohedge.com (2 months and 6 days ago)

Europe Markets: Europe stocks fall with miners and banks dropping

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.

marketwatch.com (3 months and 3 days ago)

Big banks 'more dangerous than ever', IMF's Christine Lagarde says

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.    

telegraph.co.uk (1 month and 11 days ago)

Senior Bondholders Look Warily at Cyprus Rescue

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.

wsj.com (1 month and 27 days ago)

Canadian banks are expanding in Europe with hiring offensive

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

efinancialnews.com (1 month and 14 days ago)