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European banks forced to review US dealsSome European banks are ordering their brokers to rein in and even quit trading some derivatives with US-based peers in a protest against tough new American rules. The Dodd-Frank regulations, which come into force in early 2013, w More… |
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Gulf banks eye European rivals' ME assetsAs struggling European banks scale back their worldwide operations, cash-rich Gulf lenders see a chance to expand by snapping up the Middle East assets of European rivals at attractive prices. After years of building operations in the fast More… |
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US mulls tougher Iran law for foreign banksUS lawmakers are working on legislation that would force European and Asian banks with US accounts to directly report to the US Treasury their transactions with Iranian financial institutions, a lawmaker and congressional aides said on Tuesday.&nb More… |
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European banks need $135bn says IrelandEuropean banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, said Ireland ahead of a key meeting of Europena leaders. German Chancellor Angela Merkel and French President Nicolas Sarkozy w More… |
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Emirates eyes $1 billion bondDubai's flagship Emirates airline is planning to issue $1 billion in bonds, a senior official was quoted as saying on Thursday, to counter uncertainty about financing as European banks struggle. Brian Jeffrey, senior vice president of corp More… |
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Oil up on banks' Europe moveOil was headed for a weekly gain on Friday after central banks launched coordinated action to boost European bank funding, easing concern about falling oil demand from industrialised consumers. Brent crude gained 56 cents to $112.86 by 04 More… |
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$273bn bank hole report misleading, says IMFIMF chief Christine Lagarde said that reports of a draft IMF document showing a $273.2 billion shortfall in European banks' capital were misleading and the lender was still finalising its study. 'There has been misreporting about t More… |
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Europe rejects IMF call for more bank capitalEuropean bankers and politicians leapt to defend the region's banks on Thursday, rejecting an International Monetary Fund (IMF) estimate that they need 200 billion euros ($290 billion) in new capital to reflect sovereign debt losses. IMF c More… |
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IMF sees $287bn capital gap at European banksThe International Monetary Fund has estimated European banks could face a capital shortfall of 200 billion euros ($287 billion), a European source said. The figure has prompted a fierce response from European officials who said the analysi More… |
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EU banks close to Greece rescue dealBanks and policymakers moved closer to a deal to help Athens secure funds ahead of a parliamentary vote on austerity next week that Greek Prime Minister George Papandreou must win to avert default. Despite a refusal by the conservative opp More… |
