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Congress Bailouts

  • *Creditors agree Greece has pushed through reforms. LUXEMBOURG, June 15- Euro zone governments threw Greece another 11th- hour credit lifeline on Thursday worth $9.5 billion and sketched new detail on possible debt relief as the IMF finally offered to help out after two years of hesitation. The 8.5 billion euros of loans from the euro zone's 18 other states,...

  • ZURICH, June 15- Swiss banks UBS and Credit Suisse have been told by the central bank that they still need to draft credible plans for potential insolvency as part of the country's efforts to prepare for a banking crisis. After the financial crisis in which UBS suffered billions of dollars in losses and took a government bailout, Switzerland introduced new...

  • LONDON/ PARIS, June 12- Europe, led by France, is set to scupper attempts this week to reach a compromise deal on bank capital rules, arguing that the levels being set to avoid future taxpayer bailouts are too high, people familiar with the talks told Reuters. But no final deal is likely this week given that France, backed by Germany and the Netherlands, is unhappy with...

  • LONDON/ PARIS, June 12- Europe, led by France, is set to scupper attempts this week to reach a compromise deal on bank capital rules, arguing that the levels being set to avoid future taxpayer bailouts are too high, people familiar with the talks told Reuters. But no final deal is likely this week given that France, backed by Germany and the Netherlands, is unhappy with...

  • MILAN/ ROME, June 8- Italy's biggest banks may help Rome bail out Popolare di Vicenza and Veneto Banca to avoid being hit by costly depositor guarantees if European regulators shut them down, sources close to the matter said on Thursday. Wednesday's overnight rescue of Spain's Banco Popular by Banco Santander has increased pressure on Italy, which has been...

  • NEW YORK, June 7- A smoothly executed rescue of Spain's struggling Banco Popular lifted European bank stocks on Wednesday, while U.S. stock and bond investors showed caution ahead of Thursday's British vote, an ECB meeting and testimony by ex-FBI chief James Comey. Oil prices dipped on renewed concerns about the efficacy of OPEC- led production cuts and a Mideast...

  • LONDON, June 7- A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday in financial markets dominated by caution ahead of a trio of major events on Thursday. The absorption of Popular by Spain's biggest bank Santander for a nominal one euro was the first use of a regime to deal with failing banks adopted...

  • LONDON, June 7- The smoothly executed rescue of Spain's struggling Banco Popular prodded European banking stocks higher on Wednesday in financial markets dominated by caution ahead of a trio of major events on Thursday. The absorption of Popular by Spain's biggest bank Santander for a nominal one euro was the first use of a regime to deal with failing banks...

  • Rep. Hensarling: Growing consensus Dodd-Frank is not working

    Rep. Jeb Hensarling, (R-Texas), talks about the upcoming vote on the Financial Choice Act, a bill that will roll back much of the current financial reforms. The big banks have gotten bigger after Dodd-Frank, says Rep. Hensarling.

  • *Sale could raise 3 bln euros, price under 5 euro per share. DUBLIN, May 31- Allied Irish Banks is attracting very significant investor interest as Ireland begins returning the bank it rescued almost a decade ago to private ownership, its chief executive said on Wednesday. Dublin, which rescued the bank in a 21 billion-euro taxpayer bailout that began almost a...

  • DUBLIN, May 30- Ireland launched its long-awaited initial public offering of state-owned Allied Irish Banks on Tuesday, offering a 25 percent stake in what is set to be one of Europe's largest bank listings since the 2008 financial crisis. Dublin rescued the bank in a 21 billion euro taxpayer bailout which began in early 2009 and has been considering partly...

  • *Greece denies report it may opt out of bailout money. LONDON, May 30- German government bond yields fell to their lowest level in more than a month on Tuesday as inflation slowed in the bloc's biggest economy, underscoring the challenges the European Central Bank faces in normalising monetary policy. This further tempers expectations for policy tweaks at the...

  • *Greece needs loans to make July debt repayment. ATHENS, May 30- Greece on Tuesday denied a German newspaper report it could refuse receipt of bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms, despite it having passed more reforms. Tuesday's report in mass-selling Bild that Athens could go without new loans of...

  • *Greece denies report it may opt out of bailout money. LONDON, May 30- German government bond yields fell to their lowest level in more than a month on Tuesday as inflation slowed in the bloc's biggest economy, underscoring the challenges the European Central Bank faces in normalising monetary policy. This further tempers expectations for policy tweaks at the...

  • ATHENS, May 30- Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms. Tuesday's report in Germany's mass-selling Bild that Athens could opt to go without 7 billion...

  • ATHENS, May 30- Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms. Tuesday's report in Germany's mass-selling Bild that Athens could opt to go without 7 billion...

  • ATHENS, May 29- Greece's creditors need to reach a deal on debt relief measures at the next meeting of euro zone finance ministers in June to help the country return to bond markets, its finance minister said on Monday. Greece adopted the package to try to coax the IMF into participating in its 86- billion-euro bailout and to qualify for debt relief.

  • MILAN, May 26- Banca Popolare di Vicenza and Veneto Banca have asked an investment fund backed by Italy's healthier banks to come to their rescue by helping to cover a capital shortfall, as demanded by the European Union. Rome has sought EU approval for months to bail out the two Veneto- based lenders and bigger rival Monte dei Paschi di Siena under strict EU bank...

  • Sources told Reuters last week that the European Commission had asked two Veneto- based regional lenders to raise an additional 1 billion euros in private capital as a condition to approve their request for a state bailout. The sources said Italy's stronger banks could once more face pressure to help rescue the lenders, Popolare di Vicenza and Veneto Banca,...

  • Speaking to Reuters in an interview, Mario Centeno said he was confident about Portugal's improving economic outlook after years in the doldrums during the euro zone debt crisis, when the country was forced to seek a bailout. "The fact is that we are converging with the European Union, we are finally converging." Portugal has been one of Europe's slowest-growing...