Parliamentary elections are due next May, with the last-minute pledges made to Scotland in an effort to keep the United Kingdom together expected to complicate the picture. It remains to be seen whether, despite the Scottish vote, investors will now require a greater risk premium to hold UK assets. *Scotland stays in UK, but Britain faces change.» Read More
NEW YORK, April 9- Energy companies are mounting a last-ditch effort to prevent the Federal Reserve from cracking down on physical commodity trading by major Wall Street banks, saying more restriction may further damage liquidity and raise hedging costs.
MOSCOW, March 31- Russia's largest privately owned financial group, Alfa Group, said instability in Ukraine was hurting its financial position and estimated its exposure to the neighbouring country at $781 million.
*Joins rival UniCredit in cleaning up balance sheet ahead of EU review. MILAN, March 28- Intesa Sanpaolo, Italy's biggest retail bank, posted a surprise net loss of 4.55 billion euros on Friday due to heavy writedowns on bad loans and impairments on some units, but said it was now on course to rebuild profits.
LONDON, March 27- Spanish, Italian and Portuguese bond yields hit multi-year lows on Thursday, with speculation about further European Central Bank monetary policy easing prompting investors to seek the bigger returns offered by lower-rated assets.
*HSBC to review Bank of Cyprus restructuring options. *Bank of Cyprus looks at bonds to repay c. bank funds. NICOSIA, March 25- Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a "bad bank", chief executive John Hourican said.
Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.
The stock market is bolstered by the strength of corporate balance sheets, said Cantor Fitzgerald CEO Shawn Matthews Tuesday on "Squawk on the Street."
Kraft Foods Group said fourth-quarter revenue likely declined about 11 percent from a year earlier due to reductions in trade inventories, but raised its forecast for 2013.
Chris Wheeler, bank analyst at Mediobanca, tells CNBC that the big question is what state the balance sheets of European banks are in.
Ashok Shah, CIO at London and Capital, tells CNBC that banks have been given a ¿free lunch¿ borrowing at very low cost in order to boost their profitability.
The U.S. economy is on the mend and has been getting better, but JPMorgan CEO Jamie Dimon said chief executives he has spoken to have told him they are already making decisions to protect their companies from a looming "fiscal cliff."
Thanks to the Federal Reserve, Jamie Dimon and the Obama administration, the U.S. economy is “bleeding”, John McCain, the Republican Senator from Arizona and former presidential candidate, told CNBC.
Sheila Bair, former FDIC chair, says stress tests are good, but they cannot substitute capital rules. She also explains why money market funds remain at risk and require more oversight, with CNBC's Maria Bartiromo.
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Looking for a euro-dollar trading strategy among the torrent of European news reports? Here's an idea.
Bill Gross, Pimco Co-CIO & founder, explains there is a misconception that Pimco is short US Treasuries. Investors can find pristine balance sheets in countries like Canada, he adds.