What is historically the worst month for stocks may turn out to be the third quarter's best month for traders.» Read More
SOFIA, July 11- Bulgaria is to allow its fourth-biggest lender to collapse and will hive off its healthy activities into a separate bank as it moves to clear up the mess from the country's worst financial scandal since the 1990 s.
The more I look into Wells Fargo's quarter, the more I like it, says Anthony Polini, Raymond James, breaking down the big bank's quarterly numbers.
*Central Bank outlines two possible leverage ratio supplements. LONDON, July 11- The Bank of England proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis.
CNBC's Steve Sedgwick reports European shares pared losses as Banco Espirito Santo seeks to calm concerns over its capital position.
Wells Fargo posted quarterly earnings that met expectations Friday, while revenue exceeded Wall Street estimates.
*Portugal's top index rallies 1 percent after Thursday's slump. LONDON/ EDINBURGH, July 11- European shares rose on Friday as banks and southern European shares rallied once investors decided concern over Portugal's biggest listed bank was unlikely to spread.
Jurrien Timmer, Fidelity Investments, and Steve Miller, AIG non-executive chairman, provide perspective on what would likely relieve the global economic malaise. Also Timmer shares his outlook on the markets.
Europe shares regain footing and Portugal shares post gains, reports CNBC's Karen Tso, with the latest update on Portugal's Banco Espirito Santo.
Patrick Chovanec, Silvercrest Asset Management, and Bruce Kasman, JPMorgan chief economist, share their outlook on the markets and economy. Also Kasman weighs in on Portugal's bank problems and explains why he thinks there's not a systemic threat in Europe.
Mark Grant, Southwest Securities, explains why the Portuguese bank crisis may spread to Brazil and Italy, but will not be a disaster for U.S. markets.
SOFIA, July 11- Bulgaria will strip Corporate Commercial Bank of its license and alert prosecutors to possible malpractice at the lender, the central bank said.
Portugal's bank woes raise concerns of another EU crisis, reports CNBC's Steve Sedgwick.
Portugal's banking sector has gone through a transformative intervention, making its risk to Europe's banking system small, Antonio Roldan Mones, Portugal analyst at Eurasia Group.
SOFIA, July 11- Bulgaria will strip Corporate Commercial Bank of its license, transfer its good assets and liabilities to a unit of the lender and alert prosecutors to possible malpractice at Corpbank, the central bank said.
LONDON, July 11- The Bank of England said on Friday that big British banks and lenders might need to set aside more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis. Such a supplement would effectively cover the bulk of Britain's banks.
Alberto Gallo, head of European macro credit research at RBS, says Banco Espirito Santo has capital problems not solvency issues.
Pedro Santana Lopes, former Portuguese Prime Minister, says Banco Espirito Santo has a "good solvency situation" but the family behind the lender has questions to answer.
Pedro Santana Lopes, former Portuguese Prime Minister, says the government will not pay for Banco Espirito Santo.
Otto Dichtl, managing director at Stifel Nicolaus, says there are "question marks" around the amount of capital Banco Espirito Santo has, but the lender is unlikely to default.
Edward Hugh, an independent economist, says the euro zone debt crisis has not returned but the issues in Portugal are a "warning shot" that it might be back soon.
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