BRUSSELS, Dec 11- Bondholders and large depositors in a failing bank could face losses as early as 2016 if Germany succeeds in accelerating tough new European rules to spare taxpayers from further bailouts.» Read More
Italy's president, Giorgio Napolitano, told CNBC the euro zone's third-largest economy was in no danger of going the way of Portugal and Ireland and seek a financial bailout.
Regulators should include more than 80 banks in their list of global financial institutions of systemic importance that need tighter regulation and higher capital requirements, Douglas Flint, chairman of HSBC, has urged, reports the Financial Times.
Will the euro zone survive its crisis? That was the question I raised three weeks ago. My answer was: yes. My argument was that economic self-interest and political will would combine to preserve the common currency, in spite of the difficulties, Martin Wolf from the Financial Times writes.
Discussing the Senate Banking Committee convening to hear proposals on the future of America's troubled housing finance system, with Joseph Murin, Government National Mortgage Association (Ginnie Mae) former president.
What do you do when the ugly get uglier and you are looking for a profit in the currency markets?
Like stocks, the euro has so far this year shrugged off the so-called wall of worry. Concerns that the likes of Greece, Ireland or Portugal could default have not led to euro losses.
In the months after Bill Clinton received the same kind of electoral drubbing meted out to Barack Obama in November, he used to measure his political standing by the number of Republicans getting ready to run against him, reports the Financial Times.
Greg Fleming, Morgan Stanley Investment Management president, gives investors his best strategies for boosting portfolio performance now. Plus, his take on Europe's ongoing sovereign debt challenges.
The heavy and humiliating defeat for German Chancellor Angela Merkel's collation in regional elections on Sunday is unlikely to derail parliamentary support for euro zone rescue measures but may bring uncertainty in financial markets, according to an analysis by Barclays Capital.
Unilever is set to become the first European multinational to launch an offshore renminbi-denominated “dim sum” bond when it raises Rmb300 million ($46 million) from institutional investors in Hong Kong on Monday, bankers say, reports the Financial Times.
Some of the world’s largest hedge funds and private equity groups have held talks with Spain’s troubled savings banks as they rush to secure €15 billion ($21.3 billion) in new capital to avoid a state bail-out, Financial Times reports.
Attempts by Germany to renegotiate the structure of the European Stability Mechanism (ESM) just as markets believed things had been settled at the meeting of euro zone leaders last week are an "ominous sign," Simon Derrick, the head of research at Bank of New York Mellon, wrote in a market note.
The euro does not have a stable basis even after the "Pact of the euro" agreed by leaders of the member states, Thomas Mayer, chief economist at Germany's biggest lender Deutsche Bank, told CNBC Thursday.
"Crito, we owe a rooster to Asclepius. Please, don't forget to pay the debt." According to Plato, these were the last words of the Greek philosopher Socrates, following his decision to drink poison rather than try and pay off the guards and escape from prison.
This was pegged as the summit to end all summits; the end of the euro-zone debt crisis; a clear road map for the future.
German Chancellor Angela Merkel has deeply strained relations with allies in the European Union and the NATO alliance, raising new questions about Germany’s ability to play a global role in foreign policy, the New York Times reports.
The events in Europe are finally coming to a head, David Albrycht, executive managing director and portfolio manager of Virtus Investment Partners, told CNBC on Wednesday.
Portugal is at a crossroads that will determine whether it needs to go cap in hand to the European Union's rescue fund for support, according to Barclays Capital.
The German public opinion is increasingly against the idea of paying to save the weaker euro zone periphery member countries, Erik Nielsen, chief European economist at Goldman Sachs, told CNBC.
With Portugal’s main opposition Social Democrats (PSD) announcing they will vote Wednesday against a raft of new austerity measures proposed by Prime Minister Jose Socrates, analysts expect the country will have no choice but to seek a bailout from Europe.