European shares reaccelerated losses on Friday afternoon to close the week lower, despite a weak employment report from the U.S.» Read More
LONDON, Aug 19- Europe's banks have done the heavy-lifting in the toughest ever test of their financial strength, but an intensive quality assurance process and decisions still to be taken by supervisors means they can't work out how they've fared.
LONDON, July 29- U.S. billionaire Wilbur Ross said on Tuesday that he will take a "significant" portion of the 1 billion euros worth of new shares being sold by Bank of Cyprus but that the complexities of the deal made it impossible to say how much at this point.
*Bank of Cyprus raises 1 bln euros from EU, US investors. LONDON/ NICOSIA, July 29- Bank of Cyprus, which has just raised 1 billion euros from investors, plans to sell up to 1 billion euros in bonds in September, chief executive John Hourican said, a move that would mark a rehabilitation of the euro zone's first bank to recapitalise using depositors' cash.
NICOSIA, July 28- Bank of Cyprus, the Cypriot lender that recapitalised by seizing its clients' deposits last year, said it had raised 1 billion euros in a private placement on Monday, drawing in investors from the United States and Russia as well as from an EU-controlled bank.
U.S. billionaire Wilbur Ross praises Greece, Spain and Ireland, but warned it was still too early to invest in Italy.
European shares closed mixed on Tuesday, after the German benchmark DAX hit an all-time high.
*Bank of Ireland shares down 3.2 percent. LONDON/ DUBLIN, June 10- U.S. billionaire Wilbur Ross sold his entire shareholding in Bank of Ireland for almost half a billion euros on Tuesday, to almost triple the value of a shrewd investment made at the height of the euro zone crisis.
*Bank of Ireland shares down 2.8 percent. LONDON/ DUBLIN, June 10- The sale by billionaire investor Wilbur Ross of his entire shareholding in Bank of Ireland was priced at 0.265 euros a share, Deutsche Bank, the placing's bookrunner, said in a statement. Deutsche Bank acted as sole bookrunner on the placement of Ross's 1.8 billion shares.
*FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.2 pct. *Bank of Ireland sinks as Wilbur Ross sells stake. The pan-European FTSEurofirst 300 index was down 0.1 percent at 1,392.02 points at 0726 GMT, with the euro zone's blue-chip Euro STOXX 50 index down 0.2 percent at 3,299.54 points.
LONDON, June 10- European stocks paused early on Tuesday after a three-day winning streak fueled by a package of measures from the European Central Bank, with a key regional index seen as overbought on a technical basis.
LONDON, June 10- The sale by billionaire investor Wilbur Ross of his entire shareholding in Bank of Ireland was priced at 0.265 euros a share on Tuesday, a source familiar with the transaction said.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Rossa White, chief economist at NTMA, discusses the turnaround in the Irish economy.
Ireland's Taoiseach Enda Kenny, says the country has regained credibility with investors as bond yields have dropped dramatically.
April 29- Ratings agency Standard& Poors said it has downgraded 15 European banks, including Barclays Credit Suisse and Deutsche Bank, after European lawmakers agreed on a framework that prevents governments from having to bail out troubled banks. The banks, many of which are systemically important, also included ABN AMRO, Bank Of Ireland and ING Bank.
*ROE in 2013 was 6.6 percent across top European quoted banks. *Bank ROE level about 40 pct of wider market returns. LONDON, April 17- Europe's largest banks are generating a poor return on their capital, well below their post-crisis targets, as muted credit growth slows their recovery and progress on costs is swallowed by unexpectedly high loan losses.
*Biggest falls at UBS, Deutsche Bank, Barclays and Lloyds. LONDON, April 16- Europe's top 30 banks cut assets by 2 trillion euros last year and are set to cut them again in 2014 as regulatory pressure prompts investment banks to shrink and retail banks sell some of their loans into a rising market.
LONDON, April 15- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
LONDON, April 13- Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.
Wilbur Ross says there is continued opportunity in Europe's financial sector.