European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.» Read More
LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. Europe had gained credibility, said Karen Petrou, co-founder of Federal Financial Analytics in Washington. Federal Reserve was still...
LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 firms would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019,...
*Expectations for a "big bang" style revamp not high in Europe. *Market expects a handful of failures from Europe's stress tests. But expectations for a "big bang"- style restructuring of the banking sector are low, given the political sensitivities at play, and instead the market is factoring in just a handful of failures out of the 130 banks set to be tested, with a few...
*ECB bank test results due to be made public at 1100 GMT Sunday. LONDON/ FRANKFURT, Oct 23- The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector. They will not be made public until 1100 GMT on...
*ECB bank test results due at 1100 GMT Sunday. LONDON/ FRANKFURT, Oct 23- At around noon on Thursday, the euro zone's 130 biggest banks will receive the European Central Bank's final verdict on their finances after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector. They will not be made public until 1100 GMT on...
ROME/ FRANKFURT, Sept 25- The European Union's markets watchdog has warned banks they must investigate any rumours about how they have fared in the European Central Bank's banking sector health check, sources familiar with the matter told Reuters.
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.
European shares reaccelerated losses on Friday afternoon to close the week lower, despite a weak employment report from the U.S.
Bank of Ireland has made a profit for the first time since the Irish property market collapsed ignominiously in 2008.
Richie Boucher, CEO of Bank of Ireland, says valuations of assets in the Irish economy have not gone too far and a recovery in the country is underway.
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.
Michael Aronstein of MainStay Marketfield Fund criticized Fed policy but said he had increased stock exposure.
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.
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.
Wilbur Ross says there is continued opportunity in Europe's financial sector.