Europe's largest banks cut their staff by another 3.5 percent last year» Read More
*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.
*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.
*Portugal leads risers as sovereign yields fall to 4- year lows. LONDON, March 11- European shares steadied after a two-day slide on Tuesday, with concerns over the Ukraine crisis sapping appetite for risk, although Portuguese stocks outperformed on mounting bets for a turnaround in the country's finances.
LONDON, March 7- For top Morgan Stanley financier Cecile Houlot-Hillary, every day brings pressure in the form of complex loan deals, intense competition and demands from high level clients.
DUBLIN, March 7- Ireland's largest listed companies are confident over half a decade of weak earnings, gloomy outlooks and shrinking dividends are behind them and that the economic upturn under way is sustainable and sensible.
Others, including Britain and the Netherlands, have taken longer. Bankia, Spain's fourth-biggest lender, needed 22.4 billion euros in bail-out funds from Europe and Spain's bank restructuring fund FROB. Britain pumped 66 billion pounds into Royal Bank of Scotland and Lloyds in 2008 and 2009 and provided tens of billions more in liquidity support to the sector.
*Dollar index slides on lower U.S. bond yields. NEW YORK, Feb 25- The dollar fell against a basket of major currencies on Tuesday after soft U.S. consumer confidence data drove bond yields lower, weakening demand for the U.S. currency.
LONDON, Feb 25- The Australian dollar slipped on Tuesday as a fall in China's yuan deepened, reflecting concern over growth and moves by the People's Bank of China to prod the currency lower. The Aussie is the nearest developed world currency to a proxy for growth in China, which takes much of Australia's commodities output.
*China spot yuan drops below guidance rate first time since 2012. LONDON, Feb 25- The Australian dollar fell around a third of a percent on Tuesday, handing back overnight gains as a fall in China's yuan deepened, reflecting concern over growth and moves by the People's Bank of China to prod the currency lower.
*Italy, Spain and Germany next if it succeeds in Ireland. DUBLIN, Feb 20- Wanted- investors willing to pump 100 million euros into a new European bank that picked Ireland as its first market.
*Process gives road signs to Portugal, Greece. DUBLIN, Feb 19- Ireland is the first euro zone country to emerge from a bailout brought on by unsustainable debt, but the long slog of cutting back what it owes is only just starting for its 4.6 million austerity-hit people.
DUBLIN, Feb 11- Ireland is confident its battered banks will pass European Union stress tests later this year and will not require any extra capital, its Finance Minister Michael Noonan said on Tuesday.
*ECB conducts Asset Quality Review for 130 banks. LONDON, Jan 27- The euro zone's grand plan to clean up its banks could falter because the European Central Bank lacks the power to force bankers, constrained by accounting rules, to accept regulators' view of the risks on their books. Estimates of the banks' total capital shortfall have been as high as $1 trillion.
PARIS, Jan 13- European stocks rose in early trade on Monday, adding to last week's gains, led by a rally in banking stocks after regulators agreed to ease the way that a leverage ratio is compiled to avoid squeezing financing for the global economy. Bank of Ireland gained 2.3 percent, Deutsche Bank was up 1.9 percent and BBVA up 1.8 percent.
NEW YORK, Dec 17- A federal judge on Tuesday rejected former SAC Capital Advisors LP portfolio manager Mathew Martoma's request to dismiss some insider trading charges because they were based on transactions not covered under U.S. securities laws.
DUBLIN, Dec 16- Ireland, the first euro zone member to successfully exit its bailout, will return to debt markets with an issue of 10- year paper in early 2014 and may have space to ease austerity in its next budget, its finance minister said.
*BlackBerry well-positioned for the long term growth. LONDON, Dec 4- Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 billion portfolio.