European shares closed narrowly lower on Tuesday, with global markets cautious amid ongoing worries the Federal Reserve may taper its bond purchase program.» Read More
LONDON, May 16- A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.
*Bankers see more deals coming out of Egypt, Turkey. That strategy underwent an abrupt shift late in 2012 when the bank agreed to buy the Egyptian operations of French lender BNP Paribas for $500 million, securing a foothold in Egypt and diversifying a business hit hard by debt problems at the Dubai state-linked firms it banked heavily.
ATHENS, Feb 13- Greece's biggest lender National Bank of Greece on Wednesday said it would cut up to 2,000 jobs, or about 15 percent of its workforce, to generate savings from its acquisition of smaller rival Eurobank. They will be completed by March and will only affect National Bank employees, said a bank executive who declined to be named.
*Growth outlook for Greece, Portugal, Ireland cut. LONDON, Jan 16- Spain, Greece and Portugal face a tougher 2013 than previously thought, while the outlook for growth in Ireland, the only bright spot among the euro zone's most vulnerable economies, was cut for the first time in nearly a year.