Europe's largest banks cut their staff by another 3.5 percent last year» Read More
*Stance does not mean deal is off- UAE- based source. ROME, April 17- Etihad Airways has toughened its stance on conditions for investing in Italy's struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said on Thursday.
LONDON, April 17- Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London- based buyout firm Permira in a sale worth about 450 million euros, four sources close to the deal told Reuters.
*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.
*Money printing in U.S., Japan piles pressure on euro. LONDON/ FRANKFURT, April 16- Many of the factors driving the euro exchange rate to levels that have set off alarm. bells at the European Central Bank are unlikely to go away on.
*Corporate governance improving in Italy. MILAN, April 16- Eager to attract foreign investors as it slowly emerges from its longest recession in 70 years, cash-strapped Italy Inc. is taking the first steps to end decades of opaque management and shoddy governance.
*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.
*Indexes breaks losing streak on U.S. data, Citi results. LONDON, April 14- Strong U.S. economic data helped pan-European equity indexes snap a three-day losing streak on Monday but appetite for risk remained muted as the threat of violence between Ukrainian forces and pro- Russia separatists loomed.
*FTSEurofirst 300, Euro STOXX 50 both flat. LONDON, April 14- Cyclical shares weighed on European bourses on Monday as tensions in Ukraine and volatile global markets prompted investors to take a more cautious stance on growth and cash in on some of the best performers of the past nine months.
LONDON, April 14- European equities slipped to a three-week low on Monday, led lower by technology stocks following a sharp U.S. sell-off on the tech-heavy Nasdaq, with tensions in Ukraine prompting investors to shun riskier assets.
PARIS, April 13- Chinese economic growth data this week will offer the clearest indication yet of whether the world's second-largest economy will dodge a "hard landing". The International Monetary Fund warned last week on the risk of a "hard landing" in China.
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.
LONDON, April 11- Europe's top banks shut or sold 5,300 branches last year and the closures are likely to accelerate as customers embrace speedy online banking over traditional face-to-face contact. The figure on closures or sales last year was compiled by Reuters based on year-end statements from 26 of Europe's 30 largest listed banks.
*MSCI World index falls 0.5 pct, MSCI Europe down 1.2 pct. *Sharp sell-off on Wall Street hits global stocks. LONDON, April 11- Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by growing concerns that valuations are over stretched spread to Asia and Europe.
VIENNA, April 11- The head of the Raiffeisen bank in the Austrian province of Upper Austria has threatened to move its headquarters across the border to Germany in a growing row with the government over a bank levy which lenders say is too onerous.
*Sharp sell-off on Wall Street hits global stocks. LONDON, April 11- Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by concerns that valuations are over stretched spread to Asia and Europe.
MILAN, April 10- Italy paid a record-low yield to sell one-year bills on Thursday, as steady demand for its bonds continued to ease the burden of servicing the world's fourth-largest public debt.
By Laura Noonan and Gianluca Semeraro. LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.
LONDON/ MILAN, April 9- The European Central Bank has dismissed the latest appeal by the region's biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters.
With Ukrainian and Western banks closing, Crimea's 2 million people have been forced to deal with a cash economy since Russia annexed the Black Sea peninsula last month- an illustration of the economic obstacles that might lie ahead for a contested region.