ECB cautions against speculation over the outcome of its stress tests after a report on failed health checks.» Read More
*One named bank- Austria's Erste- denies report. MADRID/ VIENNA, Oct 22- The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish...
MADRID/ VIENNA, Oct 22- Austria's Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank's landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but...
FRANKFURT, Sept 18- The European Central Bank saw far less demand than expected on Thursday for its new four-year loans to banks, raising doubts about a stimulus package it hopes will stave off deflation and revive the euro zone economy.
MADRID, Sept 10- Emilio Botin, patriarch of one of Europe's top corporate dynasties who died on Tuesday at 79, was credited with turning a local Spanish lender into one of the world's biggest banks and helping to drive Spain's remarkable economic growth of the 1990 s.
LONDON, Sept 10- Some European banks being checked by regulators for signs of capital weakness may be sitting on up to a trillion dollars of potentially unsafe assets because their holdings of sovereign bonds are not being fully risk assessed, a new study has found.
*Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. Tensions between the West and Russia and the advance of Sunni militants in Iraq have alarmed investors already weighing the implications of weak European economic data and the prospect of U.S. monetary tightening.
*Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. London- listed oil producer Afren said it had suspended output at its Barda Rash oilfield, the first to shut in Iraqi Kurdistan.
*Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. President Barack Obama authorized air strikes in Iraq.
*Afren sinks after suspends output from Kurdistan. *Nokian Renkaat hit by plummeting sales in Russia. *Monte dei Paschi falls after results.
LISBON/ LONDON, July 31- Portugal's hopes of drawing a line under the financial and governance troubles of Banco Espirito Santo were dashed on Thursday as investors took fright at massive losses and revelations of potential illegal activity at the country's largest listed bank.
European shares closed lower on Wednesday, having failed to find any real momentum during the session.
Monte dei Paschi's Deputy CEO said he is optimistic that its massive rights issue will be enough to bolster the troubled lender's finances.
European shares started the week on a positive note, closing higher, as U.S. stocks advanced near record high territory.
European shares closed lower on Wednesday as investors reacted to a slew of earnings news and data released in the euro zone.
ABN Amro broke most banking stereotypes when its chairman dressed up in drag and masqueraded as a brothel owner at a corporate event.
A delay to vital fundraising at Banca Monte dei Paschi di Siena has increased the risk that the bank has to be nationalized.
The top investor in Banca Monte dei Paschi di Siena looked set to force a delay in a 3-billion euro capital hike the Italian lender needs to carry out.
European equities closed higher for a fourth consecutive session on Monday, as upbeat U.S. sentiment data buoyed investors' spirits.
European equities closed higher on Monday, still posting gains after a rally on U.S. jobs data last Friday.
The board of troubled Italian lender Banca Monte dei Paschi di Siena has approved a rights issue of up to $4.1 billion.