Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?» Read More
STOCK MARKET AND BOARD MEETINGS ITALY- Ex-dividend: Banca Ifis 0.37 euro per ordinary share; Banca Popolare di Sondrio 0.033 euro per share; Banca Profilo 0.002 euro per share; B&C Speakers 0.28 euro per share; CAD IT 0.30 euro per share; Conafi Prestito 0.06 euro per share; Credito Bergamasco 0.55 euro per share; Elica 0.237 euro per share; Esprinet 0.089 euro per ordinary share; Gruppo MutuiOnline 0.05 euro per share as ordinary dividend and 0.07 euro per share as extraordinary dividend; Save 0.43672 euro per share; Valsoia 0.170 euro per share.
*Banco Popolare: Deutsche Bank cuts target price to 1.40 euros from 1.60 euros; rating hold. *UBI Banca: Deutsche Bank cuts target price to 2.90 euros from 3.10 euros; rating hold. Reuters Station users, click. 1580.
*UBI Banca: Exane BNP Paribas cuts price target to 3.5 euros from. *Banco Popolare: Exane BNP Paribas cuts price target to 1.7 euros. *Credito Emiliano: Exane BNP Paribas cits price target to 4.7 euros.
Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout.
There is serious damage accumulating in European banks, yet at least for today, Cyprus isn't all to blame.
The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.
Bank stocks held European shares below 4-1/2 years highs on Monday, depressed by a worsening outlook for Italy's public finances.
European shares inched higher on Wednesday, with a key index moving back towards a near two-year high hit recently.
European shares closed higher on Tuesday after a survey showed a sharp improvement in German investor and analyst sentiment.