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  • The ECB Will Have to Print Money: Strategist Tuesday, 12 May 2009 | 8:14 AM ET

    The European Central Bank will have to print and sell euros in the currency markets to alleviate the pain the strong single currency is causing to the euro zone, David Bloom, global head of foreign exchange strategy at HSBC told CNBC Tuesday.

  • Danske Bank Does Not Need To Raise Capital: Analyst Monday, 11 May 2009 | 7:04 AM ET

    Danske Bank has access to fresh capital if economic conditions worsen, as recent commitments for a loan from the government would provide it with enough of a cushion, an analyst with financial services investment bank KBW told CNBC.com Monday.

  • Economists Plead for Lower Euro Rates Friday, 1 May 2009 | 8:18 AM ET

    The European Central Bank Shadow Council said it saw no need to set an interest rate floor at 1 percent, smashing official ECB proposals to prevent the rate from reaching 0 percent.

  • Erste Bank Profit Falls, Reassures on E. Europe Thursday, 30 Apr 2009 | 6:12 AM ET

    Austrian bank Erste Group sought Thursday to dampen fears that it faces heavy losses in Eastern Europe as it reported a 26 percent fall in first-quarter net profit as provisions for bad loans increased.

  • Swine Flu Could Push Oil Lower: Analyst Wednesday, 29 Apr 2009 | 4:49 AM ET

    Swine flu could affect commodities prices, especially oil, as demand may shrink on fears of a further economic slump because of a worldwide epidemic, Eugen Weinberg, senior commodity analyst at Commerzbank, told CNBC.

  • Bonds Show 'Terrifying' Economic Weakness: Hendry Tuesday, 28 Apr 2009 | 9:18 AM ET

    The recent rise in stocks and talk about green shoots in the markets are optimistic assumptions, as the world downturn "still has a way to run," Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC Tuesday.

  • Hendry: Why the Fed Is My Friend and Buffett Is Wrong Tuesday, 28 Apr 2009 | 6:03 AM ET

    "As the Fed and the BOE have become more sane by printing money the so called gurus like Soros and Buffett suffer a deficit of sanity. They are saying the actions of these central banks will lead to inflation. I contest that," Hugh Hendry told CNBC.

  • Swedbank Posts Loss Because of Baltic Exposure Thursday, 23 Apr 2009 | 4:27 AM ET

    Swedish bank Swedbank reported Thursday a first-quarter net loss, disappointing analysts' expectations for a profit, due to large provisions for loan losses in its hard-hit Baltic operations.

  • Can the East Really Sink the European Union@f1 Friday, 10 Apr 2009 | 1:33 AM ET

    The once-booming CEE is stealing the limelight again but this time for less palatable reasons. As one analyst put it, "Eastern Europe's problem is a greater weight on the Western European nations than the subprime is in the United States."

  • Banks' Toxic Debts Could Hit $4 Trillion: Report Tuesday, 7 Apr 2009 | 3:58 AM ET
    Financial Woes

    Toxic debts racked up by banks and insurers could spiral to $4 trillion, new forecasts from the International Monetary Fund are set to suggest, British daily The Times reported on its website without citing sources.

  • Soros: Dollar Will Remain Reserve Currency Friday, 3 Apr 2009 | 4:38 AM ET

    The US dollar will remain the world's reserve currency for a while and it is probable that the world economy will start growing next year, with China, Brazil and India among the first to bounce back, billionaire investor and currencies expert George Soros told CNBC.

  • Baccardax: G20 Needs to Keep it Real Wednesday, 1 Apr 2009 | 10:12 AM ET

    Why should we pay attention to four-and-a-half hours of debate followed by highly choreographed photo ops and a communiqué that most of us could have cobbled together on the back of a swanky hotel envelope?

  • Norway Has World's Best Currency: Strategist Wednesday, 25 Mar 2009 | 9:27 AM ET

    The Norwegian kroner is "the best currency in the world" and certainly preferable to the US dollar, UK pound and other currencies where governments are practicing quantitative easing, David Bloom, global head of foreign exchange at HSBC, told CNBC Wednesday.

  • Baccardax: The (US)A — to — Z(EW) of Recovery Tuesday, 17 Mar 2009 | 9:27 AM ET

    Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.

  • Treasurys Are 'Disaster Waiting to Happen': Dr. Doom Tuesday, 17 Mar 2009 | 5:49 AM ET

    The Federal Reserve has no option but to start buying Treasurys as the government's needs for financing are huge, but the government bond market is a disaster in the making, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC.

  • Big European Banks Benefit from AIG Bailout Monday, 16 Mar 2009 | 6:52 AM ET

    With AIG set to pay $165 million in bonuses to workers at the unit that nearly brought it down, the list of the insurer's counterparties shows that big European banks were among the top beneficiaries of the taxpayer-financed bailout.

  • AIG Counterparties — Full List Monday, 16 Mar 2009 | 4:39 AM ET

    AIG, the insurance giant that received taxpayer-funded bailouts worth $173 billion and sparked a political storm with its plans to pay $165 million in bonuses, revealed the list of its counterparties.

  • I'm Short Stocks, Buying Dollars: Hugh Hendry Wednesday, 11 Mar 2009 | 9:44 AM ET

    The stock market is still an unsafe place for investors as quantitative easing, by which central banks boost the supply of money attempting to kick-start economies, is unlikely to work, Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC.

  • Baccardax: Viewers Sound Off on On-Air Spat Wednesday, 11 Mar 2009 | 9:07 AM ET

    We might have strayed a bit from the rulebook on a good dinner party this morning as we sat back and watched hedge fund manager Hugh Hendry of Eclectica lock horns with Liam Halligan, the chief economist at Prosperity Capital and maverick columnist for the UK’s Telegraph newspaper.

  • Baccardax: The Real Nationalized Banks Monday, 9 Mar 2009 | 9:36 AM ET

    Acres of forest have gone to the blade while the mainstream media has debated the issue of bank nationalization, but few if any seem to be prepared to address what seems obvious: the most important banks are already under government control.