Giuseppe Castagna, CEO of Banca Popolare di Milano, discusses the bank's results and the potential for a merger with other banks.» Read More
European banks stress tests are not as important for investors as the need for Spain to calm down market jitters about its banks, Jim O'Neill, head of global economic research at Goldman Sachs, told CNBC.
The violence in recent Greek protests is not just confined to that country and investors should price in civil unrest brought on by austerity, Philippa Malmgren, president of Principalis Asset Management, told CNBC Wednesday.
The European Central Bank loaned banks 131.9 billion euros ($161.4 billion) at its 3-month lending auction Wednesday, below expectations, sending the euro higher against major currencies.
Investors should position their portfolios for a sharp rally in bond prices because stock and commodity markets are heading for a "cliff-edge," Andrew Roberts, head of European rates strategy at RBS, told CNBC Tuesday.
The credit team at RBS in London are getting very bearish and warning clients to "get ready for the cliff-edge," where prices of stocks and commodities will "collapse." RBS is advising investors to get into maximum long-duration bonds in safe-haven markets. "This means the US, UK and Germany in that order," according to RBS.
Banks in Portugal, Ireland, Greece and Spain account for over two-thirds of the euro area liquidity injections since the middle of 2008, according to new research from RBS Marketplace.
The euro is a very credible currency that has kept its value from its debut and has guaranteed price stability, he said. "A currency that guarantees such stable prices, it's of value in the eyes of domestic and international investors," Trichet said.
The question for the coalition government and the country is whether this moment of courage will go down in history as the moment Britain got back on track or the moment when it fell into a double-dip recession.
As the world’s 20 most powerful politicians prepare to jet out for talks in Toronto, the debate over whether to turn off the taps on stimulus spending continues to rage.
Even though a double dip is unlikely, it might feel like one because the market will stay volatile, Matt McCormick, portfolio manager for Bahl & Gaynor Investment Counsel, told CNBC Tuesday.
The move by China to allow a more flexible exchange rate for its currency shows that the danger of a double-dip recession is remote, Bob Doll, BlackRock vice chairman, told CNBC Monday.
The rebound of Europe's single currency may be jeopardized by reports over the weekend that France and Germany are mulling a two-tier euro zone, ING Bank analysts said Monday.
Governments have intervened too much in free markets since the crisis started, to the point that they are affecting the health of the world economy, Marc Faber, the author of "The Gloom, Boom & Doom Report" told CNBC Thursday.
As European governments promised they will take steps to reduce gaping budget deficits, famous investor Jim Rogers told CNBC he bought the single European currency, as he said he would.
The risk of a double-dip recession is growing, especially in the euro zone, where restructuring Greece's debt is inevitable, famous economist Nouriel Roubini told CNBC Tuesday.
Investors are "clearly overreacting" to the scale of the euro zone crisis, Joaquin Almunia, EU Commissioner for Competition Policy and vice president of the European Commission.
Interest rates in the United States, the euro zone and Britain are going to be left at a record low for a while, despite various noises made by central bankers, David Bloom, head of foreign exchange research at HSBC, told CNBC Monday.
Herman Van Rompuy, president of the European Union, has blamed the strength of the euro in recent years for blinding the eurozone to its underlying fiscal problems. The Financial Times reports.
Rising regulation and economic austerity could produce a toxic mix in 2011. That was the view of many of the bankers that I spoke to last week at the International Institute of Finance spring meeting in Vienna.
Many of the European Union's biggest banks passed Moody's 'stress test' designed to gauge exposure to debt in Greece, Portugal, Spain and Ireland, the rating agency said in a statement Friday.