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Banking Crisis Strikes Europe - CNBC Special Report - CNBC Europe

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    Stocks Surge on EU's Bailout, But How Long Will Rally Last?

    Doubts about Europe's $1 trillion bailout prompted many experts to question whether the market rally will be short-lived as well.

  • The European Debt Crisis - See Complete Coverage
    Yoshikami: Stress Tests? No Not Really

    After a highly anticipated week of leaks and rumors over how many, and which banks, will pass or fail the "stress test", the results are in. Only seven of 91 European banks flunked. Such a surprise... well, not really.

  • Battle at the BoE for King?
    Battle at the BoE for King?   

    A sharp divide has been revealed between Bank of England Governor Mervyn King and the majority of his policy makers. George Buckley from Deutsche Bank considers the outlook.

  • Busch: Stress Tests Watered Down

    The over-under for the European bank stress tests are 12 out of 91 fail the tests and need capital injections. Unlike the US stress tests, the European tests didn’t tell us the metrics or guidelines before the tests were run. This has generated uncertainty over exactly how these banks are going to perform.

  • Farrell: Getting Stressed Over Europe's Stress Test

    No way only 7 of 91 European banks could pass a real stress test. No way could only €3.5 billion in new capital be needed. When the US tested 19 banks a little while ago, 10 were found to be deficient, and $75 billion in new capital had to be raised. It's ok if everyone at MIT passes every test.

  • ICBC First-Half Results Beat Forecasts
    ICBC First-Half Results Beat Forecasts   

    The world's biggest lender by market value ICBC's first-half results beat expectations Thursday, reporting a profit of $9.7 billion. "The Chinese banks are the most popular banks in the world right now," Peter Hoflich from The Asian Banker said.

  • Investors Drawn to Rallying European Banks

    Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?

  • Banks Back on Track?
    Banks Back on Track?   

    Many banking stocks have had the worst-case scenario priced in and that really hasn't been the case, Robert Pavlik from Banyan Partners told CNBC Thursday. Pavlik discusses the outlook for the banking sector.

  • UK July Retail Sales Hit 14-Month High
    UK July Retail Sales Hit 14-Month High   

    We had a good Easter and better weather which contributed to most retailers reporting good figures, Elissa Bayer from Charles Stanley said Thursday. "But the retailers have been discounting like mad. Even the autumn stuff coming in is highly discounted."

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    EU Regulators Planning More Robust Stress Tests

    European banking regulators are preparing to introduce a “near fail” category into the new stress test process as part of a mechanism to force recapitalizations on weaker banks, the Financial Times reported.

  • Mixed Economic Data Out of Britain
    Mixed Economic Data Out of Britain   

    UK July retail sales hit a 14-month high while government borrowing posted a record deficit for the month. Alan Clarke from BNP Paribas said it was encouraging for the bond market that there was the dissent among Bank of England members, as it suggests the BoE can increase its quantitative easing program again.

  • Since the beginning of the credit crunch in August, 2007, a total of 14 banks have closed their doors, according to the Federal Deposit Insurance Corporation. This year alone, 12 banks have gone under. Take a look at the failures of 2008 (in chronological order), as measured by total assets and the cost to the FDIC’s deposit insurance fund, aka taxpayers. >>
    Bank Failures in 2008

    Take a look at the failures of 2008 as measured by total assets and the cost to the FDIC’s deposit insurance fund.

  • Lehman Brothers' chapter 11 bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court, based on pre-bankruptcy assets. >
    Largest US Bankruptcies

    Lehman Brothers' bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court.

  • Hasty takeovers, government bailouts, bankruptcy filings, CEO ousters and lots of interest rate cuts. Together, they've provided plenty of controversy and second-guessing during the year-long financial crisis. Click ahead for the big events of the big bust.
    Credit Crunch Timeline

    Hasty takeovers, government bailouts, bankruptcy filings, CEO ousters and lots of interest rate cuts. Click for the big events of the big bust.

  • For more than a year now, the credit crunch has whipsawed financial markets, reshaped the financial services industry and taken a big bite out of US economic growth. The US government has taken a number of dramatic steps--both conventional and extraordinary -- to try to remedy the problem. Take a look at what was done.
    Battling The Credit Crunch

    The US government has taken a number of dramatic steps—both conventional and extraordinary—to try to remedy the problem. Take a look at what's been done.

  • Global Market Selloff : How Low Did We Go?
    Global Market Selloff: How Low Did We Go

    Stock markets around the globe suffered dramatically during the week ending October 10th but how bad was it really? Here are the numbers.

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    Central Bankers to Blame for Crisis: Author

    Central bankers are to blame for the current financial crisis, according to Andrew Smithers, author of "Wall Street Revalued" and founder of Smithers & Company. He suggests they employ different policies so further crises will be prevented.

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  • Did Flaws in the Democratic System Cause the Financial Crisis?

    Contrary to popular belief, bankers and politicians are not to blame for the financial crisis. Rather, it’s systemic flaws in the very nature of democracy that allowed financial imbalances to take root.

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