Fitch ratings agency says Greece's credit grade will remain low even after its debt load is cut as part of a European plan to fight the financial crisis.
Austrian bank Erste announced on Friday that it had drastically reduced its credit default swaps (CDS) portfolio and that it would close it by the end of the year, after valuing it based on what it would be worth in the market - known as marking to market - earlier in the month.
If you can glance away from the mess in Europe, you'll notice some currency-moving issues starting to simmer.
Spain's debt rating is cut, the G20 is all about Europe, but the sun in shining in Singapore — it's time for your FX Fix.
Moody's said Friday it put Belgium's Aa1 local and foreign currency government bond ratings on review for possible downgrade.
Today's nonfarm payroll report gave investors reason to hope. Here's how to use currencies to trade on a possible near-term economic recovery.
Moody's said it's reviewing its credit ratings for Ford and GM after the auto makers reached a labor agreement with the United Auto Workers union.
Sanford Bernstein lowered its price targets for two major banks. Goldman's target was decreased to $180 from $205, and Morgan Stanley got its target lowered to $30 from $35. Brad Hintz, the analyst who made the call at Sanford Bernstein, discusses his reasoning.
Senior BNP Paribas executives are to tour the Middle East in coming days in an attempt to raise fresh capital and shore up confidence in France’s biggest bank. The FT reports.
The storm of dire news from Europe is hurting risk-on currencies. Here's how to trade the cautious sentiment.
Italy gets a downgrade and riskier currencies get a haircut - it's time for your FX Fix.
Goldman Sachs Group is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year.
The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.
Moody's Investors Service said on Wednesday that it downgraded the credit ratings of Societe Generale and Credit Agricole, marking the latest in a series of blows to French banks that have recently punished European stocks.
Everybody's worried about the euro zone, but Turkey gets some good news — it's time for your FX Fix.
Greece's problems are scaring everybody in the euro zone, but the Bulgarians still want in - it's time for your FX Fix.
Greece is unable to repay its debts, according to Richard Bove, banking analyst at Rochdale Securities, and given that the euro zone banking system has yet to mark sovereign debt holdings to market, many banks will be forced to raise new capital.
With all the action on the Continent, the British pound has been out of the spotlight. It's time for a look — and you might not like it.
The United Kingdom should lose its AAA credit rating and be cut by four notches to A+, according to analysts at Danske Bank in Copenhagen.