EU Approves Aid For Spain, Italy
Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to…
Browsing Tag
European banks
Angel Merkel Still Resists Euro-Area Debt Sharing
Chancellor Angela Merkel hardened her resistance to euro-area debt sharing to resolve the region’s financial…
Moody’s Cuts Credit Ratings Of 28 Spanish Banks
Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain’s largest lenders, were downgraded by…
Spain Officially Requests European Aid
Spain formally requested on Monday European aid of up to 100 billion euros for its banks, the Economy Ministry said…
Italy’s MPS To Sell Biverbanca Stake For €200 Mln
Italy's third-biggest lender, Banca Monte dei Paschi di Siena, has reached a deal to sell its 60 percent stake in a…
Bundesbank Opposes ECB’s Bailout Plan
The Bundesbank (German central bank) opposition to the European Central Bank’s plan to help ailing financial…
4 European Countries Agree On €130 Bln Package To Boost Growth
German Chancellor Angela Merkel resisted pressure for common euro zone bonds or a more flexible use of Europe's…
Deposits Return To Greek Banks After Elections
Deposits are trickling back to Greek banks after a conservative victory in Sunday's election assuaged fears the…
S&P Warns Italy’s MPS Bank From A Rating Cut
Italy's third-largest bank, Monte dei Paschi di Siena, must quickly plug a capital shortfall to fend off the threat…
Spain Pays “Unreasonable” Interest Rates: PM Mariano Rajoy
Prime Minister Mariano Rajoy today said Spain is paying “unreasonable” interest rates because of the country’s high…