Tag: European Banks

• Wednesday, February 20th 2019 - 10:01 UTC

  Europe's biggest bank slower profits blamed on tepid growth in China and UK

  

  HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing.

• Saturday, August 9th 2014 - 06:49 UTC

  ECB to make more transparent European banks quality and potential litigations

  

  The European Central Bank will consider the impact of future lawsuits and fines in its review of whether the Euro zone's 131 most important lenders have enough capital to withstand another recession.

• Friday, July 4th 2014 - 06:50 UTC

  Draghi pledges monetary stimuli to revive the economy and avoid deflation

  

  European Central Bank president Mario Draghi reiterated on Thursday that he'll keep interest rates low as officials try to revive the region's economy with a new round of emergency measures.

• Friday, December 9th 2011 - 06:58 UTC

  European banks must increase capitalization to 114.7bn Euros by next June

  

  Europe's banks must increase their capital by 114.7 billion Euros, more than predicted two months ago, to make them strong enough to withstand the Euro zone debt crisis and restore investor confidence, Europe's banking watchdog said.

• Monday, October 17th 2011 - 17:46 UTC

  Europe’ watchdog raps EU banks for lack of transparency and disclosure

  

  Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said on Monday.

• Friday, September 23rd 2011 - 23:12 UTC

  European banks have already received 420 billion Euros, reveals EC

  

  “The recapitalization of European banks is something that is ongoing, it is something that is already happening,” Commission spokesman Olivier Bailly told a regular briefing.

• Friday, September 23rd 2011 - 07:33 UTC

  Greek default would expose European banks in 300 billion Euros

  

  History's first sovereign default came in the 4th century BC, committed by 10 Greek municipalities. There was one creditor: the temple of Delos, Apollo's mythical birthplace.