ECB to loan €1tn to help EU banks
Monday 16 Jan 2012 | Karina Whalley
The European Central Bank is expected to shell out over a trillion euros in total to struggling eurozone banks next month, more than doubling its previous lifeline to lenders.
BBA: Five priorities for the EU
Monday 16 Jan 2012 | Angela Knight
EU policymakers have five pressing priorities but should not be making unrelated changes on financial regulation to the Treaty, says Angela Knight, chief executive of the British Bankers’ Association.
Barnier hits out at S&P; downgrades
Monday 16 Jan 2012 | [email protected] Internal market commissioner Michel Barnier has panned the timing of Standard & Poor’s move to downgrade the credit ratings of nine eurozone countries.
Fed to name banks affected by regs
Monday 16 Jan 2012 | Karina Whalley
The US Federal Reserve Board has announced it will include a statement outlining which banks are affected by each regulatory proposal or final rule.
France downgrade a ‘major development’
Friday 13 Jan 2012 | [email protected] A heavily-rumoured downgrade of France’s AAA credit rating could test the entire resolve of the euro currency, foreign currency firm Caxton FX has warned.
ECB: Tentative signs of euro stabilising
Thursday 12 Jan 2012 | [email protected] The European Central Bank has declared that Europe is finally showing tentative signs of stabilising, though the economic outlook still remains highly uncertain.
Hungary threatened on budget deficit
Wednesday 11 Jan 2012 | [email protected] Hungary could lose access to EU funds aimed to develop its economy after the European Commission found it took “no effective action” to trim its budget deficit.
EC may take action on Hungary bank law
Wednesday 11 Jan 2012 | [email protected] The European Commission says that Hungary’s recent constitutional changes including the restructuring of its central bank could violate EU law which it “stands ready” to uphold.
WEF: World faces economic ‘dystopia’
Wednesday 11 Jan 2012 | [email protected] A series of fiscal, demographic and societal risks threaten to precipitate a downward spiral of the global economy fuelled by protectionism, nationalism and populism, the World Economic Forum has warned.
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