The French are crying foul.
European banks rose, led by lenders in Italy, Spain and Greece, as the European Central Bank took steps to reinvigorate the economy by encouraging lending.
European banks pledged last year to cut more than $1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they’ve grown only fatter.
Barclays Plc is planning to move its commodities division into a so-called bad bank of unwanted assets and units to be overseen by Eric Bommensath, according to a person familiar with the plan.
A surge in Spanish banks shows investors are betting the nation’s 3.4 trillion-euro ($4.5 trillion) financial industry is beginning to heal.
Simon Maughan, an analyst at MF Global, talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com.
European banks are being forced to sell more long-term bonds as regulators seek to prevent another financial crisis. European insurers say their own regulator will stop them from buying such debt.
Banco Santander SA Chairman Emilio Botin judged Javier Marin ready to run Spain’s largest bank. Now Marin has to prove himself to investors.
Oswald Gruebel and Brady Dougan , once colleagues and now heads of rival UBS AG and Credit Suisse Group AG, are clashing over contingent convertible bonds -- a dispute that reveals how much UBS stands to lose.
"When you see a piece of news that looks like stress you just sell."
- Simon Maughan on Jul 14, 2014
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