Sunday, July 17, 2011

banks set for 'chaos Monday'

The Rumor Mill News Reading Room

Telegraph.co.uk: European stress tests: banks set for 'chaos Monday' after nine fail

Posted By: watcher51445
Date: Sunday, 17-Jul-2011 06:47:27

European stress tests: banks set for 'chaos Monday' after nine fail

European banks are set for a day of “chaos” on Monday as investors and analysts derided the latest round of industry stress tests as “inadequate”.

PIC

The European Banking Authority has attempted to quell City complaints over Friday's widely-criticised industry stress tests, telling analysts they would have liked to have made them harsher but were unable to do so.

17 Jul 2011

Germany says Greek debt hit 'unavoidable’

One of Angela Merkel’s key economic allies has opened the door to an agreement on Greece’s debt crisis by saying it is “unavoidable” that investors in the country’s ballooning debt will have to forfeit some repayments and interest.

16 Jul 2011

Hayward eyes bids for Russian oil giants

Tony Hayward, the former BP chief executive, is closely examining bids for at least four major international oil producers.

16 Jul 2011

'Investor reaction to euro crisis volatility is a danger'

Peter Clarke on the hedge fund's response to the debt crisis fallout.

16 Jul 2011

Credit rating agencies face attack from House of Lords

Global credit ratings agencies are braced for fresh criticism this week in a House of Lords report into their role in the euro debt crisis.

16 Jul 2011

Europe's bank stress tests as bad as 1979 Irish driving test

In 1979, the then Irish environment minister, Sylvester Barrett, did an extraordinary thing that was to have ramifications for Ireland’s drivers for decades to come.

16 Jul 2011

European banks set for 'chaos Monday' after nine fail

European banks are set for a day of 'chaos' on Monday as investors and analysts derided the latest round of industry stress tests as 'inadequate'.

16 Jul 2011

'UK financial services will never regain pre-crisis power'

Britain's financial services industry will never regain the pre-eminence it enjoyed before the crisis, according to projections from the country's official forecaster.

16 Jul 2011

Co-op quits life insurance, cuts 700 jobs

The Co-operative said it is to withdraw from the life insurance market after a review of its business that will lead to the loss of nearly 700 jobs.

16 Jul 2011

FSA rejects call to delay reform plan for advisers

The Financial Services Authority is refusing to amend the timing of the Retail Distribution Review, despite concerns from MPs.

16 Jul 2011

European stress tests: Eight banks fail but UK passes

Eight European banks are not strong enough to withstand a prolonged recession and need to raise €2.5bn (£2.2bn) in capital, an industry healthcheck aimed at reviving investor confidence showed on Friday.

15 Jul 2011

Stress tests: analyst reaction

Eight European banks are not strong enough to withstand a prolonged recession and need to raise €2.5bn (£2.2bn) in capital, an industry healthcheck aimed at reviving investor confidence showed on Friday. Here is what some top analysts said of the news.

15 Jul 2011

Citigroup's profits beat expectations

Citigroup became the second Wall Street bank to deliver better-than-expected profits as it put aside less money to cover bad loans.

15 Jul 2011

City Desk Morning Briefing - Friday

All the latest and must-have information around the key business and economic issues of the day.

15 Jul 2011

Market prepares for bank stress test results

More than 10 savings banks are expected to announce today that they have failed the latest round of European Union stress tests designed to improve confidence in the financial sector.

15 Jul 2011

F&C faces £14m bill for felled hedge fund business

F&C Asset Management has been forced to pay two hedge fund managers £7.8m for a stake in a business that imploded during the financial crisis.

15 Jul 2011

Kicking the tyres of Europe's banks

Results of tough new banking stress tests published today.

15 Jul 2011

European bank stress tests: Q&A

Results of tough new European banking stress tests are published today. Here, we look at who has to undergo them and why they are needed.

15 Jul 2011

Volcker: Vickers has 'missed' big bank problem

Britain's key proposal for banking reform still misses the 'overriding question' of how to cope with financial failures.

14 Jul 2011

JP Morgan surprises Wall Street with buoyant quarter

The investment bank arm of JP Morgan Chase helped the Wall Street titan's latest profits beat expectations, driving the shares higher.

14 Jul 2011

JP Morgan second-quarter profits jump as bad loans fall

JPMorgan Chase reported a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans.

14 Jul 2011

Shares to outshine bonds

Witan's Andrew Bell: avoid government bonds

14 Jul 2011

The £70m mansion nobody wants

Updown Court was the most expensive house in UK when it went on market, but after six years it's still empty.

14 Jul 2011

Trading to increase at ICAP

Inter-dealer broker ICAP posted a reassuring trading update yesterday.

14 Jul 2011

LSE offers service to trade UK gilts

The London Stock Exchange has launched a service to trade UK government bonds, as regulators look to clamp down on the debt markets.

14 Jul 2011

READ MORE: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/

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