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Credit Crisis

Greek rescue leaves Europe default risk alive
02/22/2012
Seven months of negotiations ended in the pre-dawn hours in Brussels with Greece winning 130 billion euros ($172 billion) in aid it needs to avoid a March bankruptcy.

Bailed-out banks still aren't ready to sell, even after three years and £90bn
02/20/2012
Sir Philip Hampton, chairman of RBS, admitted recently that when he took on the job he had expected 2012 to be the year that the government could herald a sell-off of the bank's shares.

Germany drawing up plans for Greece to leave the euro
02/20/2012
Eurozone finance ministers meet on Monday to approve the next tranche of loans from the EU and the International Monetary Fund, designed to stave off national bankruptcy while the new Greek government puts the country's finances in order.

Now the rest of Europe has made sure it's protected, Greece an go to hell
02/20/2012
Playing for time had been the strategy all along. Governments established bailout funds.

HSBC to snub Chancellor's £20bn loan plan
02/20/2012
This is because of the two separate charges the Treasury is proposing, which makes the fund more geared to banks, such as RBS and Lloyds, which benefit from cheaper wholesale funding. These banks are expected to report a combined loss of £4bn this w

The Ten Countries With The Most Debt On The Planet
02/20/2012
he measures include dramatic cuts in pay, pensions and government services.

Bank of Ireland upbeat as losses narrow
02/20/2012
Bank of Ireland has insisted it is making "substantial strides" restructuring its balance sheet after losses narrowed in 2011.

French get tough on bank bail-outs
02/20/2012
Unlike Britain, which took an 83pc stake in Royal Bank of Scotland and 41pc of Lloyds Banking Group in return for £65bn of taxpayer support in the 2008 crisis, President Nicolas Sarkozy's government provided €360bn (£299bn) of suppor

Investors showing renewed confidence in global equities - survey
02/15/2012
Largest Recorded One-Month Improvement in Liquidity Conditions

If The euro Breaks Up -- Scenarios For Greece, PIIGS And Total Collapse
02/13/2012
Banks, asset managers and presumably governments are looking at what a breakup of the euro would mean — from the departure of a single country (Greece), to the departure of several countries or a complete breakup of the euro zone.

Swiss central banker a euro crisis Nostradamus?
02/08/2012
Jordan was thrust into the limelight last month when SNB chairman Phillip Hildebrand stepped down amid an uproar over a currency trade made by his wife.

Historic Clydesdale Bank faces uncertain future as Australian owners review their operations
02/08/2012
THEIR bank notes celebrate great Scots and have made our country famous around the world.

Now Greece Is Just One Step Closer To Leaving The Euro
01/30/2012
Germany is unsurprisingly fed up with Greece's inability to implement the spending cuts and austerity measures EU leaders have demanded, but the country has already lost significant levels of sovereignty as part of the EU/IMF-led programs.

Alpha Bank throws EFG merger into doubt
01/30/2012
Alpha and EFG Eurobank agreed in August to create Greece's biggest bank, to better cope with the debt crisis which has caused deposit outflows and rising loan impairments.

UK heading for first double-dip recession since 1975
01/26/2012
The fresh crisis in Britain's factories dealt a blow to the Coalition, which has pinned its hopes for recovery on UK industry.

CEOs concerned about economy while upbeat on revenues - PwC
01/25/2012
The survey was published as CEOs including Mark Parker of Nike Inc. and Brian Moynihan of Bank of America Corp. gather in the Swiss ski resort of Davos for the World Economic Forum’s annual meeting.

Event risk remains high in euro-zone- Coutts & Co
01/25/2012
In our 18 January Daily Theme we highlighted the continuing risk that events in the euro-zone could create market volatility. We see at least six possible events that could do this.

London's Square Mile feeling squeeze as business shrinks
01/24/2012
London, the world's biggest centre for foreign-exchange trading, cross-border bank lending and interest-rate derivatives, is being squeezed by both the impact of the European sovereign-debt crisis on demand for its services and politicians who blame

Europe woes won’t stall trade finance in Asia
01/24/2012
A full-blown euro-zone crisis could still hit demand for Asian products and services harder than it has so far.

US looks buoyant compared with Britain
01/24/2012
America's burden has dropped to 279 per cent, from a peak of 295 per cent. Households have purged a third of the excess, following the historic pattern of post-bubble deleveraging.