The European Banking Authority is to challenge a significant proportion of the capital restructuring plans put forward by the continent’s leading banks to meet tough new capital requirements, say three people familiar with the process. (mehr…)
The head of the International Monetary Fund said on Monday the eurozone needed a bigger firewall to prevent Italy and Spain sliding towards default, underlining Europe’s responsibility in solving its own sovereign debt crisis. (mehr…)
Latvia’s largest bank is scrambling to contain a run among depositors gripped by fears of the bank’s imminent collapse.
The panic among Swedish-owned Swedbank’s depositors began Sunday after rumors spread that the financial institution was facing legal and liquidity problems in Estonia and Sweden. (mehr…)
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible. (mehr…)
In many ways, the answer to that question is obviously yes.
Money-market funds in the United States have quite dramatically slammed shut their lending windows to European banks. According to the Economist, Fitch estimates U.S. money market funds have withdrawn 42 percent of their money from European banks in general.
And for France that number is even higher — 69 Prozent. European money-market funds are also getting in on the act. (mehr…)
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