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As Europe bank recap talk builds, who needs it?
Oct 05, 2011 12:52 EDT
LONDON (Reuters) - Banks in France, Italy and across Europe are under renewed scrutiny for signs they will follow Dexia and need state help as policymakers talk up the need to raise capital to halt a euro zone crisis.
Dexia clients fret as Belgium, France plan rescue
Oct 05, 2011 11:50 EDT
PARIS/BRUSSELS (Reuters) - Worried customers withdrew funds and overloaded the telephone helpline of struggling bank Dexia <DEXI.BR> on Wednesday as governments raced to put a rescue plan in place and stop its troubles from deepening the euro zone debt crisis.
Merkel tells Europe to prop up its banks
Oct 05, 2011 11:49 EDT
Germany urged Europe Wednesday to recapitalise its banks where necessary to prevent the eurozone debt crisis from spreading as the IMF warned the EU to get its act together and head off recession.
IMF's Borges: Europe's banks need up to 200 billion euros
Oct 05, 2011 11:31 EDT
BRUSSELS (Reuters) - The International Monetary Fund urged Europe on Wednesday to pump as much as 200 billion euros into its banks and warned of a freeze in lending and an ensuing recession if the region's leaders failed to do more to reassure panicky investors.
Europe wakes up to need for bank aid plan
Oct 05, 2011 11:07 EDT
BRUSSELS (Reuters) - It was a problem that Europe hoped would go away but after months of inaction, the EU has begun working on a scheme to shore up the region's battered lenders as it battles to solve an intractable debt crisis.
Asian markets mixed after Wall Street rally
Oct 05, 2011 07:41 EDT
Asian shares were mixed Wednesday as a Wall Street rally prompted by reports of an EU plan to help troubled banks was offset by lingering fears that Greece's debt crisis will become contagious.
Merkel, IMF in Brussels for eurozone crisis talks
Oct 05, 2011 06:50 EDT
German leader Angela Merkel flies in for talks at the European Commission Wednesday as efforts mount to contain the eurozone debt crisis and markets welcomed possible EU action to help troubled banks.
Dexia account-holders pull 300 mn euros from bank
Oct 05, 2011 03:52 EDT
Account-holders in the troubled Franco-Belgian Dexia bank Tuesday withdrew 300 million euros, Belgian economic daily De Tijd said Wednesday.
EU preparing bank rescues amid Greece doubts
Oct 04, 2011 19:53 EDT
LUXEMBOURG (Reuters) - European finance ministers agreed on Tuesday to safeguard their banks as doubts grew about whether a planned second bailout package for debt-laden Greece would go ahead.
EU preparing bank rescues amid Greece doubts
Oct 04, 2011 19:53 EDT
LUXEMBOURG (Reuters) - European finance ministers agreed on Tuesday to safeguard their banks as doubts grew about whether a planned second bailout package for debt-laden Greece would go ahead.
EU worries over growing threat to banks
Oct 04, 2011 19:45 EDT
Europe squared up Tuesday to the growing danger of a new financial sector collapse as markets crashed on fears Greece's debt crisis could snare exposed banks.
France, Belgium step in to aid ailing Dexia bank
Oct 04, 2011 18:56 EDT
France and Belgium stepped in Tuesday to guarantee the financing of troubled cross-border bank Dexia as its shares plunged spectacularly ahead of confirmation that it is to be broken up.
US markets bounce back on news of EU bank
Oct 04, 2011 18:20 EDT
Panicky selling driven by the Greek debt impasse and a troubled European bank swept global markets Tuesday, but US markets jumped into the green in the final hour on reports that EU officials had plans to help vulnerable banks.
France, Belgium rush to aid of ailing Dexia
Oct 04, 2011 17:46 EDT
BRUSSELS/PARIS (Reuters) - France and Belgium rushed to the aid of Dexia SA <DEXI.BR> on Tuesday, in what will be the first state rescue of a European bank in the euro zone sovereign debt crisis.
Europe stares down banks collapse as crisis worsens
Oct 04, 2011 13:36 EDT
Europe squared up to the growing likelihood of a new collapse in its banking sector as markets crashed and the euro fell on growing fears Greece's debt crisis could snare exposed banks.
London shares close sharply lower
Oct 04, 2011 12:13 EDT
London shares plunged by 2.5 percent on Tuesday, mirroring falls elsewhere in Europe as investors sought cover from fresh banking troubles.
US stocks near bear territory on glum outlook
Oct 04, 2011 11:28 EDT
US stocks plunged near official bear market territory Tuesday as a glum statement on the economy by Fed chairman Ben Bernanke and the Greek debt impasse kept markets across the globe under a cloud.
Instant view: S&P 500 enters bear market territory
Oct 04, 2011 10:36 EDT
NEW YORK (Reuters) - The S&P 500 entered bear market territory after the open on Tuesday, down over 20 percent from its 2011 high, as European officials considered making banks take bigger losses on Greek debt and fears of contagion in the world's financial system grew.
ECB seen leaving rates on hold as Trichet bows out
Oct 04, 2011 08:20 EDT
FRANKFURT (Reuters) - The European Central Bank is likely to leave interest rates unchanged when it holds the last policy meeting of Jean-Claude Trichet's presidency on Thursday, but may open the door to a cut under his successor and reintroduce some of its most potent crisis-fighting weapons.
Asian shares extend losses, Greece fears grow
Oct 04, 2011 07:25 EDT
Asian markets tumbled Tuesday after Wall Street slumped to its lowest level for more than a year as fears grow that Greece will default and the eurozone debt crisis will spread.