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Dexia collapse fears threaten euro bank dominos
Oct 03, 2011 23:17 EDT
France and Belgium will "step in" if needed to save the troubled Dexia bank, the Belgian finance minister said Tuesday, amid fears of collapsing dominos throughout Europe's ailing banking system.
Asian shares extend losses, Greece fears grow
Oct 03, 2011 23:14 EDT
Asian markets mostly tumbled on 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.
Dexia commits to clean-up, France, Belgium ready to act
Oct 03, 2011 19:58 EDT
LUXEMBOURG (Reuters) - Franco-Belgian financial group Dexia vowed on Tuesday to clean up its balance sheet, with France and Belgium poised to act, after concerns about its exposure to Greece and a Moody's warning about its liquidity pummelled its shares.pummeled
Dexia commits to clean-up, France, Belgium ready to act
Oct 03, 2011 19:58 EDT
LUXEMBOURG (Reuters) - Franco-Belgian financial group Dexia vowed on Tuesday to clean up its balance sheet, with France and Belgium poised to act, after concerns about its exposure to Greece and a Moody's warning about its liquidity pummelled its shares.pummeled
Highlights: Euro zone finance ministers meeting
Oct 03, 2011 18:46 EDT
LUXEMBOURG (Reuters) - Euro zone finance ministers and officials met on Monday to discuss the European Financial Stability Facility (EFSF) bailout fund and the economic situation in Greece.
Highlights: Euro zone finance ministers meeting
Oct 03, 2011 18:46 EDT
LUXEMBOURG (Reuters) - Euro zone finance ministers and officials met on Monday to discuss the European Financial Stability Facility (EFSF) bailout fund and the economic situation in Greece.
Bank stocks drop on fears of European contagion
Oct 03, 2011 16:59 EDT
(Reuters) - Large U.S. bank stocks fell sharply on Monday on concerns that lenders like Citigroup Inc <C.N> and Morgan Stanley <MS.N> may face more earnings setbacks from the debt crisis in Europe.
Dexia bank shares drop 12% on Moody's warning
Oct 03, 2011 03:32 EDT
Shares in Franco-Belgian bank Dexia plunged nearly 12 percent at the opening of trade on Monday following a downgrade warning by Moody's over concerns about its liquidity.
Funds rebuild stocks in September
Sep 29, 2011 09:53 EDT
LONDON (Reuters) - Investors are entering the fourth quarter with a slightly raised exposure to shares and holding high reserves of cash that could quickly be used to fuel a stock rally, Reuters polls showed on Thursday.
French Dexia bank to sell more bad debt: report
Sep 26, 2011 07:34 EDT
Franco-Belgian investment bank Dexia, which narrowly escaped collapse in the 2008 global financial crisis, needs to dispose of another 20 billion euros' worth of bad debt, a press report said on Monday.
Recession panic grips global markets
Sep 22, 2011 18:23 EDT
World markets buckled under a frenzied sell-off Thursday as investors panicked the global economy was headed for another slump, one which policymakers may be ill-equipped to prevent.
Analysis: Bank woes could stymie France's recovery
Sep 18, 2011 12:33 EDT
PARIS (Reuters) - A French banking system shaken by a crisis of confidence and hobbled by the need to deleverage and write down assets could choke off credit to consumers and businesses and shatter France's fragile recovery.
Global bondholders to decide on Greek swap offer
Sep 09, 2011 04:26 EDT
ATHENS (Reuters) - Investors in Greek government debt worldwide will tell regulators on Friday whether and how they will participate in a bond swap aimed at giving Athens more time to emerge from a debt crisis, with officials expecting a take-up of about 70 percent.
Banks criticized over level of Greek writedowns
Aug 30, 2011 06:58 EDT
PARIS/LONDON (Reuters) - Some European financial institutions should have booked bigger losses on their Greek government bond holdings in recent results announcements, the International Accounting Standards Board (IASB) said in a letter to the EU market regulator.
Analysis: Eurozone bank doubts worse for lack of deposits
Aug 23, 2011 18:40 EDT
NEW YORK (Reuters) - European banks like Societe Generale <SOGN.PA> and Dexia SA <DEXI.BR> are reeling from bad loans, but they are also suffering from a less obvious problem: their reliance on bond markets to fund operations.
Fed says it is treating U.S., European banks the same
Aug 18, 2011 17:21 EDT
LONDON/NEW YORK (Reuters) - The Federal Reserve Bank is treating foreign banks the same as their U.S. peers, a top policymaker said on Thursday, contrary to a published report that said the U.S. central bank was keeping a closer eye on European banks struggling with the continent's debt crisis.
Fed says it is treating U.S., European banks the same
Aug 18, 2011 17:21 EDT
LONDON/NEW YORK (Reuters) - The Federal Reserve Bank is treating foreign banks the same as their U.S. peers, a top policymaker said on Thursday, contrary to a published report that said the U.S. central bank was keeping a closer eye on European banks struggling with the continent's debt crisis.
EU watchdog calls for debt transparency at banks
Jul 28, 2011 13:26 EDT
LONDON (Reuters) - Banks in the European Union should spell out clearly their exposures to sovereign debt in their upcoming quarterly earnings reports, the bloc's markets watchdog said on Thursday.
Dexia sues Deutsche Bank over US mortgage securities
Jul 14, 2011 15:17 EDT
French-Belgian bank Dexia said Thursday that it was suing Deutsche Bank for more than $1 billion in losses caused by dodgy mortgage-backed securities that imploded during the 2008 financial crisis.
Exclusive: Banks discuss new Greek rollover plan: source
Jun 24, 2011 12:44 EDT
LONDON/FRANKFURT (Reuters) - European banks and insurers moved closer on Friday to a voluntary rollover of their Greek government debt holdings, hoping to get around rating agencies' reservations and avoid a Greek default.