BoE Governor Pushed for Barclays Chief’s Ouster
The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.
Greek Bank Head Took Secret Loans to Finance Bank Stake
Greece’s fiscal troubles seemed to grow deeper with the revelation that companies owned by Piraeus Bank’s chairman and his children took out secret loans from a rival bank to pay for Piraeus shares.
Talk of Greek Euro Exit Grows as Political Deadlock Continues
More than a week after elections brought anti-austerity parties to the fore, the task of brokering a compromise is in the hands of President Papoulias, who thus far has been as unsuccessful as the party leaders themselves.
Europe Tries to Regroup as Spain Falters
Largely ignoring sovereign debt woes in the region, European stocks inside the Vanguard MSCI Europe ETF were ahead by 7.65% this year, as of late April.
Q3 Earnings Kickoff: JPMorgan Profit Drops 4%
JPMorgan Chase & Co. on Thursday kicked off the finance sector’s first major earnings release for the third-quarter with an anticipated drop in profit, down 4% to $4.26 billion from $4.42 billion a year ago.
Greek Debt Swap Feared Short of Goal
Banks and insurers, who were supposed to declare Friday whether they would join the bond exchange that was a condition of a second bailout for Greece, were slow to declare themselves, and a shortfall was feared at midday.