Dexia Doomed? France, Belgium Add More Funds
After yet another hefty loss on its balance sheet, France and Belgium have agreed to sink yet more money into the bank.
Greek Debt Crisis Weighs on Banks
Europe’s banks are tallying up the losses from Greek sovereign debt, and the picture is not a pretty one. Euro losses in the billions are taking a toll on earnings and banks are posting heavy hits in the midst of a need to find additional capital to meet new banking...
Mideast Loans on Block as Euro Banks Seek Cash
European banks, in search of cash to meet new requirements, are looking to sell off their loans to Middle Eastern countries, and are looking for Arab banks as buyers in the process.
Moody's Downgrades Belgium
Belgium saw its credit rating cut Friday by two notches, as Moody's said that the debt crisis in the euro zone was increasing risk for all countries carrying a heavy public debt burden.
Moody’s Threatens Ratings Cuts for European Banks
The banks of 15 countries in Europe have been put on notice by Moody’s: their subordinated debt ratings may be cut by the agency because there is the possibility that government support for that debt will not be forthcoming.
Belgium Nationalizes Part of Troubled Bank Dexia
Belgian-French bank Dexia is splitting up after the Belgian government announced Monday that it would buy the local consumer lending unit of the company, leaving its Luxembourg unit and French municipal lending division, among other assets, to be sold off to raise capital for a so-called bad bank.
Moody's Downgrades British Banks
Moody's on Friday downgraded a dozen U.K. banks, including Lloyds TSB Bank, a unit of Lloyds Banking Group, and Royal Bank of Scotland, saying that there was increasing likelihood that smaller banks would be allowed to fail if troubles worsened.
Coordinate EU Bank Recapitalization: Barroso
Regulators from the European Union were presented with a proposal to coordinate recapitalization of its banks at the second day of meetings on Thursday, as they considered ways to reassure investors who have been fleeing the banking sector.