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Euro zone governments have set aside almost no money to make good on their promise to recapitalize ailing banks after a health check next year. A Reuters survey of euro zone backstops showed very few governments have any money earmarked for such a
Pressure from the European Central Bank (ECB) and national regulators will leave Europe's banks with a 280 billion euro ($380 billion) capital hole to fill in 2014, accountants PwC said in a report published on Thursday. Banks in the eurozone will
Italian banks are near saturation point after two years spent frantically buying their own government's bonds, forcing the Treasury to find alternative investors at home and abroad to finance a 2-trillion euro debt. Lenders' ability to soak up yet
The banks that once raked in profits hand over fist from a booming mortgage market were forced to take state-funded bailouts to maintain their solvency. With the potential parallels of a banking comeback, investors are looking for ways to play this
ON » Investors fear euro-zone banks will have to find tens of billions of euros of new equity next year after another industry health check designed to draw a line under the financial crisis. Investors fear euro-zone banks will have to find tens of
Spanish banks may have to swallow more losses to shake off the legacy of a property crash, real estate experts warn, as they struggle to sell plots of land that have ended up on their books and which are now worth less than many have accounted for.
Italy risks losing as much as eight billion euros on derivatives contracts that were restructured at the height of the eurozone crisis, according to a report by the Financial Times. The FT said the losses could stem from the restructuring of eight
For three generations the Posada family has exported candied chestnuts around the globe, but plans for further expansion are being hampered by the worst bank lending crunch in the business's history. The scarcity and high cost of credit for small
Students paint on the front of a Unicredit bank during a protest against government budget cuts in Milan December 12, 2012. A deepening recession and banking stress tests could find Italy 's mid-sized lenders short of billions of euros, putting the
Greek Cypriot leader Nicos Anastasiades asked for more money from Brussels ahead of a key meeting by Eurozone finance ministers. European Union finance ministers adopted a 10 billion Euro bailout package for the Greek Cypriot Administration.