UK banks: bad news, no comment
LONDON | By Victor Jimenez | The British Parliament seeks to reorganise management at UK banks so it’s possible to point at specific staff and board members and try them in court.
LONDON | By Victor Jimenez | The British Parliament seeks to reorganise management at UK banks so it’s possible to point at specific staff and board members and try them in court.
LONDON/MADRID | To compensate the news of a banking bailout limitation, the Eurogroup today may bring up a few tricks: the protection of SMEs’ non-guaranteed deposits of up to €100,000.
LONDON | By Victor Jimenez | Governments in Berlin must speak up their minds, instead of using the national judiciary system and some probable legal ambiguities to delay the urgent steps of more integration.
LONDON | Anders Borg (Stockholm, 1968), Finance Minister of Sweden: “Handling the crisis is not primarily about how well we manage short-term stabilisation. Instead, the crucial issue is our readiness to confront more fundamental questions that will determine long-term growth.”
LONDON/MADRID | ECB negative interest rates might fail to re-activate credit activity because of a too cautious Germany.
LONDON | By Victor Jimenez | Considering the recent turmoil in the Eurozone, it is unsurprising that intermediaries are concerned about overall global economic health.
LONDON | The UK’s financial system suffers a capital deficit of up to £25 billion, according to the regulator, a gap that must be covered in 2013 to reach the minimum 7 percent core tier 1 capital ratio target.
LONDON | In a way, the Great English Euroscepticism was irrational until the Eurozone began to burst here and there, and the well-meaning rhetoric of the elites in Brussels and Strasbourg fell into a provincialism-stinking pit.
LONDON/MADRID | Up to 80 percent of all issuances–some €30 billion so far this year–were bought by non-resident investors, proof that confidence is on its way of being restored.
LONDON/MADRID | The link between less liquidity and worse economic figures looks clearly defined by the extreme timidity of the ECB and the fact that Germany last March joined France, Italy and Spain in the contraction zone.