MADRID | The Corner | BNP Paribas shares rose more than 4% on Tuesday after the French lender said it could pay the landmark $8.9bn settlement with US authorities for transferring billions of dollars on behalf of Sudan and other Washington-blacklisted countries. More actors in the EU banking sector might need to pay billionaire fines.
LONDON | By Barclays analysts | We announce the end of credit restrictions to the European banking thanks to the latest credit data, which went from -3% yoy to -2.8%. Our market strategist reaches the conclusion that we are seeing signs of lending recovery (see chart).
MADRID | By Luis Arroyo | Mario Draghi dared to warn European authorities of the danger of a “capital flight” if they insist on taking confiscatory measures against all kinds of rescued banks’ creditors. If it comes to that, they may cause a crisis in the entire European banking sector.