European banks

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EU stress tests: Draghi gets nervous

MADRID | By JP Marin Arrese | Draghi’s acid comment that a number of banks had to fail the forthcoming ECB asset quality and stress tests to ensure their credibility, sounded like a warning on his resoluteness to undertake an unsparing check before taking over full supervisory powers. His scaremongering statement has being judged as wholly inappropriate for a central banker. A position he is well acquainted with.

European banks and the bailout tag

MADRID | By Francisco López | In spite of the frequent denials coming from Madrid, though, using that cash–officially it isn’t called a banking rescue but “financial assistance in favourable conditions”–would be a clever thing to do.

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Shopping in Europe

NEW YORK | While European companies and banks try to forget this annus horribilis, some US financial firms are rubbing their hands: under pressure from…