LONDON | Changes over core capital reserves would have turned British banks less transparent about their actual financial stand, JP Morgan analysts alert. Also, growing risk of impending payouts because of mis-sold payment protection insurance could affect their stock price sooner than later.
LONDON | Who in Britain would place faith in the good nature of bankers? While Wednesday afternoon the House of Commons played volleyball blaming either Labour opposition or the Conservative-led Coalition cabinet for the bonus pool available to top Royal Bank of Scotland 83pc-public workers (remember the €45 billion taxpayer bailout), how lonely Commerzbank’s chairman Martin Blessing must have felt. Mr Blessing told a London court on Monday that most of his…
By Carlos Díaz Güell, in Madrid | The deadline is January 20 for EU financial entities to submit to the European regulator their specific plans to comply with the capital demands determined by the European Banking Authority (EBA). For the Spanish entities, this demand amounts to €26bn, an amount that does not take into account certain peculiarities of the Spanish financial system such as the convertible bonds which amount to almost €10bn. The European…