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Europe banks set to sell record $108bn unwanted loansEurope's banks are likely to sell a record 100 billion euros ($108.6 billion) of loans this year that are no longer part of their main businesses, according to consultants PwC, chipping away at a pile of 1.9 trillion euros of unwanted assets More… |
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Qatar unlikely to be white knight for Europe banksHopes may be disappointed for an influx of money from Qatar and other Gulf states into battered European banks, since Gulf investors are likely to see many of the banks as too risky and out of line with their investment strategies. As Euro More… |
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Asian stocks rise, euro steady on bank movesEuropean stock index futures rose on Friday, following a bounce in Asian shares, and the euro clung to gains from a 2-cent rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis. The European More… |
