The Central Bank of the United States (Fed) was held Wednesday in Washington, where it should confirm to the mid-day the course of monetary policy accommodative ultra-before released new economic forecasts for the country lowered. The Monetary Policy Committee of the Fed (FOMC) should publish a statement around 12:30 pm reporting of its decisions after two [...]
Nov 2 2011 | Posted in
Banking |
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Prime Minister Francois Fillon said Wednesday the roadmap of the new building, with no official capital, capital of French banks, encouraging them to avoid slowing down the distribution of credit and significantly reduce the amount of bonuses for 2011 . The meeting at Matignon key industry leaders followed the Europe Agreement of 27 October, which [...]
Nov 2 2011 | Posted in
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French banks will have details on Dec. 15, to the supervisory authority, the measures to reach the hard capital ratio of 9% set by the Europe Agreement of 27 October on the rescue of Greece, announced Wednesday the Prime Minister. Which also support the Minister of Economy, Baroin, to monitor the changes in outstanding bank [...]
Nov 2 2011 | Posted in
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The French authorities did not wait for the bonus season to remind banks moderation policy of pay after the agreement reached Thursday in Brussels on the European banking system recapitalization and an economic downturn. In his televised speech, Nicolas Sarkozy, who has lowered the growth forecast for 2012 from France, said he wanted to end [...]
Oct 28 2011 | Posted in
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The German Chancellor has obtained the consent of the Bundestag to impose its will to extend the EFSF at the EU summit. German MPs granted Wednesday to Chancellor Angela Merkel, an overwhelming majority, a broad mandate to defend the German position in Brussels on strengthening the European bailout fund EFSF. A few hours of a crucial [...]
Oct 26 2011 | Posted in
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The first European bank posted a quarterly profit above expectations, thanks to its traditional activities. In the current debate on the recapitalization of European banks, says it does not need public funds. Deutsche Bank beat analysts’ forecasts.The German bank, the number one industry in Europe in terms of income, has resulted in the third quarter pre-tax [...]
Oct 25 2011 | Posted in
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Francois Fillon said Tuesday at the National Assembly that French banks will need, without public aid, to increase their equity capital of about “ten billion” as part of a recapitalization of the European banking sector. “The recapitalization of banks will be in an orderly manner, on all the European banks that need it,” said the [...]
Oct 25 2011 | Posted in
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Socialist MEPs are asking , Tuesday, October 25, a parliamentary commission of inquiry on the bank Dexia, after the revelation of a letter from the French regulator of banks , threatening, in the summer of 2010, put the group under surveillance because the fragility of the French entity. “There is a scandal Dexia. We will prepare a resolution [...]
Oct 25 2011 | Posted in
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The unexpected appointment of Ignazio Visco at the head of the Bank of Italy was unanimously hailed Friday in Italy but it is almost certain that it will be very different from President Nicolas Sarkozy . The appointment of Visco Thursday means that Italy will have two members on the Executive Board of the European [...]
Oct 21 2011 | Posted in
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Morgan Stanley has published for its third quarter net income of $ 2.2 billion, or $ 1.15 per share. Last year, the U.S. bank had posted a net profit of only $ 314 million, or $ 0.05 per diluted share for the same period. Revenues from Morgan Stanley came out to $ 9.9 billion against 6.8 billion [...]
Oct 19 2011 | Posted in
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