15 December 2011 Last updated at 22:37 GMT Fitch cut the “issuer default ratings” at the banks Fitch has downgraded six of the world’s largest banks, citing the challenging financial markets. The banks include Bank of America and Goldman Sachs in the US, the UK’s Barclays and France’s BNP Paribas. Germany’s Deutsche Bank and Switzerland’s [...]
Tag: european banks
December 16, 2011
November 30, 2011
Key Central Banks Act to Support Global Financial System; Stocks Surge
The world’s major central banks took coordinated action Wednesday to support the global financial system, sending stock markets soaring. The U.S. Federal Reserve, the European Central Bank, the Bank of England and the central banks in Japan, Canada and Switzerland said that starting next Monday they are making it a half percentage point cheaper for [...]
September 24, 2011
Where Banks Are Big, Rules Seem More Rigid
At least that is the way it seems to be shaking out as countries develop new rules on bank capital. In countries where the financial sector is not an overwhelming presence in the economy, banks seem to be faring better in their lobbying efforts to keep rules relatively gentle. But the toughest rules in Europe [...]