FRANKFURT (MarketWatch) — The long-feared euro-zone credit crunch appears to be under way, economists said Friday after December data showed a sharp slowdown in private bank lending and broad money supply growth.
FRANKFURT (MarketWatch) — European Central Bank President Mario Draghi announced Thursday that Greek politicians struck a long-sought agreement on additional austerity measures, but wouldn’t reveal whether the institution would forgo ...
LONDON—European regulators said the Continent's banks are well on their way to replenishing their capital cushions, but concerns persist that the lenders aren't taking sufficiently drastic actions to fortify themselves.
John Lanchester's novel, "Capital," will be released in June and will be the author's first book with publisher W.W. Norton. It will also be the first book with W.W. Norton for Senior Editor Matt Weiland, who moved there from HarperCollins ...
MADRID—Lending by Spanish banks contracted by 2.64% on the year in September, the sharpest annual decline on record, pointing to a deepening credit crunch in Europe's fourth-largest economy.
FRANKFURT (MarketWatch) — With its key lending rate at an all-time low and its balance sheet distended by its efforts to provide liquidity to the euro zone’s hamstrung banking sector, the European Central Bank is unlikely to make any ...
BEIJING (Caixin Online) — China International Capital Corp. warned in a recent report that banks are likely to see an increasing number of loans go bad during the first half of 2012, due in part to the scarcity of credit available to small ...
Here are a couple of phrases a bank investor or executive doesn't want to hear: "What sort of [profit] do you need today?" And: "We should mark these [positions] down because someone is going to spot this."
FRANKFURT—European Central Bank President Mario Draghi openly encouraged European banks to take advantage of the ECB's next offer of cheap three-year loans later this month, saying use of the facility shouldn't be interpreted as a sign of ...
Italian Prime Minister Monti last week set out wide-ranging reforms of the country's labor market, with the aim of restoring lost competitiveness and bringing the government's budget back into balance. But can Italy's companies step up to ...
The row over bank bonuses has continued relentlessly in the U.K. for five years, starting with the 2008 bonus round in the initial aftermath of the credit crunch. But the successful campaign to force Royal Bank of Scotland boss Stephen ...
Credit where credit's due: January was a bumper month for European corporate-bond markets, with euro investment-grade bonds returning 2.9%, according to Barclays Capital. And even now corporate bonds look unloved. Although a yield of 4.2% ...
More people are buying cars, manufacturers reported today. And that may be because loosening lending standards are making it easier for more people to get car loans, experts say.
The success or failure of the ECB's actions Thursday will be determined by whether credit remains available to households and businesses across the 17 nations that share the euro.
LONDON—Prices of gasoline, diesel and other refined products could rise in Europe if European refiners like Petroplus Holdings AG scale back output due to the credit crunch, European traders and analysts said Wednesday.
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