New rules on bank capital will jolt the industry and could force European lenders to raise more cash and restrain returns, dividends and pay for at least the next two years, analysts and industry sources say.
The impact of the proposals -- dubbed Basel III -- have been underestimated by investors and banks, and clarity on the new rules could be a shock, several analysts said.
Stocks News » UK Market
Europe's banks face harsh reality of Basel III jolt
Posted by MengCheong 219 days ago (http://uk.finance.yahoo.com)Don't Hate the UK, Snap Back on the Cards: Investor
Posted by HassanAhmad 233 days ago (http://www.cnbc.com)
The consensus among investors it to hate the UK and to stay clear of stocks with mainly domestic exposure, but those investors could be caught on the wrong side of a "big snap back," Andy Brough, fund manager at Schroders, told CNBC Monday.
European banks tap U.S. market in refinancing drive
Posted by FinnXXX 235 days ago (http://uk.finance.yahoo.com)
Europe's banks have dominated a rush of new bond issues this month, including in the U.S. dollar domestic bond market, where they have made up the bulk of issuance so far this year.
As Europe's banks start refinancing 935 billion euros (827 million pounds) of debt falling due in the next three years they are looking for cash wherever it's available.
As Europe's banks start refinancing 935 billion euros (827 million pounds) of debt falling due in the next three years they are looking for cash wherever it's available.
"Crisis tax" threatens Europe banks
Posted by FinnXXX 235 days ago (http://uk.finance.yahoo.com)
A 'crisis tax' proposed by the Obama administration would cut substantially into bank earnings across Europe and could sidetrack the sector's recovery, analysts and industry officials said Friday.
While there is little clarity over the practical effect of the levy, many questioned its fairness given that the European banks it would affect did not get bailouts in the United States and lack many
While there is little clarity over the practical effect of the levy, many questioned its fairness given that the European banks it would affect did not get bailouts in the United States and lack many
Britain rules out copying US bank tax plan
Posted by HassanAhmad 236 days ago (http://uk.biz.yahoo.com)
Britain ruled out copying the United States by proposing a special tax on banks to recover state funds used to bailout lenders during the financial crisis, the British finance minister insisted on Saturday.
Alistair Darling told The Scotsman newspaper that the government would not be matching a proposal announced by US President Barack Obama on Thursday for a new fee on major banking firms.
Alistair Darling told The Scotsman newspaper that the government would not be matching a proposal announced by US President Barack Obama on Thursday for a new fee on major banking firms.
Global Bailout: Did the UK do enough? | Yahoo! Finance
Posted by SHPark 240 days ago (http://uk.biz.yahoo.com)
In 2008, the world was thrust into what has been called the worst recession since the Second World War. Many countries responded with multibillion dollar stimulus packages in attempt to stave off the recession or at least dampen the effects.
The British government took multiple steps to soften the blow of the global financial crisis. Relative to its counterparts, has the U.K. done enough?
The British government took multiple steps to soften the blow of the global financial crisis. Relative to its counterparts, has the U.K. done enough?
Santander eyes UK banks - Yahoo! Finance
Posted by gigitsang 241 days ago (http://uk.finance.yahoo.com)
Spanish lender Banco Santander will look for opportunities to buy assets in Britain as the country's state-rescued banks embark on a round of disposals, its chairman said on Monday.
"The policy of Banco Santander is to take advantage of opportunities," Emilio Botin said after unveiling Britain's first Santander (Madrid: SAN.MC - news) -branded bank branch in central London.
"The policy of Banco Santander is to take advantage of opportunities," Emilio Botin said after unveiling Britain's first Santander (Madrid: SAN.MC - news) -branded bank branch in central London.
BBC News - Banks criticise plans for windfall tax on bonuses
Posted by CaraTan 275 days ago (http://newsvote.bbc.co.uk)
UK government steps in to control the "obscene" bonuses paid to bankers. Bank should take the opportunity of their profit to strengthen themselves as a bank rather than paying fat bonuses.
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