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International News & Information
News and Information
July 22, 2014 Credit Suisse: $779M loss after U.S. settlementSource: USA Today
Swiss banking giant Credit Suisse reported more than $700 million in losses for the second quarter of 2014, which the company attributes to a $2.6 billion settlement with the United States for helping wealthy American clients...
June 30, 2014 US authorities 'picking' on European banksSource: BBC News _ text/audio
There is an "obvious case" to suggest that US authorities are placing larger fines on European banks, Financial Services Club chair Chris Skinner has said. His comments came as it was reported BNP Paribas could be fined $8.9bn...
Source: Bloomberg BusinessWeek
Bank of France Governor Christian Noyer said the U.S. investigation into BNP Paribas SA (BNP)’s dealings with sanctioned nations may encourage companies to stop using dollars in international transactions.
June 11, 2014 German court ruling complicates future European bailouts
Deutsche Welle - Hewson said. Piotr Kaczynski of the îCenter for European Policy Studiesî agrees that the ruling will make the process of getting any such measures adopted in the future more cumbersome, but he also...
June 10, 2014 U.S. fine threatens BNP Paribas rating
CNN Money - LONDON (CNNMoney) A massive U.S. fine for sanctions busting could hit BNP Paribas' credit rating, îStandard and Poor'sî said Wednesday. The credit rating agency said it could cut the French bank's...
round of measures to help the European Central Bank’s record-low interest rates feed through to an economy threatened by deflation.
June 4, 2014 European Central Bank Chief Looks for Silver BulletSource: NY Times
FRANKFURT — Mario Draghi might feel like a doctor trying to treat a chronically ill patient with unproven medicines. Consider one of the remedies that Mr. Draghi, president of the European Central Bank, is widely expected to...
May 30, 2014 Moody's Warns on EU New Banking Rules
NASDAQ - The move by Moody's follows similar action from Standard & Poor's Ratings Services in April and îFitch Ratingsî in March, but strategists largely expect the moves to have limited impact on European bank...
Source: Business Insider Australlia
The U.S. Justice Department is pushing BNP Paribas SA to pay more than $US10 billion to resolve a criminal probe into allegations that the French bank evaded U.S. sanctions against Iran and other countries for years, the Wall...
The euro fell to a three-month low against the dollar as European Central Bank President Mario Draghi signaled policy makers are ready to take action in June should they see low inflation becoming entrenched.
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