Dexia Bank
Dexia official acquitted of alleged swaps fraud in Italy
City of Prato likely to appeal despite perjury claims
The hidden risks in dormant Basel III bond rule
Growing sovereign bond portfolios face new risks and mixed messages
Dexia rejected AMA over uncertain capital relief
Public finance specialist rejected AMA prior to break-up, finding capital benefit might not offset costs, but fellow Belgian bank BNP Paribas Fortis argues in favour of op risk modelling
European bank spreads decline amid talk of recapitalisation plans
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month
Lloyds and RBS CDS spreads steady despite downgrade
The decision by Moody’s to downgrade Lloyds and RBS fails to spark surge in CDS spreads, while other European banks finish more or less unchanged on the week despite continuing woes in the eurozone
Benelux flux
Cross-border Supervision
CDS spreads widen despite bailout approval
Credit default swaps (CDSs) on a number of major dealers widened yesterday in spite of the US Senate vote on a revised $700 billion financial rescue plan.
CDS spreads tighten as bailout is revised
The cost of protection on some of the world’s largest financial institutions fell yesterday as the US Senate agreed to vote on a revised version of the $700 billion financial rescue plan.
European banks in wave of bailouts
Daily news headlines
Month of bailouts continues with Dexia rescue
European bank Dexia, listed on the French and Belgium stock exchanges, on Tuesday received a €6.4 billion capital injection in exchange for shares from the governments of Belgium, France and Luxembourg as well as private investors.
Regulatory changes good news for investors
Forthcoming changes in the accounting practices of banks, imposed by regulators through Basel II and International Financial Reporting Standards (IFRS), will "make balance sheets speak up", according to Jean-Bernard Caen, group capital manager at Belgian…
Regulatory changes good news for investors
Forthcoming changes in the accounting practices of banks, imposed by regulators through Basel II and International Financial Reporting Standards (IFRS), will “make balance sheets speak up", according to Jean-Bernard Caen, group capital manager at Belgian…
FSA decision prompts tightening for insurers' credit spreads
The cost of protection for the European insurance sector has tightened by up to 15bp in trading this week following a decision by UK regulator, the Financial Services Authority (FSA), to ease regulatory solvency requirements for individual life assurers.
FSA decision prompts tightening for insurers’ credit spreads
The cost of protection for the European insurance sector has tightened by up to 15bp in trading this week following a decision by UK regulator, the Financial Services Authority (FSA), to ease regulatory solvency requirements for individual life assurers.