Archive for October, 2009

The Banking Of Stocks Limits Europe’s Gain

Monday, October 26th, 2009

European equities just saw a third straight session of gains, but has been underpinned by the mining sector. Banking stocks fell back down amidst concerns over required capital.
Gold prices have once again reached the $1,000 mark helped along by a positive assessment regarding the value of base metals presented by Goldman Sachs. This is largely due to the confidence slowly returning as the world recovers from the recent economic downturn.
Food producers also had some disappointed in a sharp drop after Cadbury rejected a £10.2bn offer from Kraft Foods.
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European Banks Facing Capital Push After OK On Tough New Rules

Monday, October 12th, 2009

After regulators approved some tough new rules put forward by the G20 nations that could force many European institutions to raise over €10bn in the coming months. Based on these new rules banks will need to hold extra capital in case of financial shocks. The committee has also agreed to new hard limits on the amount a bank can borrow, without exception this is no more than 25 times assets. Definite proposals are expected to be out by the end of 2009, while the end of 2010 should see an adjustment after an impact assessment is conducted.
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