The 6am Cut London
Spain has taken a 45 per cent stake in Bankia, reports the FT, and the country will force its banks to set aside tens of billions of euros in additional provisions against property...
The (early) Lunch Wrap
Good morning, New York…FT ALPHAVILLE Oh, Greek moratoria: Alexis Tsipras – head of Syriza and current owner of the mandate to form a coalition government is not too keen...
The 6am Cut London
Greece is heading for a clash with international lenders as the leftwing party Syriza called for the ripping up of a “barbarous” austerity programme underpinning its bailout...
The (early) Lunch Wrap
Good morning, New York…FT ALPHAVILLE Aviva CEO Andrew Moss steps down. It was probably pretty embarrassing to have his proposed pay packet rejected by 54 per cent of investors,...
The 6am Cut London
Spain is planning a state bail-out of Bankia, the country’s third biggest bank by assets, in a move likely to involve the injection of billions of euros of public money into the troubled lender,...
The Closer
ROUND-UPBank stocks led the S&P 500, which ended mostly flat, up 0.04 per cent to 1,369.58. The Dow Jones Industrial Average closed down 0.23 per cent at 13,008.53 (Reuters)....
The 6am Cut London – election edition*
Francois Hollande claimed victory in France and Greece’s two biggest parties were left without a clear majority in election results seen as a challenge to austerity policies,...
The (early) Lunch Wrap
Good morning, New York…FT ALPHAVILLE A Basel III bunfight: On Wednesday, European finance ministers failed to agree legislation that would enshrine Basel III bank capital rules into law....
The Closer
ROUND-UP US stocks closed down, with the Dow Jones Industrial Average knocked off its four-year high, after a recent bout of disappointing data. This has been reflected in the...
The 6am Cut London
The BoE should have “shouted from the rooftops” about risks before the financial crisis, Bank governor Mervyn King said in a speech on Wednesday night. (Financial Times)(Bloomberg)...
The Closer
ROUND-UPUS stocks limped into the close. The S&P 500 closed down 0.25 per cent to 1,402 and the DJIA fell 0.08 per cent to 13268. Weak ADP numbers added to the gloom spread...
The (early) Lunch Wrap
Good morning, New York…FT ALPHAVILLE China’s demand for commodities is different to the profile that other countries had at similar GDP per capita levels. We can...
