European Banks News
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FRANKFURT, Jan 7 (Reuters) - Gold and gold receivables held by euro zone central banks totalled 218.415 billion euros as of Jan. 2, the European Central Bank said on Wednesday.
Source: fxstreet.com
ECB Gold Reserves -EUR2 Billion, Forex +EUR12.5 Billion In Week To Dec 31
FRANKFURT -(Dow Jones)- The Eurosystem's reserves of gold and gold receivables decreased EUR2 billion to EUR217.722 billion in the week ended Dec. 31, the European Central Bank said Wednesday.
Source: fxstreet.com
CA-BUSINESS Summary
TORONTO (Reuters) - Toronto's main stock index opened sharply lower on Wednesday after a six days of gains, pulled lower by oil and gold shares as commodity prices dropped. The S&P/TSX composite index was down 204.36 points, or 2.16 percent, at 9,267.73.
Source: globeinvestor.com
Most EU banks not using looser accounting rules
BRUSSELS, Belgium (AP)—Most European banks and blue chip companies are not using looser accounting rules allowing them to revise upward the value of complex investments which depreciated during the financial crisis, EU market supervisors said Wednesday….
Source: hosted.ap.org
ECB Gold Reserves -EUR6 Million, Forex -EUR7.1 Billion In Week To Jan 2
FRANKFURT -(Dow Jones)- The Eurosystem's reserves of gold and gold receivables decreased EUR6 million to EUR218.415 billion in the week ended Jan. 2, the European Central Bank said Wednesday.
Source: fxstreet.com
Basel panel for focus on stress testing
Committee suggests forward-looking risk assessment by banks to avoid financial crisis in future.
Source: business-standard.com
Bank of America sells shares in Chinese bank
(AP:BEIJING) Bank of America Corp. raised more money Wednesday to cope with U.S. economic turmoil by selling part of its stake in China Construction Bank Ltd., China's second-biggest commercial lender, for $2.8 billion.
Source: news.ino.com
Smart card makers investigated by EU
Sniffing around for a cartel. The European Commission is investigating a possible cartel among manufacturers of the smart card chips used in payment cards and mobile phones, it said Wednesday.
Source: rss.feedsportal.com
Euro crosses $1.37 in European trading
BERLIN (AP) — The euro recovered much of its strength against the U.S. dollar Wednesday, rebounding from a three-week low and crossing $1.37 in mid-afternoon European trading.
Source: syracuse.com
Bank of America sells shares in Chinese bank
BEIJING (AP) - Bank of America Corp. raised more money Wednesday to cope with U.S. economic turmoil by selling part of its stake in China Construction Bank Ltd., China's second-biggest commercial lender, for $2.8 billion. Bank of America sold 5.62 billion Construction Bank shares in a move that reduced its stake from 19.1 percent to 16.6 percent, according to a sale sheet viewed by The ...
Source: news-record.com
