Banks

Spain banks don't need European rescue: Rajoy
Oman Daily Observer
CHICAGO — Spanish Prime Minister Mariano Rajoy (pictured) said he did not believe that Spain's banks would need rescuing by Europe. "I don't think so," Rajoy told journalists after arriving in Chicago to take part in a two-day Nato summit, ...

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UK banks are ready for Greek exit, says Bank of England adviser
The Guardian
Britain's banks are strong enough to withstand any Greek exit from the eurozone but need to keep bolstering their financial strength in the face of the escalating crisis, according to a member of a Bank of England regulatory body.

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BAY STREET-Resilient Canadian banks may go unrewarded
Reuters
Big lenders to report modest quarterly profit gains * Acquisitions, steadiness in loans to boost earnings * Trading revenue expected to hold back results * Bank of Montreal first to report on Wednesday * Greek debt crisis complicates outlook By Cameron ...

Report: Germany's central bank chief Weidmann warns against raising Greek risk ...
Washington Post
BERLIN — Bundesbank President Jens Weidmann has warned Europe's central banks not to increase their exposure to Greece because of the high level of political uncertainty there ahead of next month's elections. In an interview with German Sunday ...
Europen banks warned against raising Greek risk exposureEconomic Times

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Eurozone's banks are 'in tatters', says Ken Clarke
BBC News
Former chancellor Ken Clarke has said Europe's banking system is "in tatters", warning the UK is "heavily exposed" to potential problems. The justice secretary also told Sky News that Greek voters had to "face up to reality" by voting for parties ...

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JP Morgan Chase's billion-dollar boo-boo proof of need for regulation
The Star-Ledger - NJ.com (blog)
JPMorgan's billion-dollar boo-boo will spur federal regulators to finally crack down on reckless risk-taking by the big banks. The ultimate defense by those “smartest guys in the room” on Wall Street against proponents of tighter government regulation ...
Experts: JPMorgan's $2 billion loss a cautionary tale, but no huge surprisePittsburgh Tribune-Review
One-way street on Wall StreetAlbany Times Union (blog)
Return of the vampire squidTimes Daily
Reuters -Juneau Empire -BusinessWeek
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Rajoy Says Hollande Doesn't Know State of Spain Banks, Efe Says
Bloomberg
Spanish Prime Minister Mariano Rajoy said Francois Hollande doesn't know the situation of Spanish banks after the French president recommended an international bailout for the lenders, Efe newswire reported. “I don't think Mr. Hollande said that ...
Europe's debt crisis joins governments and banks at the hipLos Angeles Times
Europe's governments, banks perilously entwinedSacramento Bee
Greek politics, Spain banks test eurozone survivalBoston.com
Malaysia Star -Ninemsn
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Birth of new Greek drachma would be pained, rushed
Reuters
"The banks would collapse and you would have to nationalize them. You wouldn't be able to pay anyone except in coupons. There is only one (currency) printing press in Greece. It is in the museum in Athens and it doesn't work any more.
Greek exit depends on bank funding, not govtMoneycontrol.com
Europe's stricken banks wait for a rescue that never seems to comeThe Guardian
Greek banks strain for cashCNNMoney
Morningstar.com -CNBC.com -San Francisco Chronicle
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