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  • Britain is unlikely to join the European Union's banking union, which is centred on the euro zone, as it is not needed for being part of the wider EU single market, Bank of England Deputy Governor Jon Cunliffe said on Thursday. Cunliffe told a committee of Britain's upper house of parliament that he did not expect Britain …

  • European banks slumped to new multi-year lows on Thursday, with concerns mounting over their profitability in a low-growth and low-interest rate environment. The STOXX Europe 600 Banks index fell 6 percent ...

  • A top European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and miners, with Societe Generale sliding after disappointing results. "The rate of dividend cuts at the moment is higher than in 2008.

  • (ShareCast News) - European stocks took a battering in early trade, with banks and energy issues pacing the decline, as oil prices slid.

  • (ShareCast News) - The draft accord between the United Kingdom and the European Union on modifying the terms of Britain's membership ran into some opposition from France and a group of Eastern European ...

  • European shares knocked back by banks and miners Reuters - UK Focus - 4 hours ago

    European shares fell on Thursday, led down by a renewed drop in banks and miners, with Societe Generale and Rio Tinto both under pressure after disappointing with their latest results. The pan-European ...

  • (ShareCast News) - European stocks took a battering on Thursday, with banks and energy issues pacing the decline, as oil prices slid and investors fled to safety.

  • Europe Stocks Recover Despite New Asia Plunge

    European stock markets including the FTSE 100 (NasdaqGS: Z - news) have rallied following days of losses as investors moved to snap up bargains and reacted to some more positive news for banks. The progress was dented after investors failed to see signs of a pullback in the US Federal Reserve's predicted path for interest …

  • Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking ...

  • The European Union and the United (Shenzhen: 000925.SZ - news) States agreed on Wednesday to accept each other's derivatives rules in a long-awaited step to avoid splitting the $550 trillion market. The bulk of derivatives are traded in New York and London but for the past three years the EU and United States had been …

  • A draft accord to help keep Britain in the European Union is "very fragile", a top EU official warned on Wednesday as France and eastern states pushed for changes before leaders meet to try and seal the deal next week. European Council President Donald Tusk, who agreed reform proposals last week with British Prime Minister …

  • EU mergers and takeovers (Feb 10) Reuters - UK Focus - 17 hours ago

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. office supplier Staples to acquire U.S. rival Office Depot ...

  • EU antitrust regulators are investigating several banks for possible rigging of the $1.5 trillion government-sponsored bond market, two people familiar with the matter said on Wednesday. The investigation is the latest in a series of actions against suspected wrongdoing in financial services, including alleged attempts …

  • France's finance minister said on Wednesday British banks must not win special treatment under a proposed European Union reform package aimed at keeping Britain in the bloc after French banks warned the proposals were unfair. "There are several proposals, several ambiguities, in the texts that could allow one to think …

  • (ShareCast News) - European stocks racked up solid gains on Wednesday, with banks surging ahead following heavy losses in the previous session and after the chair of the US Fed told Congressmen that financial ...

  • Negotiations between London and other EU states to help keep Britain in the European Union are "very fragile", European Council President Donald Tusk said on Wednesday, though he said he still hoped for a deal at a EU summit next week. "I am in a process of intensive talks about my proposal for the UK settlement," said …

  • The number of Britons who back remaining in the European Union is level with those wanting to leave in the bloc, with support for an exit growing, according to an opinion poll on Wednesday. The ICM online poll found 42 percent favoured ending Britain's membership of the EU with 41 percent wanting to stay and the remainder …

  • Talks between Britain and other European Union governments on a deal to keep London in the 28-nation bloc are fragile, the chairman of bloc's leaders said, but added he was confident a deal would be found ...

  • European shares were on course to snap a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30-year lows. Gains were slightly reduced after ...

  • (ShareCast News) - The European Union and the US have reached an agreement over derivatives that will see them adopt a "common approach" to clearing houses' requirements, ending a long-standing ...

  • LONDON/ROME, Feb 10 (Reuters) - Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday's industrial output data for Britain, France and Italy followed news a day earlier of a …

  • Austria's Voestalpine (EUREX: 414921.EX - news) expects duties on cheap imports to take the pressure off Europe's steel industry this year following its worst downturn in about a decade. European steel companies are struggling to cope with sharp price falls and growing overcapacity as China and Russia are accused of exporting …

  • EU, US reach deal over derivatives - source Reuters - UK Focus - 23 hours ago

    The European Union and the United States have agreed to recognize each other's derivatives rules to avoid punitive capital charges on banks, a source close to the talks said on Wednesday. Both sides of ...

  • The European Union's executive body has proposed delaying the bloc's sweeping reform of securities markets by a year to January 2018, saying that banks and regulators need more time to prepare. The so-called MiFID II rules play catch-up with advances in trading technologies, increase transparency in bond and commodity …

  • Continuum®, the IT management platform company, is hosting its inaugural European Partner Day on Wednesday, February 17, 2016 at the Churchill War Rooms in London, England with a sold out crowd, including Europe’s top MSP partners. Tracy Pound, CompTIA faculty and Managing Director at Maximity Ltd., providing IT …

  • GLOBAL MARKETS-Banks lead Europe shares higher, oil up before Yellen Reuters - UK Focus - Wed, Feb 10, 2016 12:35 GMT

    European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Investors and traders awaited Congressional testimony from Federal Reserve Chair Janet Yellen for clues to …

  • European shares snap 7-day losing streak as Deutsche Bank surges Reuters - UK Focus - Wed, Feb 10, 2016 11:40 GMT

    LONDON/MILAN, Feb 10 (Reuters) - European shares snapped a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30-year lows. The pan-European FTSEurofirst 300 index, which had fallen 1.6 percent to its lowest point since September 2013 on Tuesday, was up 2.1 …

  • European banking's slow-motion crisis is picking up speed — and it's all a lot simpler and scarier than you think

    You know it's bad when the finance minister of Germany has to publicly state he has "no concerns" about his country's biggest lender –Deutsche Bank – as Wolfgang Schauble did on Tuesday while bank shares plummeted. The business models available to European banks, the methods by which they make money on a consistent basis, …

  • EU executive proposes one-year delay to 2018 for new securities rules Reuters - UK Focus - Wed, Feb 10, 2016 10:00 GMT

    The European Union's executive body has proposed a one-year delay to January 2018 for the bloc's sweeping reform of securities markets rules, saying banks and regulators needed more time to prepare. The European Commission said on Wednesday the anticipated delay was due to "exceptional technical implementation challenges" …

  • (ShareCast News) - European stocks pushed higher in early trade, bouncing back from heavy losses in the previous session as investors sifted through a slew of earnings and looked to Federal Reserve chair ...

  • European shares up from 2-year lows as Deutsche Bank and Unibet surge Reuters - UK Focus - Wed, Feb 10, 2016 09:17 GMT

    The pan-European FTSEurofirst 300 index, which had fallen 1.6 percent to its lowest point since September 2013 on Tuesday, rose 1.5 percent. The euro zone's blue-chip Euro STOXX 50 index also gained 1.9 percent. Shares (Berlin: DI6.BE - news) in gambling group Unibet surged 9.3 percent after the company's fourth quarter …

  • The inundation of irrelevant communications and junk mail is pushing European consumer loyalty to breaking point with the majority (84 per cent) ready to take action against brands, according to new research commissioned by Ricoh Europe. Irrelevant communications, both online and paper-based, are a huge bug-bear for …

  • NORWAY GAS-Flows to Europe rise on higher deliveries to Britain, Germany Reuters - UK Focus - Wed, Feb 10, 2016 08:56 GMT

    Norwegian gas exports to Europe rose on Wednesday due to increased deliveries to Britain and Germany, Norway's gas system operator Gassco said. Total gas flows to Europe were running at 347 million cubic ...

  • MORNING BID EUROPE-EU founders warn against "selfish interests" Reuters - UK Focus - Wed, Feb 10, 2016 08:17 GMT

    Meeting in Rome, Germany, France, Italy, Belgium, the Netherlands and Luxembourg pledged to pursue a closer union but said they were concerned about the state of the European project. The European Commission weekly meeting also focuses on the migration crisis a week ahead of EU summit on the same issue. No major decisions …

  • Unibet surges as European stocks edge up off 2-year lows Reuters - UK Focus - Wed, Feb 10, 2016 08:15 GMT

    European shares rebounded back up on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and signs of corporate takeover activity. The pan-European FTSEurofirst ...

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