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Banking

WireTap 0900 16/02/12

A round-up of the key stories across the specialist financial media, including news that a high-ranking eurozone official is optimistic that a long-awaited accord with Greece will soon be wrapped up

Optimism grows for Greek accord

A top eurozone official on Wednesday expressed optimism that a long-awaited accord with Greece could be wrapped up soon, potentially clearing the way for a new bailout and debt restructuring.

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Asian stocks decline, led by banks, miners, amid rekindled Europe concern 

Asian stocks fell, with the region’s benchmark index retreating from a six-month high, after a second bailout for Greece was postponed and Westpac Banking Corp reported lower earnings.

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Moody's warns may downgrade 17 global banks, securities firms

Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the eurozone debt crisis is spreading throughout the global financial system.

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Olympus ex-chairman and six others arrested

Three former executives at Olympus Corp, including ex-chairman Tsuyoshi Kikukawa, and four others were arrested for suspected violation of Japan’s Financial Instruments and Exchange Act. 

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Apple falls, drags Wall Street lower 

Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.   

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