The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

WireTap 0900 17/05/12

A round-up of the key stories across the specialist financial media, including news that the ECB is to temporarily stop lending to some Greek banks

ECB stops loans to some Greek banks as Draghi talks exit

The European Central Bank says it will temporarily stop lending to some Greek banks to limit its risk as president Mario Draghi signalled the ECB won’t compromise on key principles to keep Greece in the euro area.

Click here for the full story

HSBC says turnaround plan on target, costs cut by $2 billion

HSBC, Europe''s biggest bank, says it cut costs by $2 billion after one year of a three-year turnaround plan, and is on target to meet its return on equity and other financial targets.

Click here for the full story

Spain bids to pin down real-estate losses

Spain’s government will on Thursday announce the appointment of BlackRock and Oliver Wyman as independent valuers of the real-estate loans that lie at the heart of the country’s banking crisis.

Click here for the full story

RBC, Credit Suisse among bidders for BofA wealth units: sources

Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-US wealth management business of Bank of America in a deal that could be worth about $2 billion, sources say.

Click here for the full story

SEC probes role of hedge fund in CDOs

US securities regulators are investigating hedge-fund firm Magnetar Capital LLC, which bet on several mortgage-bond deals that wound up imploding during the financial crisis, according to people familiar with the matter.

Click here for the full story

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree