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Banking

WireTap 1400 14/05/12

A round-up of the key stories across the specialist financial media, including news that uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors on Monday


Eurozone risks spark broad-based sell-off 

Uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors on Monday, sending the single currency and European shares down to near four-month lows.

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Stocks slide again on eurozone worries 

Growth-focused assets are once again in retreat as continuing worries over the eurozone counteract news of more monetary easing in China. 

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Moody''s warns on Spanish banks

Spanish banks will remain vulnerable to rising loan delinquencies even after they set aside €30 billion ($38.75 billion) in newly announced real-estate loss provisions, Moody''s Investors Service warns on Monday, highlighting mounting concerns about the country''s ailing financial sector. 

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Infosys seen needing French deal to lift value 

Infosys, India’s second-largest software-services exporter, is seeking European acquisitions as it trades at its lowest valuation since the financial crisis – turning French companies, from Sword Group to GFI Informatique, into potential targets.

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India inflation quickens, curbing room for cutting rates 

Indian inflation unexpectedly accelerated in April, crimping the central bank’s scope to bolster economic growth by extending interest-rate cuts. Stocks fell, reversing earlier gains.

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