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Banking

WireTap 1400 26/04/12

A round-up of the key stories across the specialist financial media, including news that earnings at some of Europe's largest banks have been heavily impacted by the eurozone crisis


Eurozone woes keep banks wary after Q1 bounce

Earnings from some of Europe''s top banks showed the scars of the eurozone crisis on Thursday, with big losses on Spanish property and fragile economic recovery likely to dampen an early investment banking rebound.

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Geithner says economy faces risk from Europe crisis, Iran

US Treasury Secretary Timothy Geithner said the US faces risks from the crisis in Europe while the confrontation with Iran has helped drive up oil prices.

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Traders doubt monetary easing will weaken yen

The yen strengthened against other main currencies on Thursday ahead of a meeting of the Bank of Japan due during the next session as market participants grew cautious over how much extra monetary easing the central bank would announce.

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Dutch budget talks continue

Dutch Finance Minister Jan Kees de Jager continued talks on Thursday with three left-leaning opposition parties in an effort to reach agreement on the 2013 budget ahead of a key debate in parliament later in the day and a European Commission deadline next week.

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Europe seen adding growth to budget rules as focus shifts

Europe might add an annex to its budget treaty spelling out how countries can boost growth as the bloc shifts its emphasis on tackling the debt crisis, a German government official says.

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