- PARIS (Reuters) - The likely victory of Socialist presidential frontrunner Francois Hollande will cast a shadow over upcoming earnings statements by Frances biggest banks as they struggle to avoid a regulatory crackdown. (Reuters UK)
- Banking stocks have provided investors with strong gains in the first quarter, the SPDR SP Bank ETF (KBE) is up nearly 18 percent year-to-date. (msnbc.com)
- HONG KONG — China's banks are among the biggest and most profitable financial institutions in the world. But the state-backed banks are also starved for capital, after an aggressive lending spree that was encouraged by the government. (New York Times)
- Spain may need to use more public money to shore up its banks, the International Monetary Fund said, as it raised the possibility of lenders offloading toxic assets into separate vehicles. (Bloomberg)
- The loan is being marketed to banks in senior syndication and Alibaba expects to complete the facility at this stage, with enough commitments from banks to avoid further syndication. (Bloomberg)
Thursday, April 26, 2012
Banks
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