What are AT1 bonds and why are Credit Suisse s now worthless? ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
‘We cannot because we would go above 10 per cent. It’s a regulatory issue,’ Saudi National Bank Chairman Ammar Al Khudairy was quoted as saying by Reuters
European shares fell on Wednesday as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European STOXX 600 index fell 2.5 per cent by 1118 GMT, languishing at 10-week lows, as was the banks sector index after plunging nearly 6 per cent.
Rising interest rates have a sting in the tail for Europe s banks | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
By John O'Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleague.