Richard Woolnough: UK banks facing downgrades Money Marketing M&G fund manager Richard Woolnough says UK banks are facing downgrades as part of a wave of credit rating cuts in the European banking sector set to deepen the eurozone crisis. Speaking at a Fidelity FundsNetwork investment forum on Friday, ...
Bank of England's Posen: some European banks need more capital Reuters UK TOKYO (Reuters) - Bank of England policymaker Adam Posen said on Monday that the ongoing euro zone crisis is not just a result of Greece's debt problems but that some of the area's banks are insufficiently capitalised. European governments have not ...
Funds' €60bn to buy European bank debt Financial Times By Robin Wigglesworth in London Hedge funds and private equity firms have amassed almost €60bn to buy loans from stricken European banks in coming years as many of the continent's lenders seek to shrink their way to health, according to a PwC survey. WHAT THE OTHER PAPERS SAY THIS MORNINGCITY A.M.