Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Europe Banks To Double Crisis Loans From ECB

01/30/2012 | 10:16pm US/Eastern

Some European banks plan to tap the European Central Bank's emergency funding program for up to twice as much as the ECB supplied in its EUR489 billion ($643 billion) auction last month, the Financial Times newspaper reported Monday on its website, citing unnamed bank executives.

"Banks are not going to be as shy second time round," the report quoted the head of one eurozone bank as saying at last week's World Economic Forum in Davos, Switzerland. "We should have done more first time."

The report said several of the eurozone's biggest banks have told the newspaper they might double or triple their request for funds in the ECB's three-year money auction Feb. 29.

Three bank chief executives, who asked to remain anonymous, said they were planning to increase their participation twofold or threefold, the report said.

Full story: http://www.ft.com/intl/cms/s/0/09ab9542-4b6d-11e1-b980-00144feabdc0.html#axzz1kzK ZlLx

Latest news
Date Title
2m ago JETBLUE AIRWAYS : Offers Bostonians Even More Opportunities for Caribbean and Latin American Getaways
9m ago TESLA MOTORS : Kyodo Top12 News (18:45)
10m ago ABBRFD : Webinar - Improving Reliability and Productivity in Harsh Sanitation Environments
10m ago CHUBU ELECTRIC POWER INCORPORATE : Partial Revision of Work to be Performed for Enhanced Safety Measures Related to Hamaoka Nuclear Power Station
10m ago EMPIRE DISTRICT ELECTRIC : The Empire District Gas Company Reminds Customers to be Alert for Natural Gas Odor
10m ago FUJITSU : Unite Members Win CAC Battle for Disclosure of Fujitsu Pay Structure
10m ago HAWAIIAN ELECTRIC : Apologies for Delay in Restoring Power to Central Oahu Customers
10m ago PEPCO : Atlantic City Electric Donates Smoke Alarms to Burlington County
10m ago FREDERICK COUNTY BANCORP MD : Election Results to Be Available on County Website, FCG-TV & Social Media Sites
10m ago PEPCO : Berliner and Feldman Call on Public Service Commission to Halt Potomac Tree Cutting Letter Calls Pepco's Efforts 'Destructive, Unreasonable,' Asks...
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Angola brings oil firm Sonangol into local BES bank
1SPATIAL : Interim Results for the six month period ended 31 July 2014
ULS TECHNOLOGY : Plunges As Improved Results Still Won't Meet Forecasts
REGIONAL MANAGEMENT : NYSE stocks posting largest percentage decreases
OPLINK COMMUNICATIONS : posts 1Q profit
Most Read News
1d ago J.P. MORGAN FOUND HACKERS THROUGH BREACH OF CORPORATE EVENT WEBSITE : media
1d ago GRUPO CARSO DE C V : Mexico could help realise Central America economic plan - ministry
1d ago EXCLUSIVE - U.S. PROBING STANDARD CHARTERED OVER DUBAI BANKING : sources
1d ago NETFLIX : Amazon hits back in on-demand TV war with Netflix: Comedy drama Transparent hailed as internet service's answer to House of Cards
1d ago Herbalife to pay $15 million to settle class action lawsuit
Most recommended articles
20m ago CARLOS SLIM : KPN's America Movil board member sells part of KPN stake
23m ago Meyer Burger CEO says no current plans to raise more capital - paper
1h agoDJChina Manufacturing Falls to Five Month Low -- 2nd Update
5h ago China's October factory growth unexpectedly hits five-month low - official PMI
5h ago CHINA'S OCT FACTORY GROWTH UNEXPECTEDLY HITS FIVE-MONTH LOW : official PMI
Dynamic quotes  
ON
| OFF