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 | 09:16pm 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

React to this article
Latest news
Date Title
15m ago PETROLEO BRASILEIRO PETROBRAS : Governing party senator got Petrobras money, Brazilian newspaper reports
23m ago AL TAYYAR TRAVEL SJSC : -Tayyar stock looks for direction
29m ago FAIRPOINT COMMUNICATIONS : Monday, Nov. 24, 2014: FairPoint, national park, fossil fuels
30m ago ST JOSEPH : Saturday's Maine sports scores
52m ago Latest Promise of Easing from ECB Keeps Euro Rebound at Bay
1h ago Syria's government spending to increase by 12 percent in 2015 - agency
1h ago Italian media say EU to approve Rome's 2015 budget
1h ago EGYPTIAN FOR FOODS BISCO MISR : UAE's Abraaj says raises offer price for Egypt's Bisco Misr
1h ago AIRBUS : Oman Air, Airbus showcase the exciting future of flying
1h ago VIVENDI : 'Warcraft' film teased at BlizzCon expo
Latest news
Advertisement
Hot News 
SNOOZEBOX : Providing Temporary Hotel For Premier Oil
FAIRFX : Taps John Pearson To Replace Co-Founder As Chairman (ALLISS)
MOL GLOBAL : ATTENTION MOL GLOBAL SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of MOL Global, Inc.
S&P 500 MOVERS : Gme, rost
FULLER SMITH & TURNER : Pub operator Fuller's first-half profit rises 8 pct
Most Read News
1d ago HORNBY : Half Yearly Report
1d ago COMCAST : United States: Faulty Damages Model Leads To Partial Decertification
1d ago DUKE ENERGY : OUCC urges denial of Duke infrastructure plan
1d ago MERCHANTS BANCSHARES : Announces Appointment of Chief Executive Officer of Merchants Bank
1d ago HERTZ GLOBAL : Appoints John P. Tague President And Chief Executive Officer
Most recommended articles
51m ago Latest Promise of Easing from ECB Keeps Euro Rebound at Bay
1h ago Syria's government spending to increase by 12 percent in 2015 - agency
1h ago Italian media say EU to approve Rome's 2015 budget
1h ago Mexico cuts 2014 growth forecast after surprisingly weak third quarter
1h ago Saudi Mobily suspends CEO after results shock
Dynamic quotes  
ON
| OFF