Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  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
05:34a APPTIX ASA : Minutes from Extraordinary Shareholder Meeting
05:34a BELLWAY : Director/PDMR Shareholding
05:34a ATLAS MARA : Repurchase of Shares and Total Voting Rights Update
05:33a NEXTENERGY SOLAR FUND : Net Asset Value Per Share Higher In First Half
05:33a ULS TECHNOLOGY : Reports Higher First-Half Pretax Profit
05:32a GAS NATURAL SDG : Fenosa volunteers help to conserve the Serralada de Marina Park (Barcelona)
05:32a YAU LEE : Global VDC and GRAPHISOFT enter into Strategic Partnership to promote and develop advanced BIM Technologies for the Construction Industries of Hong Kong and Asia
05:32a YAU LEE : Global Virtual Design and Construction Limited and ESRI China (Hong Kong) Announce a Memorandum of Understanding for a Strategic Partnership
05:32a YAU LEE : Global Virtual Design and Construction Limited (GVDC) Announces GVDC is now with Kalloc Studios as a Strategic Collaboration and Reseller Partnership for Singapore, Malaysia, Hong Kong and Guangdong Province of China
05:32a EIB EUROPEAN INVESTMENT BANK : Slovenia: EIB supports with EUR 500 million co-financing with EU grants including potential projects addressing the refugee crisis
Latest news
Hot News 
BANCO ESPIRITO SANTO : Caparao Energia Completes Project Financing of USD5.2 Million for Fumaca IV Hydro Power Plant in Minas Gerais and Espirito Santo States, Brazil
UBS : Outlook for Switzerland: EUR/CHF drives Swiss National Bank policy
EKF DIAGNOSTICS : Shares Halve In Value On Profit Warning For 2015
ULS TECHNOLOGY : Reports Higher First-Half Pretax Profit
Most Read News
11/25 Heart Disease Patients Who Sit a Lot Have Worse Health Even if they Exercise
03:08a General Atlantic and Warburg Pincus make investment in Network International as Abraaj exits
11/25 DALIAN COMMODITY EXCHANGE : DCE holds Forum on Integrity in Changchun
11/25 RSPO ROUNDTABLE ON SUSTAINABLE PALM OIL : Termination and Suspension of RSPO Membership Announcements, 17 November 2015
11/25 AHF Commemorates World AIDS Day on Dec. 1; Celebrates Reaching Milestone of 500,000 Patients Globally
Most recommended articles
05:30aDJFELDA GLOBAL VENTURES BHD : 3rd-Quarter Net Loss Widens
05:24aDJEUROPE MARKETS : European Stocks On Course For Three-month High
05:22a VW's Audi suspends two engineers in emissions probe
05:15a China regulator orders brokerages to halt OTC swap lending - sources
05:15aDJSpain's Economy Expands