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
Recommend:
0

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

Recommend :
0
React to this article
Latest news
Date Title
<1m ago PV CRYSTALOX SOLAR : Interim Results
<1m ago PV CRYSTALOX SOLAR : Price Monitoring Extension
<1m ago PV CRYSTALOX SOLAR : Price Monitoring Extension
<1m ago CRESCENDO BHD : Notice of Shares Buy Back by a Company pursuant to Form 28A
<1m ago RECM AND CALIBRE : Results of AGM – 20 August 2014
<1m ago LENI GAS & OIL : Goudron Drilling Update, GY-668
<1m ago LENI GAS & OIL : Drilling Report
<1m ago ITALTILE : reports double-digit organic growth in challenging market
<1m ago ITALTILE : Preliminary profit announcement, reviewed Group results
<1m ago UKRAINIAN EXCHANGE : Securities of CNVMF "Invest center 1" are transferred to the 2nd tier of the Quotation list
Latest news
Advertisement
Hot News 
IOMART : founder supports takeover
RECTIFIER : Patent Issued for III-Nitride Semiconductor Device with Stepped Gate
VITEC : An Application for the Trademark "BATTERY PAIN SCALE" Has Been Filed by Vitec Group
RTL : cuts 2014 outlook on new advertising tax in Hungary
PACIFIC ASSETS : Monthly Fact Sheet
Most Read News
1d ago HEWLETT PACKARD : posts surprise revenue gain after PC sales jump
1d ago JPMORGAN, BOFA TO RAISE JUNIOR BANKER PAY BY 20 PERCENT : sources
1d ago CITIGROUP : About 25 percent of Detroit's water and sewer bonds tendered so far
1d ago VERIZON COMMUNICATIONS : Wireless : Named Top In Overall Network Performance In Virginia In Report By RootMetrics®
1d ago AEROPOSTALE : Ex-Aeropostale executive gets eight years prison over kickbacks
Most recommended articles
1m ago G20 gets ready for new bout of rulemaking for financial industry
1m agoDJEuropean Stocks Flat Ahead of Euro Zone Economic Data
2m ago G20 edging towards deal on 'bail-in' bond cushion for banks
4m ago MCDONALD : Russia making checks at McDonald's in two more regions - Ifax
7m agoDJCURRENCIES : Dollar Extends Gains Against Yen On Hawkish FOMC Minutes
Dynamic quotes  
ON
| OFF