Just when the consensus was embracing new leadership in the markets by financials, particularly banks, following Mario Draghi’s now famous “I’ll do whatever it takes to save the Euro” speech last summer, another speech, now retracted, by Dutch Finance Minister and President of the Eurogroup of Eurozone finance ministers Jeroen Dijsselbloem that uninsured deposit holders could be asked to bail out (recapitalise) banks in the future as per Cyprus has sent the sector into a tail spin - or at least forced some profit taking.
The Cypriot debt-crisis is a timely reminder that the problems in the Eurozone are not over and that economic recovery for the region is on a fragile, uneven trajectory, but the Eurozone Financial Services Forecast predicts that, while localized problems can’t be ruled out, the collective pain for the financial services sector in the Eurozone is almost over.
Both the Dow Jones and S&P 500 share indexes have reached new all-time highs on Wall Street.
Mergermarket, an independent and proprietary M&A data and intellience service, released its Q1 2013 league tables for financial advisers for Global M&A Round-up.
The Euro is starting to resemble a boxer who's too tired to keep up his guard.
London Stock Exchange have welcomed esure Group to open its UK markets, marking the start of unconditional dealings in its shares following its successful IPO.
The Financial Services Authority (FSA) has fined companies in the Prudential Group (Prudential) a total of £30 million for breaching FSA Principles and UKLA Listing Principles.
The Financial Services Authority (FSA) and the Bank of England have published the results of their review (the Review) into barriers to new entrants to the banking sector.
The number of M&A deals completed in the first quarter of 2013 fell significantly compared to the record levels seen at the end of 2012, according to data in the latest edition of Towers Watson’s Quarterly Deal Performance Monitor (QDPM).
For a bailout designed to keep Cyprus from exiting the Eurozone, it is ironic that the terms appear destined to destabilise the single currency.