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Google News: Banks must beware of ECB medicine
[Financial Times] - By Patrick Jenkins On average there are probably banks in Europe that each has €1bn more to lend than it did a couple of months ago. Should we rejoice? Most of the additional money – more than €1tn – has come through a double-whammy of European
Google News: Wells Fargo plans global expansion drive
[Financial Times] - By Patrick Jenkins in London Wells Fargo, the US's largest bank by market value and the epitome of domestically focused American banking, has drawn up plans to build up its international operations. The group wants to expand into 20 markets around the
Google News: UK banks to issue new equity for bonuses
[Financial Times] - By Patrick Jenkins in London Britain's big banks are issuing an aggregate £2.7bn of new equity to fund staff bonuses and other pay-outs after pressure from regulators to keep capital levels high. Traditionally banks have funded a large proportion of
Google News: Weak housing data worry bad bank owner
[Financial Times] - By Patrick Jenkins and Adam Jones in London UK Asset Resolution, the state-owned “zombie” bank that inherited the bulk of the legacy loans of failed lenders Northern Rock and Bradford & Bingley, cut the amount it owes the UK government by £2.1bn to
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