Tag Archives: Banks

FTSE heads back toward record, banks a drag on European stocks

Strength in bluechip exporters helped the UK’s benchmark index inch back towards an all-time high on Thursday and outperform broader European markets where weakness in banks weighed. Euro zone stocks rose 0.2 percent. The FTSE 100, meanwhile, was up 0.5 percent, just shy of a record high it hit in the previous session. UK-listed multi-national firms, which dominate… Read More »

Small banks rally pauses but may not be over yet

The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks .SPSMCBKS has surged more than 20 percent since Trump’s surprise Nov. 8 victory, while… Read More »

Taxpayer bailouts for banks ‘too big to fail’ to end by 2022

The UK’s banks should no longer be “too big to fail”, under revised rules announced by the Bank of England. The regulations will force banks to hold enough money from their investors to absorb losses without help from the taxpayer. If any bank does face collapse, the funds will be spent to finance an orderly wind-down. The Bank’s… Read More »

Banks, tech companies move on from bitcoin to blockchain

As a debate raged across the internet Monday over whether the mysterious founder of the bitcoin digital currency had finally been identified, executives at a major bitcoin conference in New York had a simple message: we’ve moved on. That’s because bitcoin, the digital currency, has largely been supplanted by blockchain, the technology that underlies it, as the main… Read More »