The European Banking Authority (EBA) has revealed the results of the 2016 stress test, conducted among 51 banks located in the EU and the European Economic Area, concluding that the banking sector had significantly shored up its capital base. The test was the first major health check on the European banking sector in two years, […]
Two private market investors with bases in Switzerland are set to boost their Eastern European property fund management operations after Allied Irish Banks agreed to sell its Polish property fund subsidiary and interests in two regional funds.
Europe-wide banking regulator the European Banking Authority will publish results of stress tests for 91 banks across the region later today, once markets have closed.
Ratings agency Moody’s has cut the rating of Ireland’s five main banks to junk status, mirroring its downgrade of the sovereign’s debt, while European authorities are attempting to assuage onlookers Ireland’s economy is on the mend.
Allied Irish Banks (AIB) has announced pre-tax losses of over €12bn for 2010, plunging €9.4bn deeper into the red compared with the previous year as it continues to pay the price of bad loans made to property developers leading up to the financial crisis.
Allied Irish Banks (AIB) is the first of Ireland’s five main banks to dump banking and asset management stakes in a capital raising effort, after it emerged the banks need to find an extra €24bn of funding.