European Central Bank, US Federal Reserve and four other central banks announced coordinated action on Sunday to boost liquidity in US dollar swap arrangements
Shares in European lenders are set to decline Monday, extending last week’s rout, as sentiment remains fragile even after UBS Group AG agreed to buy Credit Suisse Group AG in a government-brokered deal.
Futures of the Euro Stoxx Banks Index were 3.8 per cent lower as of 6.51am in Paris on Monday amid thin volumes. The wider benchmark slumped 12 per cent last week, wiping out about €111 billion of market capitalisation and almost erasing ...
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