Fiat recapitalises auto business 31 Oct 2002 Actually, all it appears to be doing is cancelling intracompany loans to its ailing auto business, not injecting fresh capital.
Deutsche Bank turns in a lousy Q3 31 Oct 2002 Deutsche has not managed to escape the troubles besetting its German peers, and has taken a whopping E790m provision for bad debts. On top of that, revenues have slumped. True, planned cost savings are on track. But they were not enough to compensate.
Latin America weighs again on SCH and BBVA 30 Oct 2002 Spain s two biggest banks must wish that Latin America was more like Europe. Negative real interest rates in Spain means domestic business is booming. The reverse is true for their Latam businesses.
Credit Lyonnais stalking game enters new phase 24 Oct 2002 Credit Agricole is still the front runner to buy the French bank, eventually. But its fallen share price makes it even harder to do what always looked like a difficult deal. Time for new tactics, then.
HVB more than doubles loss provisions 23 Oct 2002 So far, most investors have focused on Commerzbank s problems. But HVB, Germany s second biggest bank, is doing no better. By some measures, its capital position is even worse.
European governments hear siren calls for subsidy 22 Oct 2002 It is easy to see why they are tempted to respond, especially when jobs are at risk. But it is counterproductive for governments to intervene to protect specific institutions.
Unicredito should take a look at BNL 22 Oct 2002 At current prices, BNL is cheap. Even if its earnings don t recover, Unicredito could pay a chunky premium and still make a decent return. But price is likely to be a sticking point, which may help explain Unicredito's coyness.