European Union leaders have agreed on a bank recapitalization plan, but the deal will only go ahead when the other parts of the EU's crisis package are completed, UK Prime Minister David Cameron told reporters Wednesday evening.
https://mninews.deutsche-boerse.com/acl/update-eu-leaders-reach-accord-bank-recapitalization-plan
European Union leaders meeting in Brussels said they reached agreement on a plan to recapitalize the region’s banks. The leaders released a statement after the meeting ended which tracked drafts circulated earlier today.
http://www.bloomberg.com/news/2011-10-26/eu-leaders-reached-agreement-on-european-bank-recapitalization.html
U.S. Stocks Advance as EU Leaders Agree on Bank Plan
U.S. stocks rose, following the biggest decline in three weeks for the Standard & Poor’s 500 Index, as Europe reached an agreement on plans to recapitalize banks and American economic reports surpassed forecasts.
The S&P 500 gained 1.1 percent to 1,241.99 at 4 p.m. New York time, according to preliminary closing data, after falling as much as 0.7 percent earlier.
“This European situation has been kicked down the road far enough,” Peter Sorrentino, a senior fund manager at Huntington Asset Advisors in Cincinnati, which oversees $14.5 billion of assets, said in a telephone interview. “There’s a general feeling that we’re coming close to perhaps not the final chapter in this, but the next chapter in terms of getting the banks recapitalized and keeping the system from locking up.”
http://www.bloomberg.com/news/2011-10-26/u-s-stock-index-futures-rise-amazon-slides-as-profit-slumps.html
https://mninews.deutsche-boerse.com/acl/update-eu-leaders-reach-accord-bank-recapitalization-plan
European Union leaders meeting in Brussels said they reached agreement on a plan to recapitalize the region’s banks. The leaders released a statement after the meeting ended which tracked drafts circulated earlier today.
http://www.bloomberg.com/news/2011-10-26/eu-leaders-reached-agreement-on-european-bank-recapitalization.html
U.S. Stocks Advance as EU Leaders Agree on Bank Plan
U.S. stocks rose, following the biggest decline in three weeks for the Standard & Poor’s 500 Index, as Europe reached an agreement on plans to recapitalize banks and American economic reports surpassed forecasts.
The S&P 500 gained 1.1 percent to 1,241.99 at 4 p.m. New York time, according to preliminary closing data, after falling as much as 0.7 percent earlier.
“This European situation has been kicked down the road far enough,” Peter Sorrentino, a senior fund manager at Huntington Asset Advisors in Cincinnati, which oversees $14.5 billion of assets, said in a telephone interview. “There’s a general feeling that we’re coming close to perhaps not the final chapter in this, but the next chapter in terms of getting the banks recapitalized and keeping the system from locking up.”
http://www.bloomberg.com/news/2011-10-26/u-s-stock-index-futures-rise-amazon-slides-as-profit-slumps.html
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