Brent oil futures closed about 2 percent higher near $91 a barrel on Friday as it rebounded on bargain hunting after prices earlier fell to an 18-month low and U.S. crude futures rose in reaction to a potential storm in the Gulf of Mexico that could disrupt production. An action […]
Author: InvestAdvocate
Spain to stress test banks again, focus on seven
Spain will carry out yet another stress test of its banks by October with a focus on seven lenders, documents released after an independent audit of the banking sector showed on Friday. Doing the test gives Spain at least two more months to negotiate for direct cash injections into lenders […]
Moody’s tilts playing field toward safe-haven banks
Downgrades by ratings agency Moody’s will make funding more expensive for banks that rely the most on capital markets, while reinforcing the competitive advantage of “safe-haven” banks that can fund themselves from stable customer deposits. Stock and credit markets were nonplussed over Moody’s announcement that it had downgraded 15 of […]
