Big banks in Spain and Italy top stress test performers
SPAIN AND Italy’s leading banks were the strongest performers in last week’s European stress tests in a surprise result that could help relieve the funding pressure that had been building on them.
Read more on The Irish Times
European Banks Urged to Bolster Reserves Following Stress Tests
Eight banks failed and another 16 barely passed the much-anticipated stress tests, which measured whether they would be able to survive economic shocks.
Read more on New York Times
The 9 Highest Dividends and 1 to Buy Now
A high yield shouldn’t always be scary.
Read more on The Motley Fool
UK ‘not immune’ from eurozone woes
George Osborne has warned that Britain is “not immune” to the crisis in the eurozone amid growing fears over Italy and Spain.
Read more on Press Association via Yahoo! UK & Ireland News
ECB digs in on rates, Greece, provides cover for Portugal
The European Central Bank stuck to its guns Thursday, hiking interest rates to tame inflation, its main responsibility, and offering help for Portuguese banks to better fight the eurozone debt crisis.
Read more on AFP News via Yahoo! Singapore News
60 Money Tips: Cheap Dates She’ll Love, Spending Sins, Smart Tips for Saving at the Mall
One suggestion that may make financial sense, but that’ll probably make for a seriously uncomfortable conversation around the dinner table, will begin with you asking: “Hey dad, I was thinking of taking a life insurance policy on you. When do [...]
China raises interest rates
China raised a key interest rate for a third time this year as it tries to cool surging inflation.
Read more on Sky News Australia
Before you sign for that loan, get educated
About 30 million Americans have student loans right now they’re paying off. But how do you help minimize student loan debt? Two experts offer some advice.
Read more on MSNBC
German banks agree to help Greece
Germany’s financial institutions will contribute €3.2-billion
Read more on The Globe and Mail
Stocks Rise for Fourth Day, Euro Climbs as Greek Concerns Ease
Stocks rose for a fourth day, the euro strengthened to a three-week high against the dollar and commodities rallied after Greece’s government took the first step in adopting an austerity plan aimed at averting a default.
Read more on BusinessWeek