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Philippe de Fontaine Vive, Vice-President, European Investment Bank
02/06/2012 - TALKING EUROPE

Philippe de Fontaine Vive, Vice-President, European Investment Bank

Known as the financial arm of the EU, the European Investment Bank is expected to play a key role in trying to revive growth across the continent. EU leaders have pledged to recapitalise the Luxembourg-based institution by committing an additional €10 billion. Its Vice President, Philippe de Fontaine Vive, tells France 24 why this would allow almost €200 billion worth of investments.
Anxious Spaniards withdraw billions from banks
02/06/2012 - SPAIN

Anxious Spaniards withdraw billions from banks

Spaniards worried about the health of ailing banks are withdrawing money at record rates, new data revealed Thursday. Figures from the Bank of Spain showed €66.2 billion was transferred abroad in March.
Will Spain go bust? (part 2)
31/05/2012 - THE DEBATE

Will Spain go bust? (part 2)

On the day that Spain’s stock market hits a nine-year low, François Picard’s panel predicts the Spanish prime minister will have to go back on his pledge not to seek a bailout sooner rather than later.
Will Spain go bust?
31/05/2012 - THE DEBATE

Will Spain go bust?

On the day that Spain’s stock market hits a nine-year low, François Picard’s panel predicts the Spanish prime minister will have to go back on his pledge not to seek a bailout sooner rather than later.
Spain's Bankia requests multibillion-euro bailout
25/05/2012 - SPAIN

Spain's Bankia requests multibillion-euro bailout

Spain’s troubled bank, Bankia, asked the government for a 19-billion euro bailout on Friday, just hours after credit rating agency Standard & Poor’s downgraded Bankia and four other banks to junk status.
Three JPMorgan executives to resign after shock loss
14/05/2012 - BANKING

Three JPMorgan executives to resign after shock loss

Three senior executives at US banking giant JPMorgan Chase are set to resign this week following a trading blunder that resulted in a shocking $2 billion loss, which could extend to $3 billion through the end of June, US media has reported.
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JPMorgan under fire for surprise $2 bn loss
12/05/2012 - BANKING

JPMorgan under fire for surprise $2 bn loss

US banking giant JPMorgan Chase is facing fierce criticism after claiming that the surprise $2 billion loss by one of its trading groups was due to sloppy strategy. A former IMF chief economist said the loss "just shows they can't manage risk."
Take four: Madrid makes fourth attempt in as many months to shore up banks
12/05/2012 - SPAIN

Take four: Madrid makes fourth attempt in as many months to shore up banks

The Spanish government has announced yet another reform of its banking sector, the fourth in as many months. This latest effort is an attempt to finally shore up losses and protect the banking system from future risks. In the future, banks will be made to keep a total of 84 billion euros in reserve under measures that are costing Madrid another four billion euros - to add to the 15 billion they have already spent trying to do the same thing.
JPMorgan discloses $2 billion trading loss
11/05/2012 - BANKING

JPMorgan discloses $2 billion trading loss

US banking giant JPMorgan Chase lost $2 billion in six weeks from a portfolio designed to offset risks the company takes with its own assets, CEO Jamie Dimon told reporters on Thursday, adding: "There were many errors, sloppiness and bad judgment".
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Mastercard, Visa warn of possible security breach
30/03/2012 - BANKING

Mastercard, Visa warn of possible security breach

Credit card firms Mastercard and Visa warned banks of a possible security breach on Friday that could put the personal details of millions of credit card holders at risk. The companies insisted the problem lay with a third-party vendor.
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