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Stock Market & Financial Investment News

News Breaks
July 15, 2013
08:13 EDTUBSUBSís Weber: Fed's stimulus reduction negatively hurts Europe, Bloomberg says
UBS Chairman and former European Central Bank Governing Council member Axel Weber says the Fed's plan to reduce stimulus will have a negative affect on the European economy, reports Bloomberg. ďThe Fed is doing the right thing for the U.S. Thatís their mandate, but itís undisputed that through transaction and arbitrage, it has spillover effects to other constituencies. Itís coming for Europe at an awkward point in time.Ē Reference Link
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August 28, 2014
06:35 EDTUBSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link

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