LONDON/ZURICH (Reuters UK) - Europe's bank shares extended a recent tumble to their lowest level for over five years on Tuesday as a grim economic outlook compounded concern that more big writedowns could force more capital raisings. Swiss bank UBS UBSN plunged to its lowest level...
By Sudip Kar-Gupta PARIS (Reuters UK) - Natixis CNAT, France's fourth-biggest listed bank, said on Wednesday it was launching a 3.7 billion euro (2.9 billion pound) capital increase due to the credit crisis that has battered banks around the world. The rights issue, details of which...
By Steve Slater and Andrew Hay LONDON/MADRID (Reuters) - Spain's Santander SAN is buying British bank Alliance & Leicester ALLL for 1.3 billion pounds ($2.6 billion) in an agreed deal that will bulk up its existing UK bank Abbey. Santander, Europe's second-biggest bank...
By Steve Slater and Andrew Hay LONDON/MADRID (Reuters UK) - Spanish bank Santander is buying Alliance & Leicester for 1.3 billion pounds to provide "critical mass" to its existing bank Abbey, but its target was slammed for selling out cheaply. Santander, Europe's second-biggest bank after HSBC...
