Capital Raising Report Denied by French Banks
The top French banks BNP Paribas and Societe Generale denied a report they could look to raise a combined fund of $14.8 billion as part of a plan to recapitalize a broader European bank.
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Crisis Fear over UK Economy
As governor of BoE warned earlier this week, Britain might be facing the most serious financial crisis ever.
It is widely belived that the policymakers had learnt enough lessons from the Great Depression. It is expected that the bad days are over and won’t be seen again.
However, there is little double whether the governor’s statement really make sense, as it is quite ironical that his announcement followed a string of what passes for relatively optimistic reports from purchasing managers showing expansion in new orders.
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AgBank Shrugs off Early Rights Issue Fears
AgBank is the world’s biggest bank by customers, branches and staff numbers. The bank has shrugged off market concerns that it will need to resort to an early rights issue to top up capital buffers and keep growing.
Board secretary at Agricultural Bank of China–Li Zhenjiang has indicated that extra time is needed to adjust to stiffer capital requirements.
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