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Brexit plays dampener to Draghi’s retreat as ECB faces crisis

  Bloomberg Sintra was never meant to be like this. The European Central Bank’s annual forum in the luscious Portuguese retreat outside Lisbon, was intended as a laid-back event where central bankers and academic economists can thrash out the theories of monetary policy. Instead, reality has intruded once again, this time in the form of the UK’s shock decision to ...

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Nordea CEO pledges dividend growth

  Bloomberg Nordea Bank AB underscored its intention to hand shareholders bigger dividends each year amid speculation it may need to hold more regulatory capital after underestimating the risk in its corporate loan book. The bank paid 64 euro cents per share in 2015, more than doubling payouts to investors since 2010. After backtracking in January on a pledge to ...

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Italy to weigh US$44billion banks injection after EU referendum

  Bloomberg Italy is considering injecting capital into some lenders after the U.K.’s vote to leave the European Union sparked a selloff among banks already hurt by investor concerns tied to their bad loans, according to people with knowledge of the discussions. The government is weighing measures that may add as much as 40 billion euros ($44 billion), said one ...

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