InfoAnda - German banks 'did not reveal full debt details'

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

At least 60 in hospital after Mumbai gas leak | 14 July 2010
Second man questioned in terror probe | 19 September 2009
Britain blocks hacker's extradition to United States | | 16 October 2012

A Minute With: Holly Hunter on angels and Saving Grace | | 26 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : German banks 'did not reveal full debt details'

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology German banks 'did not reveal full debt details' AFP - Tuesday, July 27 Send IM Story Print German banks 'did not reveal full debt details' FRANKFURT (AFP) - – European banking regulators say six German banks did not reveal full details of sovereign debt holdings as part of a key test of the sector's health, the Financial Times reported on Monday. "We agreed with all supervisory authorities and with the banks in the exercise that there would be a bank-by-bank disclosure of sovereign risks," the FT quoted Arnoud Vossen, secretary general of the Committee of European Banking Supervisors (CEBS), as saying. The six German banks included the country's biggest, Deutsche Bank, as well as Deutsche Postbank, which has the nation's largest retail network, and Hypo Real Estate, which failed the so-called "stress tests," the newspaper said. The other German banks which did not disclose all the details on holdings of public debt were identified as the mutual banks DZ and WGZ and the regional state-owned lender Landesbank Berlin. Deutsche Bank, Postbank and the German financial market regulator BaFin responded to the report, with Deutsche Bank saying full details would come as planned with quarterly results on Tuesday. The German banks said they sought to provide updated information rather than data on March 31 as requested by test officials. On Friday, CEBS released findings on 91 European banks which were checked to see if they had enough core capital to withstand another economic recession coupled with steep losses on loans, including sovereign debt. Only seven banks failed the tests, leading some analysts to wonder if they was too lenient. Financial markets are concerned that a default by a eurozone country such as Greece could cause some banks to collapse, and the stress tests were aimed at showing where each stood to restore confidence and boost interbank lending. Analysts might also assume that a refusal to make a full disclosure means the German banks have something to hide. BaFin spokesman Sven Gebauer told AFP: "By law we cannot force them to do so." On Sunday, the European Commission reportedly "encouraged the few banks who had not disclosed the information to do so." But both Deutsche Bank and Postbank, in which Deutsche Bank holds a stake of about 30 percent, said they sought to provide more up-to-date information than asked for by CEBS. "The reporting date was a problem for us because we wanted to provide recent data," Postbank spokesman Joachim Strunk told AFP. "We are permanently reducing our exposure" to sovereign debt, he added. A Deutsche Bank spokesman told AFP that figures from March 31, "are no longer current, that is why we did not mention them. "We will do that Tuesday when we publish second quarter results," he added. Postbank passed the stress tests but came close to missing the key criteria, which was the ability to maintain core capital of at least six percent of all assets, such as outstanding loans. Postbank reported a 6.6-percent ratio in the test's most demanding case, a so-called adverse economic scenario which combined a hypothetical recession with the shock of a crisis in sovereign debt. "Because we are a retail bank we dont need to hold as much cash reserves as others," Strunk maintained. "Nevertheless, we have said we will build our capital reserves, for example through retained earnings," he added. Recommend Send IM Story Print News Search Top Stories European stocks mixed amid stress-test doubts German banks 'did not reveal full debt details' China developing gas reserves, will cut imports US' Geithner rejects fears of double dip recession BP chief likely to resign in wake of US oil spill More Top Stories » Most Popular Most Viewed Most Recommended BP boss 'set to resign within 24 hours' Profile of BP chief Tony Hayward Actress Zsa Zsa Gabor in 'critical condition': publicist China sends pandas into wild to bring up cubs US' Geithner rejects fears of double dip recession More Most Viewed » Parachuting donkey shocks Russian beachgoers Paris Hilton caught with cannabis in handbag Germany's 'Octopus oracle' keeps perfect record More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 26 July 2010
Israel, U.S. sign deal to upgrade Arrow missile shield
Furious Love Parade survivors slam organisers
Top U.S. officer warns Afghan war will get worse |
Iran says nuclear talks after Ramadan
Iran ready to start talks on nuclear fuel swap deal: Mottaki
Profile of BP chief Tony Hayward
Al Qaeda says kills French hostage after raid |
Venezuela's Chavez threatens to cut U.S. oil supply |
Suspected Qaeda gunmen kill 6 Yemen troops in oil area |
Chile denies pardon for dictatorship-era crimes |
Taliban claim capture of US sailor, killing of 2nd
Hezbollah expects many indicted over Hariri killing |
Bomb in central Bangkok kills 1 and wounds 10
One dead, 10 wounded in Bangkok bomb blast
One dead in Bangkok bomb blast: emergency services
'Salt' licks box office wounds, 'Inception' retains top spot
'Salt' licks box office wounds, 'Inception' retains top spot
Air India chairman expects profit by 2014-15
US 'wants more currency loosening' from China
US drone strikes kill eight militants in Pakistan
"Salt" can't shake "Inception" at box office
No layoffs planned in Air India restructuring
Migrants sell up and flee Arizona ahead of crackdown
US-ENTERTAINMENT Summary
Salzburg Festival kicks off month of operas, concerts
US holds drills off Korea as Pyongyang talks war
Baghdad suicide bomb wounds five
Al-Qaeda says Frenchman killed after failed rescue
NGO seeks action over DR Congo 'conflict minerals'
Afghan leader calls for probe into civilian deaths
Pakistan secretly helping Taliban: report |
US-TECH Summary
US condemns massive leak of Afghan war files
China developing gas reserves, will cut imports
Google search share slips as Baidu gains: report
Afghans yearn for water, security in Taliban heartland
US' Geithner rejects fears of double dip recession
Israeli warplanes strike Gaza tunnels
Police: 26 killed in Afghan bus crash
Senior Khmer Rouge cadre found guilty of torture |
Large blast heard in Afghan capital: witnesses |
Iran ready for talks on nuclear fuel swap deal: Mottaki
Hitmen behind Mexico massacre were prisoners: government |
Hezbollah expects many indicted over Hariri killing
Bangladesh war crimes tribunal issues first arrest warrants
Taliban say they're holding U.S. soldier and second killed |
Australia vote race narrows after climate flop, debate
Poll advantage narrows for Australia's Gillard
Five wounded in bomb attack on Arabiya TV in Baghdad |
'Plastiki' bottle ship completes epic Pacific voyage
Khmer Rouge prison chief sentenced to 35 years in jail
Suspended death sentence for top Chinese adviser |
Malaysia mulls pregnant teen school to curb dumping
Hollywood drivers ratify labor deal, avert strike
Chavez threatens U.S. oil cut in Colombia dispute |
Khmer Rouge prison chief handed 30 years in prison
Angelina Jolie wows Moscow with 'hero spy' film
US holds drills off Korea as Pyongyang talks war
China to cut crimes that carry death penalty
Khmer Rouge prison chief given 30 years in prison
KRouge prison chief found guilty by war crimes court
Seoul shares at 2 yr closing high on earnings hopes
Shares in India carmaker Maruti plunge on profit fall
Hollywood drivers ratify labor deal, avert strike
Japan export growth slows but beats forecasts
Comic-Con match-ups: Who won?
Seoul shares hit over 2 yr high on earnings hopes
Google search share slips as Baidu gains: report |
"Mad Men" hardly a hit on Madison Avenue
China developing gas reserves, will cut imports: report
The elderly media mogul and the bisexual rockers
Kings of Leon abandon U.S. concert due to pigeon poop
Carlyle sells Taiwan TV unit for $1.9 bln
Angelina Jolie wows Moscow with 'hero spy' film
Bayreuth Festival opens with new generation at helm
S.Korea economy grows faster-than-expected 1.5pc
Autopsy tools used on Elvis removed from auction
Taiwan Formosa refinery shut after fire-spokesman
S.Korea seen buying dlrs to curb won's gains -dealers
"Toy Story 3," "Inception" lead foreign box office
Formosa says 540,000 bpd refinery shut for safety
Comic Con superheroes set to soar in 2011 and beyond |
Kings of Leon abandon U.S. concert due to pigeon poop |
Mad Men hardly a hit on Madison Avenue |
Comic-Con match-ups: Who won? |
The elderly media mogul and the bisexual rockers |
Hollywood drivers ratify labor deal, avert strike |
French nuns seek chart run after record deal |
Autopsy tools used on Elvis removed from auction |
Toy Story 3, Inception lead foreign box office |
EU hits Iran with new sanctions, urges nuclear talks
German banks 'did not reveal full debt details'
EU launches two anti-trust probes against IBM
European stocks mixed amid stress-test doubts
Four killed in bomb attack on Arabiya TV in Baghdad
EU loses in WTO information technology row: sources
France's Sarkozy says will punish Al Qaeda killers |
EU tightens screw on Iran with extra sanctions |
Shi'ite rebels capture north Yemen base, 10 dead |
Police: 26 killed in Afghan bus crash
Suicide blast near Pakistan politician kills 8 |
NATO rocket killed 45 Afghan civilians: government |
Settlers, Palestinians hurt in West Bank clash |
Japanese people living longer than ever: govt
Suicide blast near Pakistan politician kills 8
Philippines' Aquino promises clean government
US holds drills off Korea as Pyongyang talks war
S.Korea, US stage anti-submarine warning drill
Asia stocks rise after Europe 'stress tests'
China says oil spill under control
EU loses in WTO information technology row: sources |
Apple to expand iPhone sales on July 30 |
King Tut's chariot heads to New York
India micro lender aims to raise $350m in IPO
Pakistani stocks end flat; rupee weakens; o/n rates down
4-5 yuan per dollar 'inevitable': Japan's China envoy
Police hunt killer of foreigners in Philippines
EU launches two anti-trust probes against IBM |
Asia pushes higher after Europe 'stress tests'
CORRECTED
Jolie spurs Russian patriotism at Salt Moscow show |
Snooki gets in your face in new Jersey Shore games |
New film over U.S. teen's disappearance on Aruba |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01