Markets News Friday: Shares slide in Europe and Asia; Credit Suisse warns increased capital/ regulation may cut European bank returns to pre-1990s levels
May 14th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; Shares fell in Europe and Asia on Friday triggered by continuing concerns that Europe’s debt crisis will limit growth and earnings. The euro fell below $1.25 and the oil price dipped for a fourth day and bunds rallied; European banks may face €244bn in lost earnings and increased capital requirements because of stricter regulation, Credit Suisse analysts have estimated.