Daiwa Capital Markets Europe Limited

Type: Company

Name: Daiwa Capital Markets Europe Limited

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Sir Mervyn King

King’s Final Forecasts Offer Chance to Give Legacy Positive Note

Bank of England Governor Mervyn King will today deliver his final forecasts for the economy amid signs of a fledgling recovery that may conclude his leadership of the central bank with a note of optimism.Barclays Plc and RBC Capital Markets are among ... [Published Bloomberg - May 15 2013]

Entities: Sir Mervyn King, Bank of England, Inflation, Mark Carney

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Eurozone gloom is set to deepen

The Eurogroup, comprising euro members’ 17 finance ministers, was set to discuss fiscal policies as France became the latest nation to gain more time to cut its deficit. Although the immediate crisis has eased, official estimates on Wednesday are expected ... [Published London Evening Standard - May 13 2013]

Entities: Eurozone, Daiwa Capital Markets Europe Limited, Chris Scicluna

First reported Apr 02 2013 - Updated Apr 03 2013 - 1 reports

Cypriot finance minister quits as inquiry begins

Cyprus's Finance Minister fell on his sword as the government began an investigation into the near-collapse of the nation's economy. Michalis Sarris, who was criticised for his handling of negotiations with international creditors over the nation's €10bn ... [Published The Independent - Apr 02 2013]

Entities: United Kingdom, Laiki Bank UK, Nicos Anastasiades

First reported Mar 28 2013 - Updated Mar 28 2013 - 1 reports

Bank of England

Anger as banks are urged to raise extra £25bn by Bank of England

The Bank of England yesterday drew fire from critics, including the Business Secretary, Vince Cable, for jeopardising Britain's brittle recovery after calling on banks to raise an extra £25bn by the end of this year. Although lower than earlier estimates ... [Published The Independent - Mar 28 2013]

Entities: Bank of England, Anger, Vince Cable, Daiwa Capital Markets Europe Limited, Matthew Fell

Quotes

...Grant Lewis, the head of research at Daiwa Capital Markets Europe, warned: "A contraction in GDP of at least 10 per cent this year now looks entirely feasible, with something similar not unrealistic next year too, with unemployment rising above 20 per cent." There was better news for British depositors saved from heavy losses as £270m of deposits stuck in Laiki were switched to a UK subsidiary of the Bank...

Cypriot finance minister quits as inquiry begins [Published The Independent - Apr 02 2013]

...The CBI also warned over the extra pressure on banks. Matthew Fell, the competitive markets director, said: "While the FPC wants banks to meet additional capital levels in a way that will not restrict lending, it is difficult to see how this can be achieved in practice." The FPC said the extra money was needed to weather the impact of exposures to the struggling property sector, the eurozone crisis and scandals such as...

Anger as banks are urged to raise extra £25bn by Bank of England [Published The Independent - Mar 28 2013]