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Banking

European shares rise on strong earnings, pharma boost

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 26, 2023. REUTERS/Staff/File photo Acquire Licensing RightsEuro zone retail sales fall in Sept, as expectedVestas rises after Q3 profit beatUK's Marks & Spencer jumps on HY beatSTOXX 600 up 0.3%Nov 8 (Reuters) - European shares rose on Wednesday, supported by gains in healthcare stocks and strong earnings reports, while investors assessed a slew of economic data and comments from central bankers for cues on European Central Bank's rate hike path.The pan-European STOXX 600...
Banking

EU banks take conservative approach to calculate market risk

As the EU’s fundamental review of the trading book (FRTB) 2025 implementation deadline nears, banks are adopting a conservative market risk stance under the Basel III framework. Many lenders are opting for the standardised approach (SA) to calculate their capital requirements, avoiding the more complex and resource-intensive internal model approach (IMA), even if the SA leads to a higher capital charge. Data from the European Banking Authority’s (EBA) second Basel III monitoring report, published in September, suggests the proportion of the largest Tier 1 banks using internal models will drop to 54%...
Currencies

European shares slip after strong week

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 24, 2023. REUTERS/Staff Acquire Licensing RightsEZ economy starts Q4 on back foot, stoking recession fears - PMITIM shares lose early shine after KKR grid dealEvotec at STOXX 600 bottom after RBC rating downgradePostNL slumps after Q3 miss, EBIT forecast cutSTOXX 600 slips 0.2%Nov 6 (Reuters) - European shares eased on Monday after the benchmark index posted its biggest weekly jump since March, with the real estate sector losing steam, while Ryanair jumped following...
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