This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-12014555
The article has changed 8 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| UK banks 'at risk from financial woes in the eurozone' | UK banks 'at risk from financial woes in the eurozone' |
| (about 7 hours later) | |
| The continuing financial problems in the eurozone pose a threat to UK banks, the Bank of England has warned. | The continuing financial problems in the eurozone pose a threat to UK banks, the Bank of England has warned. |
| In its latest half-yearly Financial Stability Report, it calls for stringent new tests on the strength of European lenders. | In its latest half-yearly Financial Stability Report, it calls for stringent new tests on the strength of European lenders. |
| It also wants a comprehensive solution to the financial situation affecting the eurozone. | It also wants a comprehensive solution to the financial situation affecting the eurozone. |
| The Bank further said "overheating" in emerging markets, such as China and India, could eventually hit UK lenders. | The Bank further said "overheating" in emerging markets, such as China and India, could eventually hit UK lenders. |
| The Bank's comments came after European Union leaders agreed to set up a permanent mechanism to bail out any member state whose large public deficits threaten the 16-nation eurozone. | The Bank's comments came after European Union leaders agreed to set up a permanent mechanism to bail out any member state whose large public deficits threaten the 16-nation eurozone. |
| Creating such a eurozone stability mechanism will require a change to the EU's Lisbon Treaty - but the wording has now been agreed, diplomats say. | Creating such a eurozone stability mechanism will require a change to the EU's Lisbon Treaty - but the wording has now been agreed, diplomats say. |
| The UK's Bank of England is concerned about the continuing debt situation in the eurozone - the 16 nations that share the euro - because British banks have substantial investments in many of those countries and specifically their banks. | |
| Regarding overheating in emerging markets, it points to stock markets in countries like India and Indonesia being at historically very high levels, and spiralling property prices in China. | Regarding overheating in emerging markets, it points to stock markets in countries like India and Indonesia being at historically very high levels, and spiralling property prices in China. |