Banks are the ‘dragging limb’ of Europe—so why are they paying dividends? – CNBC

However, SocGen was highlighted as a bank that might struggle after a hypothetical adverse shock in the European Banking Authority (EBA)’s latest stress tests. In the scenario study, Societe Generale’s transitional fully-loaded common equity capital ratio – a key measure of a bank’s ability to withstand shocks — would fall to 8.03 percent, making Societe […]

Europe Plans for Life After Brexit as Merkel Meets Allies at Sea – Bloomberg

The Italian aircraft-carrier Giuseppe Garibaldi usually patrols the Mediterranean as the flagship of the European mission to save shipwrecked refugees. On Monday, it will host the leaders of Germany, France and Italy as they try to ensure the European Union doesn’t founder in the aftermath of Brexit. The meeting of Angela Merkel, Francois Hollande and […]

Matthew Fitzpatrick earns Team Europe’s final Ryder Cup bid – PGA.com

Matthew Fitzpatrick of England nailed down the ninth and final automatic spot for Europe in the Ryder Cup on Sunday. Fitzpatrick finished fifth in the Czech Masters, giving him enough world points that no one can catch him when European qualifying ends next week in Denmark. Thomas Pieters of Belgium, who finished fourth last week […]