Sign up to The Irish Times Archive (1859 - 2008)My Account »
Wed 07 Jul 2010UBS leads revival of European bank shares
EUROPEAN BANK stocks soared yesterday, as buoyant results from UBS, relief at watered-down global regulatory proposals and the afterglow of last Friday’s stress tests results overcame investor nervousness.
The FTSE Eurofirst banks index closed up nearly 5 per cent, the best performance since the €750 billion ($970 billion) euro zone bail-out package was sealed on May 10th, outshining other sectors in Europe and bank stocks elsewhere in the world.
Choose a Subscription type - required
