Moody's lowers Commerzbank credit rating

Note: This section contains information in English only.
Source: Bloomberg
The credit rating of Commerzbank AG, the second largest lender in Germany, was cut by one level to A3. In total Moody's lowered ratings for three banks in Austria and seven banks in Germany. Moody's Investor Service is reviewing also Deutsche Bank AG. 
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Wed, 06 Jun 2012 06:40:09 GMT

Spain requires help

Spain is likely to seek financial aid from Europe to support its ailing banks, as the country is losing access to financial markets due to increasing interest rates on Spanish bonds, according to the Budget Minister. The Eurozone policy makers developed measures to contain Spain's deepening financial crisis ahead of EU summit in Brussels at the end of June. 

Wed, 06 Jun 2012 07:40:23 GMT

Loonie climbs on BOC forecast

Canadian currency appreciated on Tuesday after central bank officials announced they may increase interest rates as local economy is rebounding as predicted despite global uncertainty. Canadian Dollar added 0.1% versus its US peer to CAD 1.0381. Currently USD/CAD is trading at CAD 1.0336.

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