European banks are experiencing hard times. Credit Suisse Group AG (NYSE: CS) shares fell to 44.72, losing -2.26 (-4.81%). Barclays PLC (LON: BARC) shares are 306.15 points, down -7.45 (-2.38%) yesterday.
Bank of America Corporation (NYSE: BAC) is planning to Chinese companies. Mingyang Electric, one of the five largest suppliers of air turbines in China, plans to raise up to $ 500 million in the placement of treasury shares at the United States in September this year.
Swiss lawmakers are going to deal with two major banks of this country and to introduce strict regulation of the financial sphere. During the 3-week parliamentary session, which began on May 31 this year, lawmakers are likely to approve the transfer of information to tax authorities of the U.S. thousands of accounts of Americans in UBS AG.