News Summary: SNS looking to shore up books

News Summary: Dutch bank SNS Reaal looking at share issue; asset disposals, bondholder haircut

Associated Press
Troubled Dutch bank SNS looking at share issue

View photo

A man operates a smart phone outside a SNS bank Amsterdam, Netherlands, …

CAPITAL BUFFERS: SNS Reaal NV, the troubled Dutch banking and insurance group, is looking to strengthen its capital buffers through strategies including a possible share issue or forcing some bondholders to take losses.

REAL ESTATE HIT: The company has been struggling after being hit about €2.3 billion ($3 billion) in losses on its foreign property investments and an increasingly weak Dutch commercial real estate market.

NEEDS CASH: SNS Reaal's capital reserves, designed to protect the group from economic and financial shocks, are below levels allowed under international banking law — and it still owes the Dutch state €750 million from a bailout it received in 2008. Analysts say SNS needs roughly €2 billion in capital to regain solvency.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Ivanka Trump backs her father but doesn't want to fall with him

      Ivanka, soon to turn 35, is still clearly her father's protegee. Having grown up in the spotlight from an early age, at a time when her father's extramarital affairs filled the tabloid press, Ivanka knows how to tend to her own image -- and that of the clothing line that bears her name.

    • Toddler dies in Spokane fire, his dog huddled at his side

      SEATTLE (AP) — A toddler who died in a house fire was found with his dog and teddy bear next to him and authorities believe the dog tried to protect the boy, a spokesman for Spokane's fire department said Saturday.

      Associated Press
    • Woman Gives Birth to Surprise Baby Just Hours After Going to ER for 'Kidney Stones'

      She thought the pain was kidney stones until the doctors ordered an ultrasound.

      Inside Edition
    • Pakistani tea seller turns model after fame on social media

      ISLAMABAD (AP) — A Pakistani tea seller with striking eyes who saw his life change overnight after a picture of him at work went viral, said Friday he was totally unaware of social media until recently, when boys and girls suddenly started thronging his tea stall to take selfies with him.

      Associated Press
    • Philippines says to keep U.S. ties but will not be subservient

      By Karen Lema MANILA (Reuters) - The United States remains the "closest friend" of the Philippines but Manila wants to break away from a "mindset of dependency and subservience" and forge closer ties with other nations, the Philippine foreign minister said on Saturday. The comments by Foreign Affairs Secretary Perfecto Yasay came two days after President Rodrigo Duterte announced his "separation" from Washington, though he went on to strike a more conciliatory tone on Friday. Yasay said in a Facebook posting that Duterte had "unmistakably" stated that severing ties with Washington was not in the nation's interest.

    • Ten of the Most Outrageous Pickup Trucks Ever Produced (11 photos)

      A pickup truck's job is simple, but that's never stopped anyone from turning these basic workhorses into wild machines. Some are impractical, others are too fast for their own good, but all are outrageous. From Road & Track

      Road & Track
    • Two children killed in Georgia home invasion: police

      Two children were killed early on Saturday in a home invasion in a small Georgia city, police said. An 15-year-old boy and his 11-year-old sister were found shot dead in a house in Jonesboro, a city of fewer than 5,000 residents about 20 miles south of Atlanta, according to Sergeant Ashanti Marbury of the Clayton County Police Department. In addition to the two dead children, officers also found several other children as young as 6 in the house, Marbury said.

    • AP Interview: Kaine already reaching out to GOP

      Tim Kaine is sounding a hopeful note that a Democratic White House could work with Republicans to bridge deep divides laid bare by this bitter presidential campaign. The vice presidential candidate told ...

      Associated Press
    • Every movie and TV show being removed from Netflix in November

      This has been an exciting week, full of new movie trailers, new game trailers and even a new console announcement from Nintendo, but we have some somber news to discuss as well: Netflix is getting rid of a bunch of content again. DON'T MISS:  These are the 2 best iPhone email apps in the world, and I can’t decide which to use Some of the highlights (or maybe lowlights, since they're expiring) include some great television series like Chuck , Courage the Cowardly Dog and Powerpuff Girls . We're also losing E.T. , Deliverance , The Boxtrolls and Gigli , though if you've actually seen Gigli , you might not be too upset about that last one. Keep in mind, the list is subject to change as Netflix renegotiates its deals, but here is the current list of removals scheduled for November: Leaving November 1st The Addams Family (1991) Almost Famous (2000) Angel Heart (1987) Barnyard (2006) Bratz: The Movie (2007) The 'Burbs (1989) Can't Hardly Wait (1998) Chuck: Seasons 1-5 The Core (2003) Deliverance (1972) E.T. the Extra-Terrestrial (1982) Echelon Conspiracy (2009) Eight Crazy Nights (2002) Empire State (2012) Equilibrium (2002) Escape to Witch Mountain (1975) The Family Man (2000) Fatal Attraction (1987) Fresh (1994) Get Rich or Die Tryin' (2005) The Holiday (2006) Into the Wild (2007) Kangaroo Jack (2003) Legally Blonde (2001) Legally Blonde 2: Red, White & Blonde (2003) Major League (1989) Mansfield Park (1999) Meet Joe Black (1998) Mel Brooks: Make a Noise (2013) Open Season (2006) Open Season 2 (2008) Open Season 3 (2010) Patton Oswalt: My Weakness Is Strong (2009) Powerpuff Girls: Seasons 1-6 Rounders (1998) Scream 2 (1997) Sex: My British Job (2013) Shameless: Series 1-10 (UK) Sky Captain and the World of Tomorrow (2004) Something's Gotta Give (2003) The SpongeBob SquarePants Movie (2004) Spy Game (2001) The Sum of All Fears (2002) Total Drama World Tour (2014) Underground: The Julian Assange Story (2012) Urban Cowboy (1980) Varsity Blues (1999) What Women Want (2000) Leaving November 2nd The English Teacher (2013) Leaving November 4th Gigli (2003) Leaving November 5th The Homesman (2014) Leaving November 11th Quartet (2012) Leaving November 14th Seal Team 8: Behind Enemy Lines (2014) Leaving November 15th Naked Among Wolves (2015) Leaving November 16th The American (2010) Let's Go to Prison (2006) Leaving November 22nd Tracers (2014) Leaving November 23rd The Boxtrolls (2014) Scenic Route (2013) Ultimate Spider-Man: Web Warriors (2015) Leaving November 24th The Boondocks: Seasons 1-4 Chowder: Seasons 1-3 Courage the Cowardly Dog: Seasons 1-4 Uncle Grandpa: Season 1 Leaving November 25th Robin Hood (1973) Leaving November 30th Stuck in Love (2012) xXx (2002) It’s not all bad news, though — don’t forget to check out all of the new movies and TV shows being added to Netflix in November .

      BGR News
    • China slams 'provocative' US sail-by in South China Sea

      China has slammed the US for sailing a warship near disputed territory in the South China Sea, saying the move was a "serious illegal act" and "deliberately provocative". In a statement on its website late Friday night, the country's defence ministry said two Chinese naval vessels warned off a US ship after it entered "Chinese territorial waters" near the Paracel Islands, known as Xisha in Chinese. China controls all of the islands, which are also claimed by Vietnam and Taiwan.

    • Daughter of man in The Piano Guys missing in Oregon

      PORTLAND, Ore. (AP) — The 21-year-old daughter of one of men in the Utah-based music group The Piano Guys has been reported missing and may have gotten injured or lost on a hike in the Columbia River Gorge in Oregon, authorities say.

      Associated Press
    • Trump abruptly ends interview after question about people calling him sexist, racist

      Donald Trump walked away from a reporter mid-interview Thursday after he was asked about people who’ve called him a racist and a sexist. In a one-on-one interview ahead of his campaign rally in Ohio, local NBC4 reporter Colleen Marshall questioned the Republican presidential nominee about his widely disputed voter fraud claims, criticisms of his tax plan and even the string of prominent Republicans who’ve withdrawn their support for his campaign following the release of the now-infamous “Access Hollywood” videotape earlier this month. “Nineteen days out from the election, you’ve been labeled a racist, you’ve been called a sexist,” Marshall began before the candidate cut her off.

      Yahoo News
    • Keys 1st American in WTA Finals since Williams sisters

      SINGAPORE (AP) — Madison Keys is the first American other than Serena and Venus Williams to earn a berth at the year-end WTA Finals in more than a decade.

      Associated Press
    • Wenger rues costly Cazorla absence

      Arsene Wenger bemoaned the absence of Santi Cazorla after Arsenal were held to a drab goalless draw by struggling Middlesbrough. Cazorla did not feature at the Emirates Stadium on Saturday and the Spanish midfielder was sorely missed by the spluttering Gunners. Arsenal were frustrated by Middlesbrough as they wasted a chance to win for a seventh successive Premier League game and eighth in all competitions.

    • One killed, two injured in Japan park blasts

      One person was killed and at least two injured by twin near-simultaneous blasts in a Japanese park on Sunday, the local fire department said. The explosions occurred at a park in Utsunomiya, some 100 kilometres (60 miles) north of Tokyo, shortly after 11:30 am (0230 GMT), a fire department spokesman said. It was not immediately clear what caused the blasts.

    • Couple Recreate Their Wedding Portraits in Local Target: 'We're Not Like Normal Newlyweds'

      Clad in their wedding gown and tuxedo, the Rexroads started in the Target parking lot, where a small crowd immediately gathered to watch.

      Inside Edition
    • GOP Senate Ad Acknowledge Clinton Likely to Win

      GOP Senate Ad Acknowledges Clinton Likely to Win

      ABC News q
    • Hyperreal animal paintings (10 photos)

      From intricately detailed portraits of a pack of wild dogs to a tender picture of a mother cheetah and her cubs, these paintings are the work of talented artist Leon Fouche . Leon is also a photographer and has captured images of animals, including Africa's "Big Five," at game reserves across South Africa. He has not only a talent for photography, but also the skills to recreate some of his favorite photos, turning them into incredibly detailed paintings. (Caters News) See more news-related photo galleries and follow us on Yahoo News Photo Tumblr.

      Yahoo News Photo Staff
    • U.S. warship challenges China's claims in South China Sea

      By Idrees Ali and Matt Spetalnick WASHINGTON (Reuters) - A U.S. navy destroyer sailed near islands claimed by China in the South China Sea on Friday, drawing a warning from Chinese warships to leave the area. The U.S. action was the latest attempt to counter what Washington sees as Beijing's efforts to limit freedom of navigation in the strategic waters, U.S. officials said. The Chinese Defense Ministry called the move "illegal" and "provocative," saying that two Chinese warships had warned the U.S. destroyer to leave.

    • Obama nixes twerking at final White House musical event

      WASHINGTON (AP) — President Barack Obama said he's sad that one of his and the first lady's favorite traditions, musical night at the White House, ended Friday.

      Associated Press