European stocks rise driven by Credit Suisse and Deutsche Bank – Investing.com Spain

LONDON (Reuters) – european stock markets rose Friday, driven by the banking sector after Credit Suisse (SIX), and Deutsche Bank (FROM:) to reach agreements in the united States in connection with the issuance of securities backed by residential mortgages, on a day in which the Italian Monte dei Paschi (MI:) agreed to her rescue.

The index went up 0.1 percent at 0811 GMT, while the banks were advancing 0.4 percent.

Deutsche Bank rose 4 percent, the value with more gain in the index.

Deutsche Bank had announced that it would pay to 7,200 million dollars to the Department of Justice of the united States, in connection with its issuance and subscription of securities backed by residential mortgages and other activities from 2005 to 2007. The Department of Justice was seeking to almost double.

Credit Suisse was won by a 2 per cent after reaching an agreement with the us authorities, while RBS (NYSE:), which is being investigated, advanced 2.4 percent to the expectations of your final settlement may be less than anticipated.

Barclays (LON:) fell 0.5 percent, after the Department of Justice of the united States were to launch a lawsuit against the entity for the sale of securities linked to mortgages. The bank said that calling up to.

Italian banks eked out a 1.4 percent after the Italian Government agreed to the rescue of Monte dei Paschi, even though the actions of this entity were suspended in the market.

(Information Alistair Smout; Translated by Inmaculada Sanz)

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