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bank infers at&t park concerts warnedof a baseball tickets reasons fresh surge in troubled loans from credit card, mortgageand business customers due to the weak economy. Meanwhile, Bank of America Corp's (BAC.N) quarterly profittopped Wall Street forecasts, but the largest U.S. [ID:nN17470666] But stripping out the one-off gain from the brokerageventure, Citigroup had a loss of 26 cents a share, narrower thananalysts' consensus forecast of a 31 cent loss. "But, we are still seeing a bullish trend at the moment,figures have to be really awful to be completely sold off." Citigroup reported a $4.3 billion second-quarter profitthanks to gains on its Smith Barney deal. "Banks have been sold off a little bit on the back ofCitigroup results which has slightly knocked Europe off itshigh," said Mark Priest, head of equity sales at ETX Capital.

HSBC (HSBA.L), BNP Paribas(BNPP.PA) and Barclays (BARC.L) were up 1.3-1.8 percent, whileCredit Suisse (CSGN.VX), Bank of Ireland (BKIR.I) and LloydsBanking (LLOY.L) were down 0.5-4.8 percent at&t park events . new housing starts jump By Joanne Frearson LONDON, July 17 (Reuters) - European shares were higher inearly afternoon trade on Friday with banks recovering afterinitial falls following Citigroup (C.N) results, while new U.S.housing starts jumped mored than expected cubs rooftop . By 1306 GMT, the pan-European FTSEurofirst 300 .FTEU3index of top shares was up 0.4 percent at 870.56 points, havingfallen earlier to 865.82 points san francisco giants . The index is up 6.9 percent this week, and on track for itsbest weekly gain since November The banking sector was mixed sbc park . The government is keen to kick-start the economy with loansfor small and medium-sized companies and is making this aim arequirement on banks that take up government bonds available toshore up their capital.(Reporting by Alberto Sisto; writing by Nigel Tutt; Editing byMike Nesbit) Italy.

* FTSEurofirst 300 up 0.4 percent Stocks  |  Global Markets * Banks recover after initial falls * U.S att park . "It has been promised that if there will be results (interms of easier loans) the state will remove a part -- I hope abig part -- of the higher costs that we will bear," he said Technical talks will start next week willie mays . Confindustria is aiming for an agreement before the summerbreak, she said willie mccovey autographed baseball . "In the first days of August, I hope to have a firstdocument on this protocol" on the moratorium, Faissola said onFriday willie mccovey signed baseball .

At the same time, Economy Minister Giulio Tremonti isreviewing the tax rules on non-performing loans "The discussion on tax relief is parallel We will see,"Faissola said att park tickets . The three parties are working on a one-year moratorium onreimbursement of the capital part of company loans, on leasingand mortgage loans, Confindustria Chairwoman Emma Marcegagliasaid on Thursday baseball tickets . "The commercial banks find themselves in very seriousdifficulty." Stress tests conducted on Italian banks showed that theyhave adequate capital even if the macroeconomic scenario were toworsen, Italy governor Mario Draghi said last week.[ID:nL8637798] ABI, the employers organisation Confindustria and theTreasury met on Thursday to discuss a moratorium on companiespaying off their loans cubs rooftop . Italian banks are facing hard times -- torn between growinglending requests by government and businessman and a sheer riseof bad loans which are expected to increase more in the coming12 months, according to a Bank of Italy official on Friday.[ID:nRON004735] "Banks should lend to companies ahead of the economicrecovery in a way that allows the banks to still be there at theend of the crisis", the banking association ABI head CorradoFaissola said on Friday san francisco giants . * Banks put survival at risk in pre-recovery lending Italy * Banks, employers, govt discuss loan moratorium * Talks on tax breaks for banks on bad loans(Adds further details) ROME, July 17 (Reuters) - The head of Italy's bankingassociation has warned banks they put their own commercialsurvival at risk by supporting government calls to help thecountry's economic recovery with increasingly risky bad loans.

The company's only listed executive is Ash Ashutosh, a partner with venture firm Greylock Partners and former StorageWorks chief technologist autographed baseball . Listed as a board member is James Goldstein, a partner with North Bridge Venture Partners, according to a regulatory filing sbc park . France willie mays . Montreal, Canada Amount/Round: $14.6M/Series A Investors: iNovia Capital, Genesys Capital, BDC Venture Capital and Go Capital Details: The company makes drugs.STORAGEActiFio Inc Weston, Mass . Amount/Round: $8M/Series A Investors: NA Details: Operates as a stealth storage startup. Amount/Round: $8M/Series A Investors: Lightspeed Venture Partners (led), Meck Ltd and CampVentures. Details: Develops mobile payment solutions.PHARMACEUTICALSAllostera Pharma Inc. Details: Makes an operating system for netbooks.StyleCaster New York Amount/Round: $4M/Series A Investors: Individual investor Dan Gilbert, founder of Quicken Loans and owner of the Cleveland Cavaliers basketball team.