Search Results for: financial crisis
Economic sanctions on Russia from EU and U.S.
July 30th, 2014
EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country’s oil industry, in response to Moscow’s continued backing ...
Bank of Cyprus collects €1bn through shares selling
July 29th, 2014
A 1 billion euro ($1.34 billion) capital increase was held by Bank of Cyprus by selling shares, including investors such as the European Bank of Reconstruction and Development (EBRD) and US investor Wilbur Ross, the bank cited on Monday. ...
Banks Cash In on Mergers Intended to avoid Taxes
July 29th, 2014
Jamie Dimon, the chief executive of JPMorgan Chase, recently said, “I love America.” Lloyd Blankfein, the chief executive of Goldman Sachs, wrote an opinion article saying, “Investing in America still produces the best return.” Yet guess who’s behind the ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
British’s Economy Set for Milestone
July 25th, 2014
Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago. Gross domestic product is expected to have kept ...
SEC set to end $1 a share for some money funds
July 23rd, 2014
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is ...
Research: Trends & Conclusions
July 23rd, 2014
The insolvency and restructuring business remains slow-moving thanks to the improving economy and low interest rates. Lawyers note increased competition and a fight for the limited work available. But this period may soon be at an end as the ...
China’s Debt, At 250% Of GDP And Rising, Flashes Warning Signs
July 23rd, 2014
China’s debt has swelled to more than 2 1/2 times the size of its economy, a sign Beijing will face difficulties as it seeks to expand, triggering to a financial crisis. The world’s second-largest economy in June reached a ...
JPMorgan begins to provide consumer help under $13 billion settlement
July 22nd, 2014
JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year’s $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a ...
Markets to Remain Concerned over China’s Debt
July 22nd, 2014
China’s debt has soared to two and a half times its economy, Standard Chartered estimates, highlighting the difficulties Beijing faces in balancing growth with the risk of bubbles forming in its economy. Total financial credit has surged to 251 ...
