Search Results for: France
Schaeuble confirms Germany is a founding member of China-led AIIB bank
March 17th, 2015
Finance Minister Wolfgang Schaeuble said on Tuesday that Germany is going to be a founding member of a new international development bank backed by China along with other European countries. The move to join the Asian Infrastructure Investment Bank (AIIB), following the lead ...
Media reports said a growing number of close U.S allies to join a new China-led international development bank
March 17th, 2015
A senior U.S. diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close U.S. allies were ignoring Washington’s pressure to stay out of ...
HSBC closing Britons’ Jersey accounts amid ID checks
March 17th, 2015
HSBC is closing all accounts on Jersey belonging to customers living in the UK. It is part of a move by UK banks carrying out checks on the identity and addresses of thousands of their customers on the Channel ...
Debunking $1.4 Trillion Europe Debt Myth in Post-Heta Age
March 17th, 2015
Austria’s decision to burn bondholders of a failed state bank may mean almost 1.3 trillion euros ($1.4 trillion) of European debt once deemed risk-free now comes with a hazard warning. Austria is the first country to wind down a ...
Eversheds global expansion sees Ian Gray appointed as first International Managing Partner
March 17th, 2015
Law firm Eversheds has announced the appointment of Ian Gray as the firm’s first International Managing Partner with executive responsibilities for its fast-growing international operations. Since 2008-09, the firm’s revenue from international offices has grown 41%. At the same ...
Banco de Madrid Files for Bankruptcy After Parent Accused of Money Laundering
March 16th, 2015
Spanish unit of Banca Privada d’Andorra hit by client withdrawals Banco de Madrid SA, the Spanish unit of an Andorran lender accused of money laundering for organized-crime groups, has filed for protection from its creditors, Spain’s central bank said Monday. Banco ...
Juncker investment plan clears key EU hurdle
March 10th, 2015
European finance ministers on Tuesday approved the key components of Jean-Claude Juncker’s flagship investment plan, the EU’s effort to revive the continent’s flagging economy. Ministers from the bloc’s 28 member states approved the details of the scheme, as Italy ...
Remarks by Jeroen Dijsselbloem at the press conference following the Eurogroup meeting of 9 March 2015
March 10th, 2015
Remarks by Jeroen Dijsselbloem: Let me first report on our discussion on fiscal surveillance. In our meeting of 8 December we identified risks that seven Member States might not comply with the Stability and Growth Pact (SGP) in 2015 ...
Commerzbank nears $1.4 billion-plus settlement with U.S. – sources
March 6th, 2015
Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp (7733.T) accounting scandal, according to two people ...
Asia stocks slip, euro hits 11-year low before ECB
March 5th, 2015
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday’s closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank‘s policy meeting. ...
