Search Results for: EU
BofA Paying $315 Million to Settle With BNP, Deutsche Bank
May 6th, 2015
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage ...
Euro area bank interest rate statistics: March 2015
May 6th, 2015
• The composite cost-of-borrowing indicator for new loans to corporations remained unchanged at 2.34% in March 2015. • The composite cost-of-borrowing indicator for new loans to households for house purchase decreased by 8 basis points from the previous month ...
Russia’s Gazprom Suing Ukraine’s Naftogaz for $24 Billion in Gas Price Feud
May 6th, 2015
Russian energy giant Gazprom is suing Ukraine’s state gas company Naftogaz for nearly $24 billion amid a long-running gas pricing dispute between the two countries, according to a report published on the Naftogaz website. Ukraine is suing for a similarly massive sum: Prime Minister Arseniy ...
Morgan Stanley Says Litigation with Deutsche Bank Could Cost It Around $300 Million — Filing
May 5th, 2015
Suit over legacy-mortgage matters continues Morgan Stanley said on Monday that a continuing lawsuit with Deutsche Bank over legacy mortgage matters could cost it nearly $300 million. In April 2014, Deutsche Bank accused Morgan Stanley in a complaint of making false representations ...
Greek Nerves Turning Asian Money Off Europe, ADB Economist Says
May 4th, 2015
Asian companies are thinking twice about their dealings with European partners as jitters persist over whether Greece will splinter the euro area, the Asian Development Bank’s chief economist said. “The private sector is trying to adjust their strategy,” Shang-Jin Wei said ...
Euro area annual inflation up to 0.0%
April 30th, 2015
Euro area(1) annual inflation(2) is expected to be 0.0% in April 2015, up from -0.1% in March(3) , according to a flash estimate(4) from Eurostat, the statistical office of the European Union. Looking at the main components of euro ...
Stocks slip, euro near two-month high as US economy loses steam
April 30th, 2015
Asian stocks stumbled on Thursday while the euro held near two-month highs against the dollar after surprisingly downbeat first-quarter economic growth in the United States – a key export destination for many of the region’s economies. Spreadbetters expected the ...
Deutsche Bank is to invest up to €1 billion in digital technologies
April 29th, 2015
Investment is part of the German bank’s restructuring strategy, which aims to achieve annual savings of €3.5 billion by 2020. Deutsche Bank is to invest up to €1 billion to deploy digital technologies across all of its businesses over ...
Coinzone to Launch Dedicated Bitcoin Wallet for Europe
April 28th, 2015
Simple and secure web-based wallet will make it easy for European consumers to send, receive, buy and sell Bitcoin Coinzone, a leading Bitcoin payment solution provider dedicated to making it easy for European merchants and consumers to use and ...
Enternext Launches Tech 40 Label to Promote Innovative European Companies
April 28th, 2015
EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs, today announced the launch of Tech 40, a label recognising innovative European SMEs listed on the markets it covers. Each year Tech 40 will allow 40 ...
