Search Results for: PRA
Bank of Russia Gets Putin’s Praise, Opts for Verbal Intervention
August 10th, 2015
Russian President Vladimir Putin commended the central bank for its efforts to keep the ruble stable after policy makers called for calm as the currency headed for a six-month low. “The central bank is doing a lot to strengthen ...
Tsipras sees talks in final stretch; Banks index sheds 63.8 pct in three days
August 6th, 2015
Greek stocks continued to slide for a third session in a row on Wednesday, with banks suffering another dramatic day with losses of 27 percent for their sectoral index. Banks’ cumulative losses since the reopening of the local bourse ...
Citibank to refund $700 million to credit card customers for unfair and deceptive practices
July 22nd, 2015
Citibank, N.A. and some of its subsidiaries is ordered to refund approximately $700 million to customers for unfair and deceptive credit card practices. This includes unfairly billing consumers for credit card add-on products, deceptively marketing those products, and deceptive collection ...
EU Demands Complete Capitulation From Tsipras
July 13th, 2015
European leaders gave Greek Prime Minister Alexis Tsipras a straightforward choice: ditch his principles or quit the euro. Tsipras was presented with a laundry list of unfinished business from Greece’s previous bailouts at an emergency summit that stretched in ...
Greece debt crisis: Tsipras appeals for European unity
July 8th, 2015
Greek Prime Minister Alexis Tsipras has called for the European Union to avoid division, as indebted Greece struggles to stay in the euro. In a sometimes stormy debate in the European Parliament, he said: “Let’s not let Europe be ...
Greece PM Tsipras Makes Move to End Bailout Deadlock
July 1st, 2015
Greek Prime Minister Alexis Tsipras accepted creditors’ proposals as a basis for compromise to end a standoff over its bailout. In a letter to European Commission President Jean Claude Juncker, European Central Bank President Mario Draghi and International Monetary ...
Greek crisis: Tsipras says ‘no deal’ with creditors
June 24th, 2015
International creditors on Wednesday rejected the Greek government’s plan to end its financial crisis, but they have submitted counterproposals. News of the rejection, announced by Greek Prime Minister Alexis Tsipras, dashed hopes of an imminent deal between the embattled ...
PM Tsipras to meet Draghi, Juncker, Lagarde ahead of Eurogroup
June 24th, 2015
As eurozone finance ministers converge in Brussels on Wednesday to further assess Greece’s economic proposals in a bid to move toward a deal, Prime Minister Alexis Tsipras is to meet with European Commission President Jean-Claude Juncker, European Central Bank ...
Greek Prime Minister Tsipras demands debt relief
June 17th, 2015
Any agreement between Greece and its lenders will have to include several elements, including debt relief, Prime Minister Alexis Tsipras said Tuesday as he aimed more criticism at the country’s creditors. Speaking in Parliament at a meeting of SYRIZA’s ...
Greece crisis: PM Tsipras tells creditors to ‘get real’
June 15th, 2015
Greek Prime Minister Alexis Tsipras has said his government will wait patiently for international creditors to become “realistic”, after talks on a debt deal in Brussels failed. Mr Tsipras rejected demands for pension cuts, citing his country’s dignity. Time ...
