Search Results for: financial crisis
British judge delays trial of RBS shareholder lawsuit to 2017
November 27th, 2015
A High Court judge on Thursday delayed the trial in a drawn-out battle between Royal Bank of Scotland (RBS.L) and shareholders, criticising the lender and its legal advisers for being “unfocused” and swamped by 25 million documents. Thousands of ...
Germany gives Greece names of 10,000 citizens suspected of dodging taxes
November 26th, 2015
Inventory includes accounts invested in Swiss banks worth €3.6bn as Alexis Tsipras pledges to tackle tax dodging to pull country out of economic meltdown Germany has handed Athens the names of more than 10,000 of its citizens suspected of ...
A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks
November 25th, 2015
Today, the Commission has proposed a euro-area wide insurance scheme for bank deposits and has set out further measures to reduce remaining risks in the banking sector in parallel. The recent crisis has shown that large economic and financial ...
OPEC Seen Holding the Line as $40 Crude Looms Over Vienna
November 24th, 2015
All 30 analysts surveyed see OPEC policy unchanged on Dec. 4 Saudi strategy taking effect even as other members protest It’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 ...
Piraeus Bank fails to get needed private funding
November 23rd, 2015
Greece’s second largest lender by assets Piraeus Bank SA announced on Saturday that it didn’t manage to raise all the funds needed from private investors, after capital shortfalls outlined by the European Central Bank in October. This means that ...
Is Anybody Okay Out There?
November 20th, 2015
In normal times, the world’s major economies are a mixed bag. Some are up, some are down, some are placid, some are in crisis. It’s only at the boom/bust extremes that everyone finds themselves in more-or-less the same boat. ...
Egypt’s new central bank chief faces bitter pill of currency devaluation or IMF aid
November 19th, 2015
Spare a kind thought for the travails that Tarek Amer, the newly appointed governor of Egypt’s central bank, will be facing when he formally takes up his post on November 27. He could have had no illusions how disastrous ...
Rolls-Royce calls in top law firm to deal with fraud investigation
November 17th, 2015
The engine maker’s decision to bring in Slaughter and May underlines seriousness of allegations Rolls-Royce has called in a leading law firm to help it deal with bribery allegations and a Serious Fraud Office (SFO) investigation. Slaughter and May has ...
Credit Suisse plans trading floor for Dublin
November 16th, 2015
Swiss bank wants to move 40 traders and 60 support staff to Ireland as part of a cost-cutting drive Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin. The ...
‘Brexit’ Wouldn’t Be Disaster for U.K., Says UBS Chairman
November 11th, 2015
Axel Weber said Britain would probably get a good deal if it voted to leave The chairman of one of Europe’s biggest banks said Tuesday that if the U.K. decided to leave the European Union it probably wouldn’t deal ...
