Search Results for: financial crisis
Co-op Bank to raise £400m as losses widen
March 24th, 2014
Co-operative Bank to launch £400m rights issue following discovery of costs related to past misconduct TROUBLED LENDER the Co-operative Bank was plunged deeper into crisis today after it revealed it needs to raise another £400m of capital following the ...
Russia Staring at Recession on Sanctions
March 24th, 2014
Western sanctions are pushing Russia toward recession and the pain could intensify if U.S. and European leaders turn the screw over tensions in Ukraine. Banks including state-run VTB Capital say the world’s ninth-biggest economy will shrink for at least ...
Putin Clears Crimea Annexation as Ukraine Signs EU Pact
March 21st, 2014
Russia completed the process of annexing Crimea and the European Union signed a political pact with Ukraine, escalating the worst standoff between Russia and the West since the Cold War. Russian President Vladimir Putin signed legislation approved by lawmakers ...
Credit Agricole Targets Profit Above $5.5 Billion by 2016
March 20th, 2014
Credit Agricole SA, France’s third-largest bank, will seek to reach at least 4 billion euros ($5.5 billion) of annual net income by 2016 and build up capital as its main European markets emerge from recession. “We’ve deeply transformed our ...
Dollar Gains as Stocks Fluctuate With Bonds Before Fed
March 19th, 2014
The dollar gained against most major currencies while Treasuries and German bunds fluctuated with European stocks before the Federal Reserve decides monetary policy. China’s yuan dropped to the lowest in 11 months amid concern that more companies will default ...
Londongrad Dealmakers Threatened by Sanctions
March 18th, 2014
Russian companies have made $180 billion in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the ...
Russia Sounds Alarm on Economy as West Starts With Sanctions
March 18th, 2014
Russia’s economy is showing signs of a crisis, the government in Moscow said as the U.S. and the European Union announced sanctions over its support for the Crimea region breaking away from Ukraine. “The situation in the economy bears ...
East-West standoff complicates any IMF deal for Ukraine
March 17th, 2014
Ukrainian bond prices are holding up better than expected in the stand-off with Russia because investors think the International Monetary Fund might not impose tough conditions in an expected aid programme due to Kiev’s political importance to the West. ...
Harris Georgiades, Minister of Finance
March 12th, 2014
Cyprus is striving to get back to business as usual after securing a financial bailout package, what are the immediate priorities of the Ministry of Finance? After the recent Eurogroup decisions on financial assistance, Cyprus aims to restore confidence ...
Cyprus central bank head who led Cyprus through bailout quits
March 11th, 2014
Cypriot Central Bank governor Panicos Demetriades, whose testy relations with the island’s government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned on Monday. President Nicos Anastasiades, who had been pressing for Demetriades’s departure ever ...
