Tag Archives: bank
Manmohan Singh, Prime Minister of India, has inaugurated the country’s first ever state-owned bank for women in the western city of Mumbai. The Bharatiya Mahila Bank, which begins with seven branches, will employ women, accept deposits from and lend mostly to … Continue reading
With the move, the Catalan government’s aim is to strengthen the ICF’s role as a tool to support business and the productive economy. It will mostly focus on providing liquidity to entrepreneurial projects, particularly from SMEs.
Enda Kenny, Prime Minister of Ireland, said the republic is on track to exit its international bailout program by December. He told the Fine Gael party conference in Limerick that although fragile times lay ahead the economic emergency will be … Continue reading
The government‘s sale of Lloyds Banking Group has begun, with big investors being offered 6% of the bank. Based on today’s closing share price, that stake would be worth £3.3bn and the deal will cut the government’s stake in Lloyds … Continue reading
The Board of Directors of Catalan’s second largest bank, Banc Sabadell, approved a capital increase operation of €1.4 billion. With the operation the Catalan bank will be capitalized enough to start internationalization plan.
Leaders of the BRICS group of nations, Brazil, Russia, India, China and South Africa, have said they will set up a $100bn fund to guard against financial shocks. China will contribute $41bn to the pool, with Brazil, India and Russia … Continue reading
Switzerland‘s central bank has said a loan it granted to bail out troubled bank UBS five years ago has been repaid. The development means UBS can now buy back the once-toxic assets taken out of the bank at the height … Continue reading
European Union finance ministers have failed to agree on how to rescue troubled banks in any future crisis. After almost 20 hours of talks, ministers are still split on whether savers should bear any of the cost of a bailout.
Nicos Anastasiades, President of Cyprus, has urged in a high critical letter euro zone leaders to revise the terms of his country’s bank bailout. He said the haircut imposed on large deposits under the 10bn-euro bailout had significantly eroded the … Continue reading