Europe

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SMEs With Property Debt Twice As Likely To Default, Report Finds

Irish SMEs that borrowed money to invest in property are almost twice as likely to default as similar-sized businesses without property debt, according to new research from the Central Bank. In its report, the bank calculates that 20 per cent of SMEs in ...

Daily Headline - global.abi.org - 08/20/2014 - 20:37 - 0 comments

European Lenders Urged To Forge Ahead And Raise Capital Now

European banks already have enough information to forge ahead with capital-raising exercises, rather than waiting for the formal publication of the health checks later this year, a leading accountancy said. KPMG said the publication of methodologies for ...

Daily Headline - global.abi.org - 08/20/2014 - 20:37 - 0 comments

Details Of Litigation Losses To Be Published Along With Stress Tests

The European Banking Authority will for the first time publish details of banks’ losses from fines and litigation when it releases the results of European Union- wide stress tests later this year. As many as 12,000 data points per bank will be disclosed, ...

Daily Headline - global.abi.org - 08/20/2014 - 20:38 - 0 comments

Fly Romania Asks For Insolvency

Necessair Consulting, the company controlled by Ten Airways director Catalin Butu that could supply tickets to Fly Romania flights, has asked for its insolvency in the Bucharest Tribunal, Business Review reported. The trial term has been set for Sept ...

Daily Headline - global.abi.org - 08/20/2014 - 20:39 - 0 comments

EU Broadens the Scope of Sanctions and Restrictive Measures Targeting Russia

The EU has implemented a program of sanctions and restrictive measures designed to target Russia and persons responsible for actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Whilst these measures had ...

Resource Article - abi_admin - 08/20/2014 - 11:45 - 0 comments - 1 attachment

U.S. Sanctions Update: New Parties and Key Sectors Targeted in Russia, Further Increasing Risks for Global Companies

4 (Europe, Russia) ...

Resource Article - abi_admin - 08/20/2014 - 11:16 - 0 comments - 1 attachment

Irish Banks In Limbo As ECB Stress Testers Pore Over Data

Europe’s banks have done the heavy-lifting in the toughest ever test of their financial strength, but an intensive quality assurance process and decisions still to be taken by supervisors means they cannot work out how they have fared, the Irish Times ...

Daily Headline - global.abi.org - 08/19/2014 - 21:31 - 0 comments

Ukraine Seeks Swiss Help in Recovering Former Regime's Frozen Assets

Ukraine has asked Switzerland for help in recovering assets moved to the Alpine country by members of ousted leader Viktor Yanukovych's inner circle, according to a Swiss official, The Wall Street Journal reported. Since the start of the summer, ...

Daily Headline - global.abi.org - 08/19/2014 - 21:31 - 0 comments

Karstadt Board Postpones Restructuring Meeting

The Karstadt supervisory board announced Tuesday that it had postponed a meeting scheduled for August 21, where executives would have discussed plans for the floundering department store chain's restructuring, Deutsche Welle reported. Chairman Steph ...

Daily Headline - global.abi.org - 08/19/2014 - 21:33 - 0 comments

London Leads UK Property Slowdown

London home sellers cut asking prices by the most in more than six years this month, adding to signs that the property market in the UK capital is coming off the boil, the Irish Times reported. London values fell 5.9 per cent from the previous month ...

Daily Headline - global.abi.org - 08/18/2014 - 21:06 - 0 comments

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