Europe

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Political Crisis Jeopardizes Future of Bulgarian Bank

The fate of one of the biggest banks in the European Union’s poorest country, Bulgaria, remains hostage to a political crisis, which caused the prime minister’s government to resign on Wednesday, the International New York Times reported. The resigna ...

Daily Headline - global.abi.org - 07/23/2014 - 21:26 - 0 comments

Fewer Individuals In Scotland Facing Insolvency

The number of recorded personal insolvencies has reached its lowest level in nearly a decade, according to official figures, BBC News reported. The Scottish government said more people were using its debt payment programmes to manage their finances. Ente ...

Daily Headline - global.abi.org - 07/23/2014 - 21:27 - 0 comments

Central Bank Secures Order To Wind Up Cork Credit Union

The Central Bank has secured High Court orders winding up a credit union in Cork with 3,500 members, the Irish Times reported. The President of the High Court, Mr Justice Nicholas Kearns, today appointed insolvency practitioners Jim Hamilton and Davi ...

Daily Headline - global.abi.org - 07/23/2014 - 21:27 - 0 comments

Bank Union Seen As Risk To Voice At EU

Britain and other non-euro states are at risk of losing their influence over financial legislation as single currency members pursue their banking union project, respondents to a UK Treasury review have warned, the Financial Times reported. The repor ...

Daily Headline - global.abi.org - 07/22/2014 - 21:46 - 0 comments

Spain Sells Catalunya Banc to BBVA for $1.6 Billion

Spain has taken an important step toward completing the cleanup of its banking sector by selling the state-owned Catalunya Banc to BBVA for 1.19 billion euros, or $1.6 billion, the International New York Times DealBook blog reported. The sale, announ ...

Daily Headline - global.abi.org - 07/22/2014 - 21:46 - 0 comments

Dail 'Will Rush To Fix Defect In Insolvency Legislation'

A defect in the personal insolvency legislation that gives banks extra powers to vote down debt deals will be fixed, officials have pledged. The Department of Justice insisted the change to the personal insolvency legislation will be given priority when ...

Daily Headline - global.abi.org - 07/22/2014 - 21:46 - 0 comments

Euro Zone's Debt Rises In First Quarter, Set To Peak This Year

debt to peak at 96 per cent of gross domestic product this year and then ease to 95.4 per cent of GDP ...

Daily Headline - global.abi.org - 07/22/2014 - 21:47 - 0 comments

Global Crackdown On Offshore Secret Tax Accounts Yields €37 Billion

Governments across the world have collected more than €37bn of tax from secret offshore accounts since 2009, it emerged on Monday as new details were unveiled of the next phase of the global crackdown on tax evasion, the Financial Times reported. The ...

Daily Headline - global.abi.org - 07/21/2014 - 18:47 - 0 comments

New Law To Protect Borrowers Whose Loans Were Sold

The Government is planning new legislation to protect borrowers whose loans were sold to unregulated financial entities in the wake of the crash, the Irish Times reported. Up to 10,000 mortgages are now controlled by institutions which are under no o ...

Daily Headline - global.abi.org - 07/21/2014 - 18:48 - 0 comments

BBVA Wins Auction for Catalunya Banc

Banco Bilbao Vizcaya Argentaria SA won an auction to buy nationalized bank Catalunya Banc SA, Spain's bank-rescue fund said Monday, The Wall Street Journal reported. Spain's second-largest bank by market capitalization offered to pay €1.2 b ...

Daily Headline - global.abi.org - 07/21/2014 - 18:49 - 0 comments

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