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Swedish Bank Move Creates a Global Shudder

decision on Thursday by the Swedish central bank to lower its short-term rate to minus 0.50 percent from minus 0.35 percent, has heightened fears that brazen actions by central bankers are now making things ...

Daily Headline - global.abi.org - 02/11/2016 - 22:22 - 0 comments

Household Debt Falls To Early 2006 Levels

2010. As a proportion of disposable income, debt fell 6.5 percentage points to 160.4 per cent, with ... But a fall in financial assets of €3.4 billion hit household net worth during the period, as the value ...

Daily Headline - global.abi.org - 02/11/2016 - 22:23 - 0 comments

Ukraine Agrees Debt Restructuring Deal With Russia's Sberbank

Ukraine has agreed a restructuring deal with Russia's Sberbank on $367.4 million of state-guaranteed debt, the government said in an online statement on Thursday, the Daily Mail reported on a ... Sberbank on $367.4 million of state-guaranteed debt, the government said in an online statement on ...

Daily Headline - global.abi.org - 02/11/2016 - 22:24 - 0 comments

Deutsche Bank Default Insurance Costs Leap To New Highs

The cost of insuring Deutsche Bank debt against default leapt on Thursday, while costs for other European banks also climbed as their shares plunged to multi-year lows, Reuters reported. Credit default swaps (CDS), used to insure debt, now imply a 24.5 p ...

Daily Headline - global.abi.org - 02/11/2016 - 22:24 - 0 comments

Spain's Abengoa Asks For Loan Of Up To 750 Million Euros

Spanish Abengoa has asked its creditors for a loan of up to 750 million euros ($843 million) to keep it afloat while its lenders discuss a financial plan to avoid it becoming Spain's biggest bankruptcy, a source close to the talks said. "Abengo ...

Daily Headline - global.abi.org - 02/10/2016 - 20:09 - 0 comments

IMF Head Warns Ukraine on Bailout Over Pace of Anti-Graft Efforts

The head of the International Monetary Fund warned that the lender’s bailout of Ukraine could be in jeopardy without “a substantial new effort” by the country to accelerate overhauls to improve governance and fight corruption, The Wall Street Journal ...

Daily Headline - global.abi.org - 02/10/2016 - 20:09 - 0 comments

Bank of Greece Wants Bailout Review Wrapped Up Quickly

Greece’s central bank chief called on Wednesday for a prompt conclusion to the country’s first bailout review, or put at risk a projected economic recovery for the second half of 2016, The Wall Street Journal reported. “The projection for an economic ...

Daily Headline - global.abi.org - 02/10/2016 - 20:10 - 0 comments

Bloxham Liquidator In Legal Action With Danske Over Assets

A legal dispute has arisen between Danske Bank and the liquidator of Bloxham stockbrokers over the remaining assets of the firm, which include €4 million from the sale of its client book to rival ... and the liquidator of Bloxham stockbrokers over the remaining assets of the firm, which include €4 ...

Daily Headline - global.abi.org - 02/10/2016 - 20:12 - 0 comments

Global Rout Continues With No Let Up For Banks

reported. The Iseq in Dublin completed its biggest six-day slump since 2011, down another 0.5 per cent ... Dublin completed its biggest six-day slump since 2011, down another 0.5 per cent yesterday. ...

Daily Headline - global.abi.org - 02/10/2016 - 08:27 - 0 comments

Fianna Fáil To Look At Splitting EBS Away From AIB

Fianna Fáil has said it will “examine the feasibility” of EBS being demerged from AIB and sold separately as a standalone mortgage player. The move would be targeted at stimulating competition for home loans and savings products, the Irish Times repo ...

Daily Headline - global.abi.org - 02/10/2016 - 08:28 - 0 comments

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