Europe

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Deutsche Bank Risk Measures Soar on Financial Health Concern

The cost of insuring Deutsche Bank AG’s subordinated debt rose to a record amid growing concerns about the lender’s financial health, Bloomberg News reported today. Credit-default swaps on the German lender’s junior bonds jumped as much as 37 basis point ...

Daily Headline - abi_admin - 09/27/2016 - 13:31 - 0 comments

Allianz Exploring Options for Its OLB Banking Unit

Allianz is in talks with interested parties about the partial or total sale of regional private bank Oldenburgische Landesbank AG (OLB), which is 90 percent owned by the German insurer, Reuters reported today. U.S. private equity group Apollo and Germany ...

Daily Headline - abi_admin - 09/27/2016 - 13:32 - 0 comments

IMF Calls On Eurozone For Bolder Greece Debt Relief

The International Monetary Fund has piled pressure on eurozone governments to take bolder action to alleviate Greece’s debt burden, saying that current plans do not go nearly far enough to address the country’s chronic problems, the Financial Times r ...

Daily Headline - global.abi.org - 09/25/2016 - 18:43 - 0 comments

French Revival Fuels Eurozone as Germany Falters

An unexpected revival in France’s economy may have helped the eurozone avoid a further slowdown in the three months to September, according to surveys of purchasing managers at manufacturers and service providers in the currency area, The Wall Street J ...

Daily Headline - global.abi.org - 09/25/2016 - 18:45 - 0 comments

Portugal Faces Slowdown Amid Anti-Austerity Moves, Warns IMF

Portugal’s fragile recovery is losing momentum, with growth held back by sluggish investment and weak exports as uncertainty and corporate debt weigh on the economy, the International Monetary Fund has warned. The consumption-based recovery of the past t ...

Daily Headline - global.abi.org - 09/22/2016 - 23:11 - 0 comments

Clerys Wind-Up Could Take Another Two Years, Liquidators Say

The liquidators of Clerys say the winding up of the old Dublin department store is being delayed by legal proceedings and could take a further two years to complete. They also confirm they have made reports to the Office of the Director of Corporate Enfo ...

Daily Headline - global.abi.org - 09/22/2016 - 23:13 - 0 comments

Norway’s Central Bank Seen Done Easing After Oil Crisis Escape

generation, Bloomberg News reported. The central bank will keep its key policy rate at 0.50 percent at a meeting on Thursday, according to 15 of 22 economist surveyed by Bloomberg. Seven predict a cut to 0 ...

Daily Headline - global.abi.org - 09/18/2016 - 18:16 - 0 comments

Ukraine Says $1 Billion IMF Loan Shows Country Is Committed to Overhauls

The Ukrainian government Thursday welcomed a long-delayed emergency payment of $1 billion from the International Monetary Fund, a move that paved the way for further international aid to help bolster the country’s fragile finances, The Wall Street Jour ...

Daily Headline - global.abi.org - 09/15/2016 - 22:49 - 0 comments

Europe Said to Threaten Revolt Over Bank Capital-Rule Overhaul

Europeans told the world’s top banking regulator that they’ve had enough. In two heated meetings in the past week, regulators from countries including Germany and Italy told the Basel Committee on Banking Supervision that proposed changes to how banks as ...

Daily Headline - global.abi.org - 09/15/2016 - 22:50 - 0 comments

Brexit Makes EU Capital Markets Union More Urgent, Says Commissioner

Brussels is to venture into sensitive areas such as national insolvency laws and tax as it redoubles its efforts to forge a common EU capital market, the Financial Times reported. Valdis Dombrovskis, the European commissioner in charge of financial s ...

Daily Headline - global.abi.org - 09/14/2016 - 23:17 - 0 comments

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