Europe

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HSH Nordbank Braced For Impact Of ECB Assets Probe

The European Central Bank’s investigation of the eurozone’s largest lenders is raising further concerns over the future of German publicly owned Landesbank HSH Nordbank, as its bloated shipping portfolio comes under intense scrutiny, the Financial Time ...

Daily Headline - global.abi.org - 10/19/2014 - 22:29 - 0 comments

Icelandic Bank Targets First IPO Since $85 Billion Default

Six years after Iceland’s banks defaulted on $85 billion in debt and brought the Atlantic island’s economy to its knees, Islandsbanki hf is seeking to sell shares to international investors, Bloomberg News reported. The island’s second-largest bank, form ...

Daily Headline - global.abi.org - 10/19/2014 - 22:30 - 0 comments

Espírito Santo’s Main Holding Companies Head for Liquidation

assets of €4.35 billion ($5.57 billion) and total liabilities of €3.42 billion as of December 2013. ...

Daily Headline - global.abi.org - 10/19/2014 - 22:30 - 0 comments

Lufthansa Pilots to Strike Monday

Pilots of German carrier Deutsche Lufthansa AG will go on strike again Monday and Tuesday in their continuing dispute over retirement benefits, The Wall Street Journal reported. The pilots union, Vereinigung Cockpit, said in a statement the strike wi ...

Daily Headline - global.abi.org - 10/19/2014 - 22:31 - 0 comments

Banco Espírito Santo Inquiry Broadens

Regulators probing Banco Espírito Santo SA, the large Portuguese bank whose collapse rattled global markets this summer, have focused in public on relatively recent problems that doomed the lender and its affiliated companies, The Wall Street Journal ...

Daily Headline - global.abi.org - 10/16/2014 - 21:59 - 0 comments

E.U. Praise for Greece Fails to Stem Bond Sell-Off

Just a few months ago, Greece appeared to be on the road to recovery. But in recent days it has helped stir up a storm in European bond markets as investors realized that Athens might not be on such a firm path after all, the International New York Tim ...

Daily Headline - global.abi.org - 10/16/2014 - 22:08 - 0 comments

RBS Task Force To Prep Debtors For Rate Hikes

Borrowers are not ready for higher interest rates and could struggle to pay the bills even with a small rise in repayments, RBS chief Ross McEwan warned yesterday. Most RBS and NatWest mortgage borrowers had never experienced an interest rate rise, he sa ...

Daily Headline - global.abi.org - 10/16/2014 - 22:19 - 0 comments

UniCredit, Italy’s Biggest Lender, To Dispose Of More Than €5 Billion In Bad Loans

disposal of its bad loans management business and a €3.4 billion portfolio of toxic debt. The moves by ...

Daily Headline - global.abi.org - 10/15/2014 - 22:15 - 0 comments

EBA Says Some Banks Breach Bonus Rules

Some top banks are making special payments to top executives, circumventing European Union rules capping bonuses, and the practice should stop, the bloc’s banking watchdog said, The Wall Street Journal reported. The payments aren’t in line with new E ...

Daily Headline - global.abi.org - 10/15/2014 - 22:15 - 0 comments

Slaughters, Clifford Chance Among Firms Sealing £2.3 Billion Debt Restructuring For Punch Taverns

Slaughter and May, Clifford Chance (CC) and Hogan Lovells have won advisory roles on pubs giant Punch Taverns’ £2.3bn debt refinancing, LegalWeek reported. Punch, which began talks on its restructuring nearly two years ago, received the approval need ...

Daily Headline - global.abi.org - 10/15/2014 - 22:19 - 0 comments

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