Europe

Results for Europe

Suspension of a Portuguese Bank’s Shares Shakes the Markets

Investors received a jolt on Thursday when shares of Portugal’s second-largest bank, Banco Espírito Santo, were suspended from trading, prompting fears that the bank might need to be rescued, the International New York Times reported. The move sent h ...

Daily Headline - global.abi.org - 07/10/2014 - 23:01 - 0 comments

Spain's Gowex Starts Insolvency Proceedings, Ex-CEO Charged

Spanish wireless networks provider Gowex, at the heart of an accounting scandal that has hit Spain's reputation among investors, started insolvency proceedings on Thursday, giving it four months to reach a deal with creditors or face bankruptcy. Spa ...

Daily Headline - global.abi.org - 07/10/2014 - 23:01 - 0 comments

ESM Not For Legacy Debt, Say Bundestag Figures

Senior Bundestag figures in Berlin have said the ESM bailout fund’s new power to recapitalise banks – in the future and retroactively – is a political “fig leaf” that will never benefit Ireland, the Irish Times reported. Their resistance comes a day ...

Daily Headline - global.abi.org - 07/10/2014 - 23:03 - 0 comments

Greek Jobless Rate Still Over 27%

government and its international creditors forecasting an annual expansion rate of 0.6% this year. Read ...

Daily Headline - global.abi.org - 07/10/2014 - 23:04 - 0 comments

Renzi's Push in Brussels May Meet a Familiar End

forecasts suggested the country was falling short of its required adjustment by 0.6 percentage point of GDP. ...

Daily Headline - global.abi.org - 07/10/2014 - 23:04 - 0 comments

Dutch Court Approves Plaza Centers Debt Restructuring Plan

Plaza Centers N.V. Thursday said that the Dutch Court has confirmed its debt restructuring plan, following a hearing, held on July 8. Prior to this, the company had already received approval from 92 percent of creditors, who had voted in favor of the pla ...

Daily Headline - global.abi.org - 07/10/2014 - 23:05 - 0 comments

Scottish Banks Brace for Independence Vote

Visitors arriving at Edinburgh airport are greeted with a large Royal Bank of Scotland Group advert stating "This Is Home." The bank's management isn't sure for how long, The Wall Street Journal reported. In September, Scotland wi ...

Daily Headline - global.abi.org - 07/09/2014 - 22:30 - 0 comments

Liquidation Of Setanta Insurance Could ‘Take Some Time’

The liquidation of Setanta Insurance, which collapsed in April of this year, may “take some time”, director of consumer protection at the Central Bank Bernard Sheridan said today, the Irish Times reported. Speaking before the Joint Oireachtas Committ ...

Daily Headline - global.abi.org - 07/09/2014 - 22:31 - 0 comments

Vatican Restructures Scandal-Hit Bank, French Financier Is New Head

The Vatican said on Wednesday it will separate its bank's investment business from its Church payments work to try to clean up after years of scandal including allegations of money laundering and tax evasion, Reuters reported. French businessman Jea ...

Daily Headline - global.abi.org - 07/09/2014 - 22:32 - 0 comments

Concerns Over Banco Espírito Santo Rattle Portuguese Investors

Shares in Banco Espírito Santo led declines after media reports that Espírito Santo International, which owns part of Espírito Santo Financial Group, which in turn owns a large stake in BES, had delayed coupon payments on some of its short-term debt, T ...

Daily Headline - global.abi.org - 07/09/2014 - 22:41 - 0 comments

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