Europe

Serbian state-owned bank Postanska Stedionica took over the assets and liabilities of collapsed lender Razvojna Banka Vojvodine (RVB) on Monday, Postanska said. RVB is the second Serbian bank to collapse since the Socialist-nationalist government took ov ...

Daily Headline - global.abi.org - 04/08/2013 - 20:58 - 0 comments

The eurozone is facing a new crisis and another government could fall after Portugal's highest court rejected four out of nine austerity measures ordered by international lenders, including the European Union, as a condition for the country's 7 ...

Daily Headline - global.abi.org - 04/07/2013 - 21:09 - 0 comments

National Bank's plan to absorb Eurobank to form Greece's biggest banking group will be suspended until both are recapitalised, and a state bank support fund will decide if the they should merge, a Finance Ministry official said on Sunday, Reute ...

Daily Headline - global.abi.org - 04/07/2013 - 21:10 - 0 comments

Bank of Ireland approved €1 billion of new loans to small and medium-sized enterprises in the first quarter of 2013, an increase of 25 per cent in the number of loans approved in the first three months of 2012, the Irish Times reported. The bank yest ...

Daily Headline - global.abi.org - 04/07/2013 - 21:10 - 0 comments

Spain's Pescanova, one of the world's largest fishing companies, is filing for insolvency after a month of boardroom battles ended in stalemate and put the future of the debt-laden group at risk. Negotiations with creditors are deadlocked and t ...

Daily Headline - global.abi.org - 04/07/2013 - 21:12 - 0 comments

Gyorgy Matolcsy, the governor of Hungary’s central bank , on Thursday revealed a package of measures potentially worth up to €4.6bn designed to stimulate growth in Hungary’s flagging economy, the ... up to €4.6bn designed to stimulate growth in Hungary’s flagging economy, the Financial Times ...

Daily Headline - global.abi.org - 04/04/2013 - 22:48 - 0 comments

Restructuring specialist Hilco is set to throw British entertainment retailer HMV a lifeline in a 50 million pound deal that will save 2,500 jobs, Reuters reported on a Sky News story. The deal, which could be struck as soon as Friday, will see HMV emerg ...

Daily Headline - global.abi.org - 04/04/2013 - 22:55 - 0 comments

Rising and volatile Italian government bond spreads caught domestic banks off guard and caused a credit crunch in the euro-zone's third-largest economy in late 2011, the International Monetary Fund concludes in a new study, The Wall Street Journal ...

Daily Headline - global.abi.org - 04/03/2013 - 21:43 - 0 comments

The European Union's banking regulator will decide over the coming months which bankers should have bonuses capped, raising hopes among lenders that the rules can be eased before they take effect in 2014, Reuters reported. The EU approved a law to c ...

Daily Headline - global.abi.org - 04/03/2013 - 21:44 - 0 comments

Complaints about the dearth of lending by banks can be heard in small and midsized businesses up and down the country, and are raising concern not just within the Spanish government but also the European Central Bank in Frankfurt, the Financial Times ...

Daily Headline - global.abi.org - 04/03/2013 - 21:45 - 0 comments