Results for Europe
- Revised Restructuring Plan For Anglo
A revised restructuring plan will see Anglo Irish Bank rebranded and changed into an asset recovery bank, chairman Alan Dukes confirmed today, the Irish Times reported. Mr Dukes said the original plan to split Anglo into a funding bank and recovery a ...
Daily Headline - global.abi.org - 11/30/2010 - 10:27 - 0 comments
- Berlin Reconciles Itself to Bailouts
Germany's insistence that Ireland, Greece and the euro zone's other fiscally feeble members adopt punishing austerity regimes has fueled concern across Europe that the bloc's biggest member is souring on the euro. But Sunday's agreeme ...
Daily Headline - global.abi.org - 11/30/2010 - 10:25 - 0 comments
- A Home-Price Puzzle in Spain
Spain faces a problem as empty homes left over from the housing boom go up for sale: determining just how much the properties are worth, The Wall Street Journal reported. Analysts, property-sales representatives and economists said data coming from t ...
Daily Headline - global.abi.org - 11/29/2010 - 08:29 - 0 comments
- Battle Set To Delay Anglo Irish Restructuring
A second bondholder group has claimed to hold a stake sufficient to block part of Anglo Irish Bank’s efforts to bolster its capital – raising the prospect of the bank’s restructuring being delayed. The bank’s battle with its bondholders is being closely ...
Daily Headline - global.abi.org - 11/29/2010 - 08:28 - 0 comments
- Banks Appoint Receivers To Insolvent Pierse
Two banks have appointed receivers to insolvent building company, Pierse Contracting, to protect their secured debts, the Irish Times reported. Simon Coyle of Mazars is investigating Pierse group’s trading activities on the instruction of the High Co ...
Daily Headline - global.abi.org - 11/29/2010 - 08:26 - 0 comments
- Crunch Time For Cattles As It Seeks Debt Verdict
Stricken British subprime lender Cattles is trying to cement a so far elusive debt deal with its creditors in the next week to avoid administration, sources close to the matter said on Friday, Reuters reported. Cattles will need support from enough bondh ...
Daily Headline - global.abi.org - 11/29/2010 - 08:25 - 0 comments
- Ministers Approve Bailout of Ireland
Fighting to prevent an accelerating debt crisis from engulfing Portugal and Spain, Europe’s finance ministers approved an 85 billion euro bailout package for Ireland, while also agreeing for the first time to hold private investors accountable for losses ...
Daily Headline - global.abi.org - 11/29/2010 - 08:24 - 0 comments
- Spanish Crisis Could Strain EU's Current Bailout Capacity
The European emergency fund, promoted as having the financial firepower to douse a financial crisis in the euro zone, may not even have enough money to cover a bailout of Spain, Dow Jones Daily Bankruptcy Review reported. "[The fund] will be very cl ...
Daily Headline - global.abi.org - 11/29/2010 - 08:18 - 0 comments
- Germany's Upper House Approves Bank Restructuring Law
Germany's upper house of parliament Friday approved the country's bank restructuring law, which includes a bank levy to generate funds for troubled banks, Dow Jones reported. The upper house voted against the recommendations of its finance and ...
Daily Headline - global.abi.org - 11/26/2010 - 18:51 - 0 comments
- Europeans Clash on Bailout
European leaders sparred over whether to commit more funds to rescue struggling euro-zone countries, as financial-market pressure on the region's weakest economies intensified, The Wall Street Journal reported. The European Union's executiv ...
Daily Headline - global.abi.org - 11/26/2010 - 18:49 - 0 comments