Posted by Reuters: Business News on December 30, 2011
MADRID (Reuters) – Spain’s centre-right government will announce billions of euros in savings measures on Friday, using its first decrees since sweeping to power at November elections to give the nation a foretaste of tougher austerity to come.
Posted by Reuters: Business News on November 3, 2011
PARIS (Reuters) – France’s biggest listed bank BNP Paribas reported a 72 percent slide in third-quarter earnings on Thursday after it booked a bigger-than-expected 2 billion-euro ($2.76 billion) charge on Greek debt and sold billions of euros’ worth of government bonds.
Posted by Reuters: Business News on September 12, 2011
LONDON (Reuters) – Britain’s banks face some of the world’s toughest regulations under reforms outlined on Monday, which require them to insulate their retail lending activities and store up billions in extra capital at a cost of up to 7 billion pounds ($11 billion).
Posted by Reuters: Business News on September 2, 2011
WASHINGTON (Reuters) – A U.S. regulator is filing lawsuits against major banks, accusing them of bundling subprime home loans into bonds that never should have been sold to investors, and causing mortgage giants Fannie Mae and Freddie Mac to lose billions, a source said.
Posted by Reuters: Business News on August 23, 2011
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp shares fell as much as 6.2 percent in morning trading Tuesday amid fears that the largest U.S. bank by assets will need to raise capital to absorb billions in mortgage losses.
Posted by Reuters: Business News on June 19, 2011
ROME (Reuters) – Europe risks wasting more money for nothing if it keeps pumping billions into the ailing Greek economy, the head of Pimco, the world’s largest bond fund, said in an interview published on Sunday.
Posted by Reuters: Business News on June 18, 2011
TOKYO (Reuters) – Tokyo Electric Power Co will ask major life insurers, including Nippon Life and Dai-ichi Life , for hundreds of billions of yen in additional loans as it faces big bills in restoring control over a crippled nuclear plant and paying for fuel costs for thermal plants, Japan’s Asahi newspaper reported on Saturday.
Posted by Reuters: Business News on May 24, 2011
WASHINGTON (Reuters) – Contractors and businesses that received money through the 2009 federal economic stimulus plan owe billions in unpaid taxes to the U.S. government, a federal auditor said on Tuesday.
Posted by Reuters: Business News on January 21, 2011
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp, the largest U.S. bank by assets, reported a second straight quarterly loss as mortgage woes continue to saddle the bank with billions in…
Posted by Reuters: Business News on November 3, 2010
WASHINGTON (Reuters) – The Federal Reserve is expected to announce a controversial policy on Wednesday to buy billions more dollars of government bonds in an attempt to breathe new life into the…
