Posted by Reuters: Business News on February 5, 2012
ATHENS (Reuters) – Greece’s prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.
Posted by Reuters: Business News on
ATHENS (Reuters) – Greece’s prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remain before the euro zone abandons the country to its fate.
Posted by Reuters: Business News on February 4, 2012
ATHENS (Reuters) – Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.
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ATHENS (Reuters) – Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending cuts in talks with lenders, the country’s finance minister said on Saturday.
Posted by Reuters: Business News on January 29, 2012
ATHENS (Reuters) – Greek Prime Minister Lucas Papademos met leaders of political parties in his coalition on Sunday to persuade them to back painful reforms demanded by the near-bankrupt country’s foreign lenders.
Posted by Reuters: Business News on January 9, 2012
LONDON (Reuters) – Blue-chip names like Johnson & Johnson , Pfizer and Peugeot are among firms bailing out Europe’s ailing banks in a reversal of the established roles of clients and lenders.
Posted by Reuters: Business News on January 8, 2012
LONDON (Reuters) – Global regulators vowed on Sunday to press ahead with tough new liquidity rules for banks from 2015, but in a move to head off opposition from industry, also said lenders can tap into safety buffers in times of stress.
Posted by Reuters: Business News on January 5, 2012
NEW YORK (Reuters) – Stocks rose on Thursday led by bank shares as investors bet a stronger economy will help boost balance sheets of U.S. based lenders.
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WASHINGTON (Reuters) – In his first speech as head of the Consumer Financial Protection Bureau, Richard Cordray said his agency will immediately begin overseeing lenders outside the banking industry, and will take a tough stance against any financial players that break the law.
Posted by Reuters: Business News on December 21, 2011
ROME/MILAN (Reuters) – More than a dozen Italian banks, including top lenders UniCredit and Intesa Sanpaolo , tapped 116 billion euros ($143.52 billion) of new three-year loans offered by the European Central Bank, nearly a quarter of the total, three sources with direct knowledge of the matter told Reuters.
