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European Union countries will not admit bankruptcy of any large bank during financial crisis. Such application has been made by the President of the European Union’s “Economic and Financial Affairs” Council and President of the Eurogroup, Jean-Claude Junker (supervising body of 15 EU countries entering into a zone of euro).
Thus Junker has noted that consequences […]
British bank Barclays Plc. negotiates for possible purchase of some actives of gone bankrupt American bank Lehman Brothers Holdings Inc.
Such information has been given is in published today Barclays application.
According to the application, actives can be got only on attractive to British bank’s shareholders terms, and now there is no confidence, that the transaction will […]
As recent interrogation has shown, majority of British is not frightened with problems in the mortgage market, and all of them still wish to become owners of the real estate.
Nine of 10 respondents consider that purchase of the real estate is a reasonable money investment. The majority (60 %) of those, who does not hasten […]
In the first half-year of 2008 net profit of British HSBC Holdings Plc., the largest in the Europe on capitalization bank, has decreased on 29 % - up to 7,72 billion dollars in comparison with 10,9 billion dollars. It is informed in published, on August, 4th, report of the company.
For the first half of current […]
The president of Venezuela Hugo Chavez has signed a package of laws on reform of bank system of the country. The package consists of 26 laws, inuring the special order of the president of Venezuela. Such information has been represented in release of the official publication of the government of Venezuela Official Gazette. Details of […]
Rainy weather has appeared on a hand to the Central Banks of some the countries of the East Europe as it has favorably affected the agricultural crops, which are grown up in these countries.
Good harvests should help to the Central Bank to cope with inflation, which is on record-breaking high marks practically in all developed […]
The largest bank in USA Citigroup Inc. considers an opportunity of sale one of its divisions on rendering retail bank services in Germany Citibank Privatkunden AG and Co. KgaA.
Nevertheless, no decision on the further destiny of division has been accepted yet.
The sources close to Citigroup, prove, that the Deutsche Bank is considered by management Citigroup […]
On the eve, on April, 3rd, International monetary fund (IMF) has already for the second time in this year lowered the forecast of growth of economic in 2008, that having recognized, that housing and credit problems in the USA became the reason of huge problems.
So, according to IMF’s forecasts, this year rates of economic growth […]
In January-February 2008 a gain of gross national product concerning January-February 2007 has made 7,8 % (in February 2008г. - 8,2 %). Such data has been represented in monitoring a macroeconomic situation in the Russian Federation for two months of 2008.
As it is marked in materials of the Ministry of economic development and trade of […]
The lobby of the largest European companies has called to carry on the international negotiations, devoted to the stabilization of the currency markets as Eurozone’s national currency not in the best image affects profit of exporters.
The Chapter of European business organization BusinessEurope considers, that it is impossible to suppose passivity. Eurogroup should make the political […]
