Competition Commission officials launched extensive inspections without prior warning at the headquarters of the country’s four systemic banks as well as the Hellenic Bank Association (EET) and DIAS Interbank Systems on Thursday.
Slovenia's bad bank has reportedly presented to former Adria Airways pilots a business plan for a potential new flag carrier. Radio Slovenija reported on Thursday, citing unofficial sources, that the carrier would have five Canadair aircraft and 200 employees. The bad bank denied the report.
The stockpile of bad bank loans in the European Union has halved over the past four years but remains hefty at lenders in Greece and Cyprus, the bloc’s banking watchdog said on Friday.
France’s Finance Minister Bruno Le Maire said on Friday there could be progress next year on the feasibility of a digital currency backed by the European Central Bank, but acknowledged the plan was for the long term and faced challenges.
- France's Le Maire sees progress on ECB digital currency next year (Reuters: Nov 8, 2019 at 11:37 AM)
Sudan needs up to $5 billion in budget support to avert economic collapse and launch reforms after the ouster of veteran ruler Omar al-Bashir, its finance minister told Reuters.
European Bank for Reconstruction & Development will present a set of proposals to Turkish authorities and banks on Friday on how to overcome the nation’s bad-debt predicament.
Norway’s $1 trillion wealth fund, the world’s largest, will resume its work on blacklisting greenhouse gas emitters, a senior official told Reuters.
…world’s reserves of rare earth oxides, crucial for numerous high-tech applications including wind turbines and electric cars — Greenland could be the Saudi Arabia of the green future. Donald Trump…
The RIA aggregator plans to maintain a net leverage ratio of 3.5x-4.5x.
UK-based bank is the latest to bow to shareholder pressure in a pensions campaign waged by the UK’s Investment Association