Category : Banking crisis

November 3, 2017 - 3:40:02 AM

Italy Faces Huge Loss on Paschi

The Italian Government seems to accept the idea of losing the funds invested in the Bank bailout.

October 31, 2017 - 3:01:43 AM

Nordea to Cut ‘at Least’ 6,000 Jobs in Fight to Stay Competitive

To stay competitive, the largest Nordic bank is being forced to cut staff numbers.

October 16, 2017 - 9:04:00 AM

Kansas Bank Becomes 7th US Bank Failure of 2017

The crisis continues in the banking sector and The Farmers and Merchants State Bank of Argonia is the seventh institution to fail in USA this year.

September 22, 2017 - 4:21:09 AM

Monte dei Paschi's shares price below bailout level

The bailout of Italy’s fourth-largest bank implied a large loss for the country’s taxpayers.

September 14, 2017 - 5:08:37 AM

Spain's Liberbank plans 500 mln euro capital increase to shore up finances

While Spain is facing a political crisis with Catalonia's desire for independence, economically nothing has been solved. New bank failures are emerging.

August 29, 2017 - 2:22:31 AM

Government debt rose €800 per person in the first half of the year

Portugal’s government debt went up in June to 132.4% of Gross Domestic Product (GDP), from 130.5% in the first quarter of the year and the 130.3% seen at the end of 2016, the Bank of Portugal said on Tuesday.