banking crisis

Ecuadorian central bank official gored at bullfight


July 18th, 2012 - 11:23 am ICT by IANS
Quito, July 18 (IANS/EFE) Pedro Delgado, chairman of the board of the Ecuadorian Central Bank and a cousin of President Rafael Correa, was admitted to hospital after being gored during ... Read more...

Posted in World |

Infosys fears euro could collapse


July 12th, 2012 - 5:28 pm ICT by IANS
Bangalore, July 12 (IANS) India's IT bellwether Infosys fears that the euro could collapse due to the sovereign debt crisis in Greece and Italy and the banking crisis in Spain."We ... Read more...

Posted in Business |

Indo-German trade to touch 20 billion euros: Krishna


June 22nd, 2012 - 7:39 pm ICT by IANS
Bangalore, June 22 (IANS) Bilateral trade between India and Germany would touch 20 billon euros ($25 billion) during this calendar year despite debt crisis in Europe and the global economic ... Read more...

Posted in Business |

India pledges $10 bn to IMF for Eurozone


June 19th, 2012 - 8:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India Monday pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout ... Read more...

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Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

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Britain not to fund EU bank bailouts


June 3rd, 2012 - 11:33 pm ICT by IANS
London, June 3 (IANS) Ahead of the European Commission revealing plans to rescue and winddown failing lenders on the ccontinent as the Spanish banking crisis mounts, Britain has ruled out ... Read more...

Posted in World |

Bank of England chief says UK could face another financial crisis


March 5th, 2011 - 10:59 am ICT by ANI
London, Mar. 5 (ANI): The Governor of the Bank of England, Mervyn King, has warned that the United Kingdom could face another financial crisis if reform is not carried out in the ... Read more...

Posted in World |

G-20 should protect interests of financial consumers: NGO


October 9th, 2010 - 9:24 pm ICT by IANS
New Delhi, Oct 9 (IANS) The G-20 should take concrete action to protect the interests of financial services consumers who have been badly hit by the recent downturn in the industry, ... Read more...

Posted in Business |

I get credit crunch nightmares: NRI ex-minister


December 4th, 2009 - 6:22 pm ICT by IANS
By Dipankar De Sarkar London, Dec 4 (IANS) A powerful Indian-origin troubleshooter who helped restore economic order in Britain amid the impending collapse of high street banks says the year-old crisis still ... Read more...

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Lehman Brothers’ collapse to be subject of BBC film


August 19th, 2009 - 11:43 pm ICT by IANS
London, Aug 19 (DPA) The British Broadcasting Corporation (BBC) is turning the collapse of US investment bank Lehman Brothers nearly a year ago into a TV fiction film, it was announced ... Read more...

Posted in Entertainment |

India demands greater voice in IMF for emerging economies


April 25th, 2009 - 11:53 pm ICT by IANS
By Arun Kumar Washington, April 25 (IANS) As the world grapples with the deepest recession since World War II, India has sought greater voice and representation for emerging and developing economies in a ... Read more...

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Anti-G20 protesters attack banks, one dead


April 2nd, 2009 - 10:42 am ICT by IANS
London, April 2 (DPA) Violent anti-globalisation protests overshadowed the Group of 20 (G20) summit Wednesday in London as campaigners vandalised banks and clashed with heavily armed riot police. One fatality was reported in ... Read more...

Posted in Business |

Protesters scuffle with police in London


April 1st, 2009 - 7:52 pm ICT by IANS
London, April 1 (DPA) Angry protesters shouting "Shame on you" and "Storm the banks" were involved in scuffles with police outside the Bank of England during anti-globalisation demonstrations in London Wednesday. Thousands of ... Read more...

Posted in Business |

Lloyds Banking Group plunges into red after HBOS takeover


February 27th, 2009 - 4:30 pm ICT by IANS
London, Feb 27 (DPA) Lloyds Banking Group Friday reported 2008 losses of 9.9 billion pounds ($14 billion) following its growth into a "superbank" through the emergency takeover of Halifax Bank of Scotland ... Read more...

Posted in World |

Russia’’s richest man scraps deal to buy worlds most expensive mansion


February 19th, 2009 - 5:45 pm ICT by ANI
London, Feb 19 (ANI): Hit by recession, Russia''s richest man Mikhail Prokhorov no longer wants to buy the world''s most expensive mansion on the French Riviera. Prokhorovhas, 43, has cancelled his 500 ... Read more...

Posted in World |

Britain’’s recession will be deepest, IMF warns


January 29th, 2009 - 3:01 pm ICT by ANI
London, Jan.29 (ANI): Britain''s recession will be deeper than any other major country this year, the International Monetary Fund warned today as the banking crisis continues to send shudders through the ... Read more...

Posted in World |

Browns bounce back in polls halted following controversial pre-Budget Report


December 20th, 2008 - 7:00 pm ICT by ANI
London, Dec 20 (ANI): In the wake of the British Governments controversial pre-Budget Report, Prime Minister Gordon Browns revival in the polls has been halted, according to an opinion poll.The Conservatives ... Read more...

Posted in World |

Citigroup ‘went wrong’ on realty: Vikram Pandit


November 26th, 2008 - 2:10 pm ICT by IANS
New York, Nov 26 (IANS) Virtually blaming the previous management for the mess within Citigroup Inc, its Indian-American chief executive Vikram Pandit said its unchecked exposure to the US realty industry led ... Read more...

Posted in World |

9 in 10 Brit happy despite credit crunch, claims survey


November 8th, 2008 - 2:24 pm ICT by ANI
London, Nov 8 (ANI): Britons surely know how to remain happy during troubled times, for a new survey has revealed that nine out of ten people are positive despite rising unemployment ... Read more...

Posted in National |

Nature loss bigger issue than current banking crisis


October 10th, 2008 - 1:23 pm ICT by ANI
London, Oct 10 (ANI): A EU (European Union) commissioned study has determined that the global economy is losing more money from the disappearance of forests than through the current banking crisis. The ... Read more...

Posted in National |

Brown dramatically blames US for world banking crisis


October 1st, 2008 - 12:44 pm ICT by ANI
London, Oct 1 (ANI): British Prime Minister Gordon Brown has blamed America for the world banking crisis, and said it had a duty to fix it.Brown said the financial turmoil ... Read more...

Posted in National |

Paris Bourse slides as banking crisis reaches Europe


September 29th, 2008 - 6:24 pm ICT by IANS
Paris, Sep 29 (DPA) As evidence grew that the US finance crisis has reached Europe, French shares fell sharply in early trading Monday, with banking shares leading the decline.After one hour of ... Read more...

Posted in Business |

Hugh Hefner stripping back Playboy bunnies following credit crunch


September 25th, 2008 - 2:44 pm ICT by ANI
London, Sept 25 (ANI): Playboy mogul Hugh Hefner is reportedly sacking some of his bunnies because of the credit crunch.According to reports, the tycoons multi-million dollar company has been hit by ... Read more...

Posted in National |

Obama, McCain spar over $700 bn US bailout plan


September 22nd, 2008 - 10:35 am ICT by IANS
Washington, Sep 22 (IANS) As lawmakers and officials scrambled to finalise the Bush administration's $700 billion bailout plan to save the US financial system from collapse, the two presidential candidates sparred over ... Read more...

Posted in World |

US economy grew in first quarter of 2008


April 30th, 2008 - 9:44 pm ICT by admin
DPA Washington, April 30 (DPA) The US economy grew by 0.6 percent in the first quarter of 2008, according to an initial estimate from the US government Wednesday, tempering fears that the world's ... Read more...

Posted in Business |

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