troubled banks

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...

Posted in Business |

Venezuela to nationalise two troubled banks


December 4th, 2009 - 2:36 pm ICT by IANS
Caracas, Dec 4 (EFE) Venezuelan President Hugo Chavez has announced plans to nationalise two small banks recently shuttered for "irregularities", saying their doors will definitely reopen "before Dec 24". Chavez Thursday said his ... Read more...

Posted in Business |

White House rejects rumours of bank nationalisation


February 21st, 2009 - 5:42 am ICT by IANS
Washington, Feb 21 (Xinhua) The Obama administration said Friday it was not trying to take over Citigroup Inc. and Bank of America Corp., the two ailing financial institutions. "This administration continues to strongly ... Read more...

Posted in Uncategorized |

International Finance Corp to spend $6 bn in emerging markets


January 6th, 2009 - 8:01 pm ICT by IANS
New Delhi, Jan 6 (IANS) International Finance Corp (IFC), a World Bank member organisation, Tuesday anounced it will spend $6 billion to support the private sector in emerging markets hit by the ... Read more...

Posted in Uncategorized |

Global markets dive, Europe wrestles over common tactic (Lead)


October 7th, 2008 - 12:14 pm ICT by IANS
New York, Oct 7 (DPA) A frantic global sell-off sent stock indices haemorrhaging to multiple-year lows and shut down markets in Russia and Brazil as the financial crisis swept from the ... Read more...

Posted in Uncategorized |

Crude oil price slides below $90 a barrel


October 7th, 2008 - 4:08 am ICT by IANS
New York, Oct 7 (Xinhua) The crude oil price Monday tumbled below $90 a barrel for the first time in eight months as worries over falling demand exacerbated by the spread of ... Read more...

Posted in Uncategorized |

US regulators seize Washington Mutual and sell some of its assets


September 26th, 2008 - 3:08 pm ICT by ANI
New York, Sept.26 (ANI): US federal regulators have seized assets of Washington Mutual, the giant lender, and sold some of it in a bid to arrest the meltdown on Wall Street. Regulators ... Read more...

Posted in World |

Pandit under pressure to show results at Citigroup


May 6th, 2008 - 8:07 pm ICT by admin
New York, May 6 (IANS) Barely four months at the helm of Citigroup and India-born Vikram Pandit already faces mounting pressure to show that he can turn around one of the world's ... Read more...

Posted in World |

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