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economy bank bailouts

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Deutsche Bank: Germany's financial colossus stumbles

The Guardian - ‎Feb 10, 2016‎
... financing its industry in the 19th century and helping the country's economy to rise again from the rubble of the second world war.
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The world can't afford another financial crash – it could destroy capitalism as we know it - ‎3 hours ago‎
We are too fragile, fiscally as well as psychologically. Our economies, cultures and polities are still paying a heavy price for the Great Recession; another collapse, especially were it to be accompanied by a fresh banking bailout by the taxpayer ...

Bad loans a 'challenge' as Cyprus exits bailout

CNBC - ‎8 hours ago‎
Cyprus is finally about to exit its three-year bailout program, in which savers and bond-holders had to "bail in" their banks , but with bad loans still a worry, the finance minister of Cyprus told CNBC he was not complacent. "We remain very focused ...
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Bank of Greece governor Stournaras urges completion of bailout review

Kathimerini - ‎Feb 10, 2016‎
Wrapping up the first review of the bailout program is key to restoring confidence in the Greek economy, Bank of Greece governor Yannis Stournaras said Wednesday. “The first review must be completed as soon as possible. This will strengthen confidence ...

RBS boss Ross McEwan: UK financial sector 'better off' in EU

BBC News - ‎57 minutes ago‎
The chief executive of Royal Bank of Scotland says he believes the UK financial sector would be better off inside the European Union.
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Dollar, stocks nudge higher as hurricane subsides

Reuters UK - ‎4 hours ago‎
The strength of the yen has created discomfort too, but this is short-term," he added, saying the Bank of Japan could intervene in FX markets and that data in coming weeks should ease global recession worries.
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Market turbulence raises worries of third crisis wave

Reuters UK - ‎1 hour ago‎
It all may turn out to be a short-lived fit of market jitters, and the financial world is a different place from the days of taxpayer-funded bank and state bailouts. Nevertheless, the size and pattern of the market moves is causing concern, and to ...

Is Germany dragging down the eurozone?

BBC News - ‎15 hours ago‎
New eurozone economic figures released today have shown continued, if rather sluggish growth, with significant variation between countries.
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Nigeria courts World Bank and ADB loans to escape bailout

Financial Times - ‎Feb 1, 2016‎
Mr Buhari hopes parliament will pass his proposed 2016 budget this month - the country's biggest ever - aimed at stimulating the economy through huge outlays for spending on long-overdue infrastructure projects. Kemi Adeosun, finance minister, ...
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Eurozone finance ministers hold firm on tougher bank rules

Financial Times - ‎19 hours ago‎
In addition to the market volatility, the ministers discussed the continuing review of how well Greece is implementing its €86bn bailout programme. Pierre Moscovici, the EU's economic and financial affairs commissioner, said he hoped the review could ...
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With Shares Plunging, Deutsche Bank Sets Out to Prove It Can Be Fixed

New York Times - ‎14 hours ago‎
Deutsche Bank is also not as fragile as the banks that crashed or required bailouts in 2008 - a message Mr. Cryan was eager to get out this week.
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Greek Economy Returns to Recession After Shrinking in Fourth Quarter

Bloomberg - ‎5 hours ago‎
Greece began one of the most traumatic periods in its modern economic history with the election a little more than a year ago of an anti-austerity government committed to tearing up the country's bailout agreements. ... badly than those initial ...
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Recession jitters knock global stock markets to fresh lows

The Guardian - ‎Feb 11, 2016‎
The warning from the US Federal Reserve chair, Janet Yellen, on Wednesday that the world's biggest economy could be hit by the current turmoil led to a late sell-off on Wall Street, which has followed through to Asia and Europe on Thursday.
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In Southern Europe, an Astute Negotiator Unpicks Austerity

ABC News - ‎1 hour ago‎
While Greek Prime Minister Alexis Tsipras struggles with the competing demands of bailout creditors and demonstrators on budget austerity cuts, and with Spain's top politicians unable to unblock a post-election stalemate, Costa is providing a lesson ...

Ireland's Bad Bank Poised to Sell Dublin's Gresham Hotel

Wall Street Journal - ‎48 minutes ago‎
Ireland's bad bank is preparing to sell a prominent Dublin hotel as the city's commercial real-estate market stages a recovery.
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MarketsItalian bank shares fall despite latest NPL reforms

Financial Times - ‎Feb 11, 2016‎
The Italian government made its latest attempt to restore confidence in Italy's banks amid concerns about the sector's ability to manage its estimated €330bn pile of gross non-performing loans as recent data suggests Italy's anaemic economic recovery ...
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Challenges face Christine Lagarde in second IMF term

Financial Times - ‎20 hours ago‎
As an example she cited the lack of access many emerging economies had to the swap lines between central banks like the US Federal Reserve, the European Central Bank and the Bank of Japan. That, she said, was a problem because many emerging ... The IMF ...

Greece juggles refugees and financial black holes

Deutsche Welle - ‎3 hours ago‎
Even as the Greek government negotiates over its bailout program, efforts by the EU to stem the flow of refugees look set to dramatically increase the financial cost for Greece.

Global stocks tumble as economic uncertainty intensifies - ‎Feb 11, 2016‎
Britain's FTSE 100 dropped 2.5 percent, Germany's DAX fell 3 percent, and Italian and Greek shares both lost 5 percent on their familiar banking sector and bailout worries. The pace wasn't expected to let up. Wall Street was expected to start almost 2 ...
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European shares gain as bank sell-off abates, oil rebounds

Tucson News Now - ‎6 hours ago‎
Deutsche Bank AG's shares rose 3.8 percent and Credit Suisse Group AG jumped 5 percent. News that Germany's economy expanded at a 0.3 percent pace last quarter, as earlier estimated, further underpinned buying. It was a sharp turnaround from trading ...