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economy bank bailouts

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The First Italian Bank Bailout Package Is Being Prepared

newsBTC - ‎13 hours ago‎
The Italian banking crisis has been on the radar of many people as of late. Any major issues stemming forth from this debacle could send the European economy back into recession. For now, the oldest bank in the country has received a 5bn EUR bailout ...
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Draghi backs public bailout of Italy's ailing banks

Financial Times - ‎Jul 21, 2016‎
Mario Draghi backed a public bailout of Italy's troubled banks “in exceptional circumstances”, even as he hailed the eurozone for its resilience in the aftermath of Britain's decision to quit the EU and left interest rates on hold.

IMF delegation arrives in Egypt for bailout talks

Business Insider - ‎16 hours ago‎
... to a request for a multibillion dollar bailout for the country's flagging economy. Cairo airport officials said the IMF mission chief for Egypt, Christopher Jarvis, led the team that would meet officials later in the day from the Finance Ministry ...
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The forgotten part of the Brexit debate: the Eurozone

The Independent - ‎17 hours ago‎
True, Britain was never part of the eurozone, which, with a few others, gave this country an invaluable flexibility and insulation from the various bailouts. The insolvency of Greece and Cyprus, despite the blanket coverage, also had ... Given that the ...

A new start needed for Italy's banks?

Deutsche Welle - ‎15 hours ago‎
Their CET1 core capital ratios were in the low-to-medium range compared to the average across all the banks sampled, but the stress tests show these banks are resilient to a possible economic downturn. To improve the situation of Italy's banks further ...

Uganda: Bail Out Author Says Economy in Trouble - ‎Jul 27, 2016‎
Kampala - An economic consultant behind the Shs1.3 trillion cash bailout blueprint has spoken out for the first time, warning that the entire Ugandan economy is distressed and requires urgent government intervention. "Anybody who is ... His warning ...
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Billions in bad debts in Italian banking sector lead to fears over fresh European economic crisis - ‎Jul 25, 2016‎
Investors and political leaders fear that nearly $530 billion worth of bad debts held by Italian banks could trigger a new financial crisis in the eurozone already struggling with a Greek bailout and the unknown implications of the second biggest ...
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Ireland Jails Three Top Bankers Over 2008 Banking Meltdown

Fortune - ‎17 hours ago‎
Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled the country's economy. The trio will be among the ...

Greek central bank head sees primary surplus at 1.3 percent of GDP: report

Reuters UK - ‎15 hours ago‎
Under its third international bailout signed last summer, Greece aims at a primary surplus - which excludes debt servicing costs - of 0.5 percent of GDP this year.

Uganda: Helping 'Tycoons' Will Save Economy - Bailout List Initiator - ‎Jul 29, 2016‎
Dr Mukungu said the poor performance of the economy prompted him and two colleagues Henry Wavamunno, based in the United States, and Moses Kiwanuka, based in the United Kingdom to work out a Shs 1.3 trillion bailout plan for at least 65 local companies ...

Revise banking laws for opportunity for all, bailouts for none

Lexington Herald Leader - ‎Jul 29, 2016‎
This reform would have the dual benefit of promoting responsible lending practices to prevent future crises and bailouts, while encouraging economic growth through expanded home ownership. The Financial CHOICE Act also replaces bailouts with a new ...
Preventing the next panic
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Helicopter Money: Why Some Economists Are Talking About Dropping Money From the Sky

New York Times - ‎Jul 29, 2016‎
It is also a policy that has echoes of some of the great catastrophes of economic history. And regardless of what, if anything, the Japanese central bank does this fall, if the global economy's deflationary doldrums continue, expect the discussion ...
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Goldman Bond Deals With 1MDB Under Singapore Central Bank Review

Bloomberg - ‎17 hours ago‎
Singapore's central bank said a “supervisory examination” of a Goldman Sachs Group Inc. unit's involvement in bond deals by 1Malaysia Development Bhd.
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Question marks hang over Europe's biggest lenders as bank stress tests reveal 'there's still plenty of work to be done'

This is Money - ‎21 hours ago‎
The European Banking Authority has warned there is still plenty work to do for the region's top 51 banks after stress tests showed a number of lenders could have trouble in the face of a large scale economic shock . Tests revealed that Italy's Monte ...

Italian Bank Failures Could Disintegrate the EU

The Real News Network - ‎4 hours ago‎
Another banking crisis looms on Europe's horizon, but this time it will unfold from Italy, Europe's fourth-largest economy, where loan defaults threaten to endanger not only Italy's economy but all of Europe. There are ... So there's a standoff. The ...
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Italy's banks won't destroy the Eurozone – in the short term

City A.M. - ‎Jul 20, 2016‎
It would probably lead to the most violent economic shock in history, dwarfing the Lehman Brothers bankruptcy in 2008 and the 1929 Wall Street crash.

God bless you, sir, 'tis well ye're looking

Irish Independent - ‎7 hours ago‎
Some years ago, when the European Central Bank was overcharging us interest on the "bailout", the Spaniards demanded a cut in their interest rate.
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IMF 'overly optimistic' about success of EU bailouts

BBC News - ‎Jul 28, 2016‎
The International Monetary Fund was "overly optimistic" about economic growth in Eurozone countries that received bailouts. That is one of the criticisms in a report ... The IEO report says that in the case of Greece and Portugal, the IMF's economic ...

Transforming the mortgage system and challenging the Zombie Economy

Open Democracy - ‎Jul 29, 2016‎
Many of the large financial institutions required a bail out as they were overly exposed to risky investments in the real estate sector through excessive lending on mortgages.