UK Prime Minister, David Cameron has said that “red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.
Category: International
‘Womenomics’ Is Starting To Transform The Muslim World’
THE first convert to Islam was a businesswoman. She was a wealthy trader who inherited her father’s business and later expanded it into an even more impressive enterprise.
Up For Sale: The World’s Oldest Bank
Monte dei Paschi di Siena, which was founded in 1472, is offering itself up to potential buyers after coming out worst in the European stress tests Monte dei Paschi di Siena, Italy’s third largest bank, is reported to have hired advisers to find a buyer for the bank, after the European Central Bank’s recent asset […]
Italy Under Pressure As Nine Banks Fail Stress Tests
ITALY’S central bank was thrown on the defensive on Sunday as its banking sector emerged as the standout loser in health checks aimed at restoring confidence in the euro area’s financial sector.
Banks Ordered To Raise Billions In Crisis Funds
Bank of England demands fresh increase in reserves as 25 European lenders are poised to fail financial stress tests THE Bank of England will this week unveil tough new rules aimed at preventing future financial crises.
Eurozone’s Stress Tests Now Nightmare For Banks
Reports say that at least 11 of the 130 banks being tested by the European Central Bank (ECB) will not stand up to the health checks THE eurozone’s unprecedented tests of its biggest banks’ financial health will fail at least 11 institutions – almost a tenth of the 130 banks being tested by the ECB.
Jordanian Wins UNCTAD Women In Business Award
THE founder of SheFighter, a company that trains women in Jordan in self-defence techniques, Lina Jalil Khalifeh, has won the first place in UNCTAD’s Empretec Women in Business Awards.
BoE Sets Out Overhaul Of Deposit Guarantee Protection
DEPOSITORS temporarily sitting on large balances following house sales and personal injury payouts are to have extra cover if their bank fails.
Senior Banker Pleads Guilty To Libor Fixing
A senior banker from a leading British bank has become the first person in the UK to plead guilty to conspiracy to defraud in connection with manipulating Libor.
US Largest Bank Compromises Data On 76m Customers
HACKERS, thought to be based in Southern Europe, accessed around a dozen JP Morgan servers and gained access to the names, addresses, telephone numbers and email addresses of swathes of its customers, the bank said.