Germany wants private creditors to share burden of new Greek bailout
After first formal admission that Greece needs more bailout funds, German finance minister says bondholders should give the Greeks more time to repay Germany has warned that Greek private creditors will need to roll over the nation's debt if Berlin is to agree a new bailout running to tens of billions of euros in the next fortnight. The ultimatum from Wolfgang Schäuble, the German finance ...
Source: Guardian Unlimited
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UOB to boost private banking arm
Singapore lender United Overseas Bank (UOBH.SI) said it plans to grow its private banking arm to tap the growing number of wealthy individuals in Singapore and the region. UOB, the city-state's third...
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EFSF established as Malta reduces its exposure to Greek bailout
Malta yesterday drastically reduced its exposure to the Greek bailout by approving the setting up of the European Financial Stability Facility ( EFSF ) mechanism, which replaces the emergency bilateral...
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Greece seeking new bailout deal
Greece's finance minister says the country wants the EU to conclude a second rescue loan deal by August.
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Finland demands guarantees, bank participation in new bailouts
Jul (Reuters) - HELSINKI, July 5 (Reuters) - Finland's new finance minister said on Tuesday the Nordic country will demand guarantees against participation in any new euro area bailouts and wants private...
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10. Record-breaking US$14bil bailout in Russia
MOSCOW: Bank of Moscow received the largest bailout in Russian banking history on Friday after a hostile takeover bid by VTB revealed a gaping hole in the books of Russia's fifth largest bank.
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Greece to receive €12bn bailout
Eurozone finance ministers have approved EUR 12 billion for Greece after the debt-ridden country passed further austerity measures despite public protests.
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Euro-zone officials OK next bailout for Greece
BRUSSELS -- European finance ministers staved off an imminent Greek default Saturday, agreeing to release a vital installment of financial aid to Athens, while delaying a deal on a second large rescue...
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Frank: New bank bailout grants will be protected
WASHINGTON – Rep. Barney Frank asserted Thursday that the Obama administration can be more trusted than the Bush administration to ensure that banks do not misuse money they get from a $700 billion...