The Mouth That Ate the Billions

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Italy backs £42bn austerity bill as minister admits that 'like Titanic' not even rich will be spare
The package was being rushed through to stop growing fears that Italy - the third largest Eurozone economy - was sliding into the same financial abyss as Greece.
Temasek Sells $3.63 Billion of China Banking Shares
Temasek Holdings Pte, Singapore’s state-owned investment company, raised HK$28.2 billion ($3.63 billion) selling stakes in China Construction Bank Corp. and Bank of China Ltd., two of the mainland’s...
Temasek raises $3.6 billion from sale of China banks' stakes
HONG KONG/SINGAPORE (Reuters) - Singapore's Temasek sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, in a move likely aimed at reducing the sovereign investor's big exposure...
Six SRIs, Public Finance To Create RM13 Billion Fiscal Space
KUALA LUMPUR, July 5 (Bernama) -- Six strategic reforms initiatives (SRIs) announced today, which includes the Public Finance SRI, aims to create RM13 billion in fiscal space and complete the framework...
Greece warned as €12 billion approved
Euro zone finance ministers approved a €12 billion instalment of Greece's bail-out at the weekend.
PNC Said to Pay $3.45 Billion for RBC U.S. Retail Banking Unit
PNC Financial Services Group Inc. has agreed to pay $3.45 billion in cash and stock for Royal Bank of Canada’s U.S. retail banking unit, according to people with knowledge of the matter.
Lloyds Targets 15,000 Job Cuts, 1.5 Billion Pound Savings
Lloyds Banking Group Plc, Britain’s biggest mortgage lender, will cut 15,000 jobs and make savings of 1.5 billion pounds ($2.4 billion) by 2014, raising the efficiency savings following its purchase...