The exasperated chief executive of Société Générale, stood in front of investors in New York on Tuesday this week for some "straight talk".
This week German Chancellor Angela Merkel quashed hopes of finding a lasting solution for Greece at the crucial summit of European leaders.
As the cost of default insurance soars, the IMF
has warned dithering eurozone policymakers to move quickly to contain the danger of contagion.
Legislators call for a €200-billion-a-year financial transactions tax to be levied on banks to discourage speculative trading.
Ireland bailout has failed to restore confidence in the euro. <b>Jill Treanor</b> looks at what might be done to restore confidence in the currency.
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/ 29 November 2010
Doubts were raised about whether the Europe-wide "stress tests" of more than 90 banks published in July had been thorough enough.
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/ 25 February 2008
Major institutional investors plan to urge the sovereign wealth funds that have propped up the world’s banking system to be transparent in their activities and conscientious shareholders. The international investment community is planning to meet some of the leading sovereign wealth funds next month to discuss their investment strategies.
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/ 23 February 2007
Barclays reported record profits of £7,1-billion this recently and ran headlong into a row about bank charges and consumer fears that "free banking" is about to end.The consumer watchdog Which? claimed banks made a total of £4,7-billion in profits last year from fees and interest rates on unauthorised overdrafts.
Julian Treger, the activist investor known for causing a number of boardroom bust-ups in London, has emerged as a key player in an investment vehicle seeking to finance black economic empowerment in his native South Africa. Treger wants to use a shell company listed on Aim, London’s junior market, to invest in companies in South Africa that, under local rules, are required to boost their black ownership.
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/ 11 November 2005
Britain’s Financial Services Authority is asking insurance companies about their ability to withstand a deluge of claims on life insurance policies if the country were hit by a bird flu pandemic. The regulator has also asked financial firms to prepare plans to continue operating in the event of their staff being struck by the flu.