banking system

Credit Suisse Cuts Top Executives’ Variable Compensations by 40%

Credit Suisse CEO Tidjane Thiam and the bank's board of directors have offered to cut their own bonuses by 40%…

8 years ago

IMF admits making mistakes in handling Greece bailout

The International Monetary Fund has admitted that it made mistakes in handling Greece's first international bailout. The IMF said it…

11 years ago

Cyprus initial bailout plan was not smart, says ECB President Mario Draghi

ECB President Mario Draghi has said the initial plan to make small savers pay for the Cyprus bailout was "not…

12 years ago

Cyprus agrees on challenging rescue plan to release bailout

Cyprus has officially agreed to a set of measures that will release a 10 billion-euro ($12.8 billion) IMF-EU bailout. The…

12 years ago

Angela Merkel warns Cyprus not to exhaust eurozone patience

Germany and EU leading bankers have urged the Cypriot parliament to quickly find a way of raising the 5.8 billion…

12 years ago

EU officials agree on capping bankers bonuses

European Union officials have struck a provisional deal on new financial rules, including capping bank bonuses. Under the agreement, bank…

12 years ago

The Explanation for Unpayable Debts

That's what we use: money based on debt. If we don't have debt, we don't have money. When the debt…

12 years ago

UBS lost $356 million by investing in Facebook shares

Swiss bank UBS lost 349 million Swiss francs ($356 million) by investing in Facebook shares, more than halving its profits.…

12 years ago

China’s Central Bank cuts benchmark interest rates

China’s central bank has cut its benchmark interest rates for the second time in two months, in a bid to…

12 years ago

Spain’s borrowing costs at new euro-era record after Moody’s cut

Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate. The yield on benchmark…

12 years ago

How would Greece switch to a new currency

Political change within days in Greece may mean the country has to ultimately leave the euro. If that was to…

12 years ago

Spain decides to request a loan of up to 100 BN Euros from eurozone to help its banks

Spain's decision to request a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore…

12 years ago

Spain rejects bailout speculation

Spain's economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its…

12 years ago