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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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The Spanish government and the Bank of Spain on Sunday began the countryâ??s first bank rescue in this financial crisis, providing up to â?¬9bn in liquidity to Caja Castilla La Mancha, a troubled savings and loans institution, and replacing its directors with central bank nominees.
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The Treasury proposed new measures and rules aimed at preventing future financial crisis. The plan covers four broad areas: systemic risk; consumer and investor protection; closing regulatory gaps; and international coordination.
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US retail investors poured close to $250bn into bank accounts in the first months of this year, sharply accelerating a flight to safety as they continued to flee volatile stock markets.
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Porsche SE turned to new lenders to refinance â?¬10bn of loans to buy Volkswagen AG stock, a sign the economic slump is curbing banksâ?? ability to extend credit.
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