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Credit unions ‘may need €500m’ injection of capital
The Ireland Government may have to recapitalise certain loss-making credit unions to the combined tune of €500m. Amid growing signs of a deterioration in relations between the credit unions and…
Terra Firma Capital Corporation Completes Private Placement
Terra Firma Capital Corporation is pleased to announce that it has completed, on a non-brokered basis, a private placement of convertible unsecured subordinated debentures (the “Debentures”) in the aggregate principal…
The international day of the credit unions – 2009
WOCCU has proclaimed a theme of the International day of the credit unions for 2009. The international day of the credit unions is celebrated annually on the third Thursday of…
Court sentenced founder of a financial pyramid to 150 years
The court of New York has sentenced the founder of the world’s largest of «a financial pyramid» Bernarda Medoffa to 150 years of imprisonment, transfers Reuters. It is the maximum…
American banks are released from the state control
The American banks have paid $68,27 billion debts to be released from the state control and to return to former activity. The American banks are torn to freedom. «Lean freedom…
European bank of reconstruction and development decision on allocation of 20 million euro
The board of directors of the European bank of reconstruction and development has made on June, 16th the decision on allocation of 20 million euro to the Kharkov Megabank. As…
Europe: IMF forecasts have upset not only bank sector
On Thursday, on June, 25th, the share markets of the European region against the statement of experts of the International currency fund that losses of banks of Ireland by 2010…
«Rosneft» has completely extinguished the credit
«Rosneft» has completely extinguished the credit for the sum of $1,85 млрд, received from syndicate of the international banks. «Rosneft» has completely extinguished the credit for the sum of $1,85…
Leading banks considerably raise salaries
Leading banks – Merrill Lynch, UBS, Citigroup considerably raise salaries of top-managers of the investment divisions to stop outflow of employees. To entice the best managers from problem banks there…
Expensive oil will not rescue neither the Russian gross national product
Expensive oil will not rescue neither the Russian gross national product, nor the budget. Analysts, having raised estimations of falling of the basic economic indicator to 7-8 %, have decided…