Anglo Irish Bank reports €8.2bn first-half losses The Guardian | Bank posts €8.2bn loss for first six months of 2010 and reveals it will need further government bailout Anglo Irish Bank has €8.2bn losses for the first half of 2010 and faces an uncertain future. Photograph: Julien Behal/PA | Ireland's beleaguered banking sector has suffered a further blow af...
French bank fined £1.6 million for reporting failures The Independent | The City regulator today slapped a £1.6 million fine on the London branch of investment bank Societe Generale after systematic financial reporting failures over more than two years. | The Financial Services Authority (FSA) said the size of the penalty reflects the "seriousness" of SocGen's breach....
Swedish bank Carnegie buys troubled competitor The Boston Globe | STOCKHOLM-Swedish investment bank Carnegie says it is buying competitor HQ Bank, which had its banking license revoked by the financial watchdog last week. | Carnegie says it has signed an agreement to buy HQ for 268 million kronor ($37 million). |...
German Central Bank Seeks Sarrazin's Ouster Wall Street Journal By MARCUS WALKER | BERLIN—Germany's central bank is seeking to oust Thilo Sarrazin, its controversial board member whose comments about the dangers of Muslim immigration have drawn accusations of racism and sparked a national debate about Germa...
Germany Must Consider How It Makes Bank Appointments Wall Street Journal By TERENCE ROTH | The decision by Germany's central bank to request that one of its governors be sacked after broadcasting racially-charged views sets the stage for a messy legal struggle on contract law, free speech and a subject many in Berlin hear...
AP / Peter Morrison
Bank of Ireland prepares bond issue of up to Euro1bn Irish Times | FIONA REDDAN | BANK OF Ireland is understood to be readying a Euro500 million-Euro1 billion bond issue on the back of Tuesday's successful Government bond auction. | Buoyed by th...
New Bank Capital Rules Could Stifle Growth, Studies Assert The New York Times | FRANKFURT — New international regulations on how much capital banks must hold will initially make borrowing more expensive and dampen economic growth, according to two stud...
Bank 'surprised' at inflation strength The Independent | Bank of England Governor Mervyn King today said rate-setters had been "surprised" at the recent strength of inflation and warned it would be difficult to judge how far and fast i...
Germany's central bank decides to sack board member The Guardian | Bundesbank to ask German president to dismiss Thilo Sarrazin over comments on country's Muslim population Bundesbank board member Thilo Sarrazin. Photograph: Fabrizio Bensch/Reuters | Germany's central bank has taken the unprecedented decision to s...
German central bank eyes removing race-row board member (2nd Lead) m&c | Frankfurt - The German central bank initiated proceedings on Thursday to dismiss board member Thilo Sarrazin, over controversial comments he made on race and immigration in and relating to his new book. | The other board members agreed unanimously ...
German central bank to seek Sarrazin's dismissal (Urgent) m&c | Frankfurt - The German central bank, or Bundesbank, initiated proceedings on Thursday to dismiss board member Thilo Sarrazin, over controversial comments he made on race and immigration relating to his new book. | ...
Anglo Irish Bank reports €8.2bn first-half losses The Guardian | Bank posts €8.2bn loss for first six months of 2010 and reveals it will need further government bailout Anglo Irish Bank has €8.2bn losses for the first half of 2010 and faces an uncertain future. Photograph: Julien Behal/PA | Ireland's beleaguered banking sector has suffered a further blow after the nationalised Anglo Irish Bank revealed it ...
Mozambique riots spotlight world food price spike The Guardian | DONNA BRYSON | Associated Press Writer= JOHANNESBURG (AP) — A few pennies' increase in the price of a loaf of bread can mean the difference between getting by and going hungry — and erupting in anger — in the world's poorest countries. | A spike in food prices has triggered deadly riots in Mozambique this week, and experts worry other count...
