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4 Nov 22
Spain’s proposed windfall tax on commercial banks could end up doing more harm than good to the nation’s economy, the European Central Bank has warned.
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1 Jun 17
Brussels has opened the door to Italy rescuing one of its largest banks with state aid after the two reached an agreement “in principle” today.
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26 May 17
Fitch Ratings has warned that a plan for Azerbaijan’s government to take on $2.3bn in debt from an ailing state-owned bank would increase public dues without alleviating uncertainty.
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19 Jan 17
The European Commission has called on Italy to reduce its 2017 deficit by around €3.4bn ($3.64bn) to avoid potential sanctions for breaking European Union spending rules.
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13 Jan 17
The Nigerian government looks set to “imminently” launch its new development bank, which will focus on providing finance for micro, small and medium-sized firms.
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21 Dec 16
The Italian government is preparing to request €20bn from the country’s parliament in order to rescue Monte dei Paschi, the oldest surviving bank in the world.
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19 Dec 16
Ukraine is to nationalise its largest lender, PrivatBank, in order to prevent a potential financial system meltdown triggered by the collapse of an institution deemed too big to fail.
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5 Dec 16
Italian prime minister Matteo Renzi has resigned after suffering a decisive defeat in a referendum to alter the country’s constitution, fiercely resisted by anti-establishment parties on the far...
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18 Nov 16
The European Central Bank has blocked a full audit of its system to supervise banks across the European Union, the bloc’s court of auditors has said.
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9 Nov 16
The International Monetary Fund has approved $178.7m for Moldova and extended credit facilities to support the country’s economic and financial reform programme.
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1 Aug 16
From today, Greece will ease stringent capital controls in the hope of luring back some of the cash pulled from Greek banks at the height of last year’s crisis.
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17 May 16
The deputy head of the International Monetary Fund has warned Iran on the economic consequences of domestic monopolies and conflicts of interest across companies and banks.
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16 May 16
The International Monetary Fund is considering new loans for Afghanistan as the country manages to implement reforms but the economy continues to stumble.
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13 Apr 16
The global economy is at risk of a fresh financial crisis the International Monetary Fund has warned in its Global Financial Stability Report, published today.
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16 Mar 16
The “shameless” practice of shifting profits to tax havens is rife among France’s ‘big five’ banks, a report published today by Oxfam and two French charities has found.
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26 Nov 15
The European Bank for Reconstruction and Development is to become a key stakeholder in Greece’s four main banks with a total investment of €250m.