Eurozone finance ministers agree to lend up to €100bn to clean up Spain's banking sector burdened by bad debts and property bubble burst. full story ![]()
It is less than two weeks since Cyprus agreed a bailout with the IMF, EU and European Central Bank and...
thetimes.co.uk (1 month and 11 days ago)

Cyprus has agreed to a contentious one-off levy on large bank deposits, in a dramatic about-face as the country races to seal a last-minute bailout deal to avert financial collapse.
abc.net.au (2 months and 2 days ago)
European Central Bank warns it will pull the plug on the country's banks at the start of next week if no bailout deal is agreed
cbsnews.com (2 months and 4 days ago)

Indian Overseas Bank chairman M Narendra says, in an interview on CNBC-TV18, that the bank will lend more to the TNEB after the process of restructuring.
moneycontrol.com (2 months and 3 days ago)
A branch of the Bank of Cyprus was bombed as a bailout deal was agreed. Many fear the country's financial industry has been similarly damaged.
palmbeachpost.com (2 months ago)
Stephen Hester, chief executive of Royal Bank of Scotland, has said there are no takers for £20bn of funds the bank would like to lend out.
telegraph.co.uk (18 days ago)
EU finance ministers agreed to allow Portugal and Ireland to repay their bailout loans later than initially agreed, in a bid to help the two governments wean themselves off bailout money in the coming year.
wsj.com (1 month and 10 days ago)
A complaint accuses the bank and other authorities of failing to adequately oversee Bankia, from its formation to its listing in July 2011 and nationalization in May last year.
nytimes.com (14 days ago)
On February 22 2013, we released an article focusing on the little known fact that depositors’ savings were at risk in Europe. At that time we wrote: It’s a little known fact about the Spanish crisis is that when the Spanish Government merges troubled banks, it typically swaps out depositors’ savings for shares in the new bank. So… when the newly formed bank goes bust,...
zerohedge.com (2 months and 7 days ago)
Sharp drops in shares in Europe. Markets have been rattled by a radical bailout plan for Cyprus. Euro zone leaders agreed to tax bank deposits there to help fund a bailout.
palmbeachpost.com (2 months and 7 days ago)
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