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By Marlene Y. Satter, AdvisorOne |
January 5, 2012
Hungary’s financial situation has been steadily worsening, and after its Thursday bond auction failed to raise as much money as it had hoped, it now says it wants a fast deal with the European Union and the International Monetary Fund.
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By Gil Weinreich, AdvisorOne |
November 2, 2011
The report's authors cite Dutch banking giant ING Groep’s pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.
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By Marlene Y. Satter, AdvisorOne |
October 7, 2011
Moody's on Friday downgraded a dozen U.K. banks, including Lloyds TSB Bank, a unit of Lloyds Banking Group, and Royal Bank of Scotland, saying that there was increasing likelihood that smaller banks would be allowed to fail if troubles worsened.
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By Gil Weinreich, AdvisorOne |
August 4, 2011
Fears in Europe that contagion won't spare Italy and Spain were unassuaged by Europe's central bank on Thursday, sending stocks and bonds plunging. Meanwhile, investors' flight to safety had a perverse effect in the U.S., where the Bank of New York announced it would charge depositors to hold their money.