Category Archives: Banks

Banking Press Releases & News distributed via EuropaWire

Swiss National Bank opens branch in Singapore

Posted on 20, December 2012 by

Zurich, 20-12-2012 — /europawire.eu/ — Against the background of the sharp expansion in foreign exchange reserves and the growing importance of Asian financial markets, the Swiss National Bank (SNB) has decided to open a branch in Singapore, to ensure a more efficient … Read the full press release →

Posted in Banks, Business, Financial, Investment, Switzerland

EIB supports upgrade of Warsaw Metro with EUR 139 million

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The European Investment Bank (EIB) is lending PLN 555 million (some EUR 139 million) to finance the purchase of new rolling stock for Warsaw’s metro. The EIB loan will support the purchase of 35 metro trains and foster … Read the full press release →

Posted in Automotive, Banks, Business, European Union, Financial, Investment, Poland, Transportation & Logistics

Deloitte comments on release of FATCA guidance notes

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — HMRC has issued draft guidance notes on the UK FATCA Intergovernmental Agreement together with its response to the FATCA Consultation Document. Chris Tragheim, tax partner at Deloitte, said: “Financial services companies have been awaiting this draft guidance so that they can … Read the full press release →

Posted in Banks, Business, Financial, Government, Law

EIB approves EUR 500 million for trade finance in Greece

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The EIB Board approved a new financing instrument for the first time for Greece. This instrument will allow the Bank to provide trade finance support to Greece for an amount of up to EUR 500 million. President Hoyer … Read the full press release →

Posted in Banks, Business, European Union, Financial, Greece, Investment

State aid: Commission opens in-depth investigation into payment of dividends by Caixa Geral de Depósitos

Posted on 20, December 2012 by

Brussels, 20-12-2012 — /europawire.eu/ — The European Commission has opened an in-depth investigation to examine whether a payment of dividends in September 2012 by Caixa Geral Finance Limited, an affiliate of Caixa Geral de Depósitos (CGD), is in line with EU State … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law, Politics, Portugal

Switzerland’s international investment position in 2011

Posted on 20, December 2012 by

International investment position increases – Growth in foreign assets greater than that in foreign liabilities Zurich,  20-12-2012 — /europawire.eu/ — In 2011, the international investment position was shaped by the financial account and falling share prices. In contrast to the previous … Read the full press release →

Posted in Banks, Business, Financial, Investment, Switzerland

Central banks extend swap arrangements until February 2014

Posted on 19, December 2012 by

Zurich, 19-12-2012 — /europawire.eu/ — The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank today are announcing an extension of the existing temporary U.S. dollar liquidity swap arrangements through February 1, … Read the full press release →

Posted in Banks, Business, European Union, Financial, Investment, Switzerland

Deloitte comments on HM Revenue and Customs (HMRC) writing to Swiss investors

Posted on 19, December 2012 by

19-12-2012 — /europawire.eu/ — Tom Rowbotham, Deloitte tax partner said: “The ground-breaking agreement between the UK and the Swiss Confederation, which is about to come into force, has a clear timetable which Swiss banks need to comply with. Banks in Switzerland are notifying … Read the full press release →

Posted in Banks, Business, Financial, Government, Law, Switzerland, United Kingdom

Commission publishes report on current account surpluses in the EU

Posted on 19, December 2012 by

Βrussels, 19-12-2012 — /europawire.eu/ — 1. The context Macroeconomic imbalances in the euro area and in the EU expanded significantly in the run-up to the financial crisis. The imbalances manifested themselves in significant and persistent divergence in the current accounts of … Read the full press release →

Posted in Banks, Belgium, Business, Economy, European Union, Financial, Government, Investment

Ensuring sound public finances: Fiscal Sustainability Report 2012

Posted on 19, December 2012 by

Brussels, 19-12-2012 — /europawire.eu/ — What is the Fiscal Sustainability Report? The Fiscal Sustainability Report 2012 is a study produced by the services of the European Commission. The report analyses the sustainability of public finances in the Member States, looking in particular at … Read the full press release →

Posted in Banks, Belgium, Economy, European Union, Financial, Government, Politics

The European banking union, a precondition to financial stability and a historical step forward for European integration

Posted on 19, December 2012 by

Michel BARNIER – Member of the European Commission, responsible for Internal Market and Services Transatlantic Corporate Governance Dialogue Brussels, 19-12-2012 — /europawire.eu/ — Ladies and Gentlemen, First of all, I would like to thank the European Corporate Governance Institute, and Chairman Jörgen HOLMQUIST, … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Politics

Swiss National Bank maintains minimum exchange rate

Posted on 18, December 2012 by

Monetary policy assessment of 13 December 2012 Berne, 18-12-2012 — /europawire.eu/ — The Swiss National Bank (SNB) is leaving the minimum exchange rate of CHF 1.20 per euro unchanged. The Swiss franc is still high. An appreciation of the Swiss franc would … Read the full press release →

Posted in Banks, Financial, Investment, Switzerland

Amsterdam University Hospital to be upgraded with EUR 100m EIB support

Posted on 18, December 2012 by

18-12-2012 — /europawire.eu/ — Plans to modernise healthcare facilities and upgrade a dedicated secure power supply at Amsterdam’s main teaching hospital will be supported by a EUR 100m loan from Europe’s long-term lending institution. Refurbishment of the main building of the … Read the full press release →

Posted in Banks, European Union, Financial, Healthcare, Investment, Netherlands

The EIB confirms its role as leading investor in Morocco with new commitment of €420 million for transport and energy infrastructure

Posted on 18, December 2012 by

18-12-2012 — /europawire.eu/ — The EIB confirms its role as the leading investor in Morocco with this new commitment of €420 million for transport and energy infrastructure. This loan follows on from the 2011 decision by the EIB’s Board of Directors … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, Investment, Transportation & Logistics

Banca MPS: S&P’s lowers ratings

Posted on 17, December 2012 by

17-12-2012 — /europawire.eu/ — Banca Monte dei Paschi di Siena informs that the International ratings agency Standard&Poor’s has lowered BMPS’ ratings. Specifically, the agency revised down its assessment of MPS’ Stand Alone Credit Profile (SACP) to ‘b+’ from ‘bb+’ and its … Read the full press release →

Posted in Banks, Business, Financial, Investment, Italy

Disclosure pursuant to art. 114, paragraph 5, of Legislative Decree no. 98/1998 – “Banca Monte dei Paschi di Siena S.p.A.” 2011/2017 “TassoMisto Cap&Floor BancoPosta, Series 4” bonds

Posted on 17, December 2012 by

17-12-2012 — /europawire.eu/ — Banca Monte dei Paschi di Siena S.p.A. (hereinafter “BMps”) as issuer pursuant to and by effect of Consob communication no. DEM/DME/9053316 of 8 June 2009, in compliance with art. 114, paragraph 5, Legislative Decree no. 58/1998, under … Read the full press release →

Posted in Banks, Business, Financial, Investment, Italy

Saxo Direct API solution with strong 2012 volume and client growth

Posted on 17, December 2012 by

17-12-2012 — /europawire.eu/ — Saxo Bank, the online mulit-asset trading and investment specialist, today announced an increase in monthly average FX volumes of nearly 600% compared to December 2011 on Saxo Direct, its cross-asset API (Application Programming Interface) solution for institutional … Read the full press release →

Posted in Banks, Business, Denmark, Financial, Internet & Online, Investment, Technology

Fibank (Първа инвестиционна банка) е най-силната марка в България

Posted on 17, December 2012 by

17-12-2012 — /europawire.eu/ — Fibank (Първа инвестиционна банка) получи признание за най-силната марка в България сред финансовите институции. Официалните резултати бяха обявени на стилна церемония вчера от глобалната организация Superbrands, провела независимо проучване сред потребителите на българския пазар. Методиката на подбор … Read the full press release →

Posted in Awards, Banks, Bulgaria

State aid: Commission temporarily approves rescue aid for Italian bank Monte dei Paschi

Posted on 17, December 2012 by

Brussels, 17-12-2012 — /europawire.eu/ — The European Commission has temporarily approved, under EU State aid rules, a €3.9 billion recapitalisation of Italy’s third largest bank Monte dei Paschi di Siena S.p.A (“MPS”) for reasons of financial stability. The measure will enable the … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Italy, Law, Society

Single supervisory mechanism is first step to mutualising risk, says Draghi

Posted on 17, December 2012 by

17-12-2012 — /europawire.eu/ — A single supervisory mechanism for banking will restore trust, which is a prerequisite for EU member states to mutualise risk, European Central Bank President Mario Draghi told Economic and Monetary Affairs Committee MEPs on Monday. MEPs generally … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Politics