News Source: Androscoggin News
| about 1 year ago
Sweden will also put to one side kr15bn in a financial stabilisation fund which can be used to deal with a solvency crisis at a financial firm if one arises. "The government is proposing powerful measures to ease the effects on Swedish households and...
News Source: Asian Wall Street Journal
| about 1 year ago
The movement to curb executive pay in the wake of the financial crisis continued to gain momentum Monday, as Germany and Sweden joined the list of nations putting limits on financiers' compensation as part of efforts to rescue their banking systems.
News Source: Money Morning
| about 1 year ago
Swedish banks control two-thirds of total lending in the three former Soviet states , according to the Financial Times ...Latvia’s economy grew by just 0.1% year-over-year in the second quarter and actually contracted when compared to the previous...
News Source: United Press International
| about 1 year ago
Sweden joined the list of European countries moving to shore up financial systems, saying it would start with a $205 billion liquidity boost. The government said it would also initiate a plan to purchase bank equity, committing $2 billion to that...
News Source: International Business Times
| about 1 year ago
he global financial crisis will raise world unemployment to 210 million people by the end of next year, its highest rate in the past decade, the U.N. labor agency said Monday. Germany (AP)--Germany's Cabinet set conditions for banks that accept help...
News Source: The Mercury News
| about 1 year ago
The German Cabinet on Monday approved terms that banks will have to accept in order to benefit from its 480 billion euros ($645 billion) bailout plan — including a salary cap of 500,000 euros ($670,200) for top bank managers. Those managers would...