S&P Junks Nationalized Bankia, Downgrades Various Other Banks
If according to S&P recently nationalized Bankia is junk, what does that imply about Spain? S&P takes various rating actions on Spanish banks Standard & Poor's Ratings Services today said it has lowered its ratings on five Spain-based financial institutions, affirmed the ratings on nine, and maintained the ratings on five on CreditWatch with negative implications (see Ratings List). We ...
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ECB questions holes in Greek bank recap plans
FRANKFURT (Reuters) - The European Central Bank has given its backing to Greece's plans to recapitalise its banks but raised a number of key questions about how the fund set up to do the job will work. Athens has set the Hellenic Financial Stability Fund (HFSF) as a capital backstop to bolster its viable banks. Funded by the euro zone and the IMF, it will inject up to 50 billion euros into banks ...
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S&P SLASHES RATINGS OF 5 SPANISH BANKS
S&P's ratings agency just cut the long-term issuer ratings of five Spanish banks and left nine unchanged.
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SIDBI (Amendment) Bill 2012 introduced in LS
Small-sized enterprises engaged in floriculture, development of tourism-related activities, rendering financial assistance by way of venture capital, development of roads, construction and entertainment (including film) industry have cause for cheer.
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Qatari Bank Standardizes on March Networks to Combat Fraud and Enhance Security
OTTAWA, May 1, 2012 /PRNewswire/ - March Networks ® , a global provider of intelligent IP video solutions, today announced that one of Qatar's largest financial institutions has standardized on the company's ...
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