Crisis in Cyprus News
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Updated 42 minutes ago
Denmark’s banks are preparing a campaign that will target the country’s lawmakers in an effort to prevent the nation exceeding European regulatory standards.
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An independent Scotland would have a banking system too big to save in a crisis and may lack the resources to compensate depositors, the Treasury said in a study into the economic implications of a U.K. breakup.
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Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
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Swedish Finance Minister Anders Borg said he won’t cave to pressure from banks or the European Union to harmonize standards and insists capital ratios in the largest Nordic economy need to be higher than those elsewhere.
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An independent Scotland would have a banking system too big to save in the event of a crisis and may lack enough resources to compensate depositors, the U.K. Treasury said, in a study into the economic implications of the nation breaking away from the rest of the country.
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Slovenia’s sovereign-credit grade was cut by Fitch Ratings, which cited a worsening economic outlook and a widening budget deficit as the euro-area nation battles to rescue its banking industry and avoid a bailout.
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Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
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Cyprus may need additional financing if its economy contracts more than expected or there are slippages in implementing the terms of its bailout program with the euro area and International Monetary Fund, IMF staff said.
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Golden parachute pay packages to departing company executives may face greater scrutiny from shareholders as part of European Union proposals to stem excessive awards.
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Time may be running out for Alenka Bratusek, the Slovenian prime minister who is resisting a bailout as global bond markets put her on the front lines of Europe’s debt crisis.
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