When Polish central bank Governor Marek Belka spoke at a conference in London two years ago, he was at the top of his game, even chastising more developed countries for causing the financial crisis.
OAO Sberbank is awaiting the market response to plans for selling a euro-denominated bond as tension flares between Russia and Ukraine.
Since Ukraine’s territorial integrity started crumbling in March, the nation’s bonds have outperformed regional peers. For Landesbank Berlin Investment GmbH, that’s unsustainable.
The prospect of fresh euro-region monetary stimulus is prompting OAO Alfa Bank’s owner to sell Russia’s first Eurobond since President Vladimir Putin’s Crimea incursion in March.
Dekabank, the asset manager for Germany’s savings banks, will acquire Landesbank Berlin Holding AG’s fund business as the lender focuses on consumer banking in the country’s capital to cut costs.
Ukrainian corporate bonds yielding at least double emerging-market peers are luring investors from Landesbank Berlin Investment GmbH to Otkritie Capital on speculation the selloff triggered by street protests will fade.
Landesbank Berlin AG, a German regional lender, became the sixth bank this year to stop contributing to the panel setting Euribor, adding to an exodus that includes UBS AG and Rabobank Groep.
A dark corner of European finance is about to be illuminated by European Central Bank inspectors who are sifting through loans that banks restructure for clients and don’t fully disclose.
A tiny fishing village called Garipce holds a clue to understanding the largest corruption scandal in Turkish history.