Tag: banking

• Saturday, November 3rd 2018 - 08:19 UTC

  US “toughest” sanctions on Iran effective next Monday; “psychological warfare” claims Teheran

  

  The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal. The White House said it was “the toughest sanctions regime ever imposed on Iran” and targeted Iran's energy, shipping and banking sectors.

• Wednesday, October 19th 2011 - 06:55 UTC

  Spain’s leading banker says “obligatory” recapitalization could further weaken banking system

  

  Spain’s Banco Santander SA Chairman Emilio Botin warned of the risks of an “obligatory, indiscriminate” recapitalization of European banks without a final resolution of the sovereign debt crisis.

• Friday, August 26th 2011 - 04:09 UTC

  Argentina blasts Moody’s for questioning soundness of the banking system

  

  Argentina’s Central Bank’s Governor (BCRA) Mercedes Marcó del Pont said on Thursday that the Argentine banking system “is in its best historical levels of liquidity, solvency and default rates” referring to an earlier report from Moody’s rating agency.

• Tuesday, May 25th 2010 - 00:57 UTC

  IMF bluntly tells Spain austerity and reform measures are not enough

  

  The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.