European non-performing loans (NPLs) held by banks have increased to €1.2 trillion (up by nearly € 100 billion in 12 months) driven mainly by reported increases in Italy, Greece, Spain and Ireland, says PwC in its latest market ...
Tags: Non-Performing Loans, Service
Given that European households have deposits worth an impressive EUR 8.5 trillion, deposits are one of the cornerstones of the EU economic system. This represents one-third of total financial assets. Despite negative real returns in most EU ...
Tags: Deposits Business, European Banks
Roland Berger Strategy Consultants has analyzed the role of banks in the internationalization of European small and medium enterprises in its new study: "What role can banks play in the internationalization process of European SMEs?". ...
For centuries, trading with raw material has been an integral part of economic life. Stock exchanges started everywhere and eventually developed into the stock exchanges that exist today, dealing with shares, too. The first stock exchange ...
Tags: Raw Material, Textile
A Flare-up in Europe's debt crisis has sent the sharemarket to its second-largest sell-off in nine months as investors fret about a run on European banks. After a bull run for local stocks since June in a period of relative calm in ...
Tags: Europe's debt crisis, economy, Cyprus
Westpac's plain-speaking London economist James Shugg remains as gloomy about the global economy as he was over a year ago, when he said the Australian dollar could plunge to US80c and a break up of the eurozone would prompt a "global ...
Tags: Westpac, James Shugg, global economy
US President Barack Obama has finally signed a much-anticipated executive order to protect key elements of the country's critical infrastructure against cyberattacks. Covering power plants, water utilities and other high-profile targets, ...
Tags: cyberattacks, infrastructure, Barack Obama
Mitsubishi and PSA Peugeot Citroen are planning to borrow EUR320m to triple the production capacity of their Russian Joint Venture (JV). In June 2012, both the companies will extract seven-year loans valuing EUR170m from the European Bank ...
Tags: Mitsubishi, PSA Peugeot Citroen, streamline operations