The banking system is completely dysfunctional, and it is going to lose legitimacy as we are nowhere near the solution of the too-big-to-fail problem, Robert Pringle, chairman and founder of the Central Banking Journal, told RT.
Cyprus Foreign Minister Ioannis Kasoulides told a German newspaper Wednesday that economic sanctions against Russia by Europe would destroy the Cypriot economy, adding that every EU state should decide separately whether they want to cut ties with Moscow.
Paying off debt to Russia will not be a first priority for Ukraine when it secures its first tranche of International Monetary (IMF) bailout cash, Oleksandr Shlapak, coup-imposed Ukraine’s Finance Minister has said.
After a four year exile from the euro bond market, Greece is back. Investors bought 3 billion euro ($4.16 billion) in 5-year bonds, offering a glimmer of hope as the euro zone economy continues to crawl out of its debt crisis.
Western banks in the US and EU still want to do business with Russia’s second biggest bank, VTB, but tension over Ukraine is stonewalling those eager to work with the bank, according its head, Andrey Kostin.
A former executive of the Dutch bank ABN AMRO has committed suicide after killing his wife and daughter, and the head of Liechtenstein's Bank Frick has been found shot dead in a car park. The suspect in the Frick shooting had a grudge against the bank.