Small firms find themselves in debt trap, says HSBC
British global bank HSBC Plc said the number of small firms struggling to repay debt is increasing and that these firms are finding the going tough mainly because of the economic slowdown and the resultant freeze on consumer spending, higher borrowing costs and rising energy bills.
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Fri, 02 Dec 2005 20:20 GMT |
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EU banks set to expand hedge fund exposure
Banks in the European Union may expand their hedge fund exposure as the industry expands, according to the European Central Bank (ECB). It said in a report that risk management is generally strict in the banking sector, but there is scope for improvements in counterparty discipline, mostly under pressure due to competitive market conditions.
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Mon, 28 Nov 2005 20:20 GMT |
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Anglo Irish's profits up 36%, beats forecasts
Ireland's property finance lender Anglo Irish Bank Corporation Plc. posted a 36 per cent rise in its pre-tax profits at 685.2 million euros for the year ended September, helped by a strong growth in its business-lending.
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Thu, 24 Nov 2005 01:35 GMT |
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Lloyds TSB, Fortis said to be in talks to set up a JV
Lloyds TSB Group Plc. is mulling a merger of its asset management business with a unit of Belgian-Dutch financial services group Fortis NV. The two groups are in talks, according to newspaper reports.
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Fri, 11 Nov 2005 17:45 GMT |
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UK interest rates kept on hold
Bank of England stuck to a conservative approach and left interest rates unchanged at 4.5 per cent for the third month. After two day deliberations, the Monetary Policy Committee’s (MPC’s) nine-member strong board came to this decision in the wake of soaring fuel prices which increased the cost of living.
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Fri, 11 Nov 2005 07:05 GMT |
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ECB to penalise fiscally-errant nations
The European Central Bank president, Jean-Claude Trichet said the central bank would only accept highly-rated sovereign bonds as collateral for its financing operations. Countries, whose debt rating of the government below is below single A-, would have their bonds rejected as collateral.
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Fri, 11 Nov 2005 06:45 GMT |
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Man thought to be involved in Northern Bank heist charged
BELFAST - Northern Ireland police have charged a man thought to be connected with the £26.5 million heist from a Belfast bank last December in what has been termed as one of Britain's biggest bank armed robbery. The heist took place at a NAB branch at Donegall Square West in Belfast.
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Sat, 05 Nov 2005 13:10 GMT |
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