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Share Trading Suspended in the Spanish Lender Bankia, Pushing Spain Ever Closer to Needing a Bailout
The Spanish market regulator CNMV said it was “due to circumstances that may affect the normal share trading”. There are reports that Bankia will ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board
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Brazil Has Reason to be Proud of First-Tier Banks
Reported by Marcos dos Santos. After a period of tension between the banking sector and the Brazilian government, the Executive Vice President of FEBRABAN (Brazilian Federation of Banks), Wilson Roberto Levorato, said recently, during a seminar of financial inclusion in
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KCB CEO Has Been Buying Into the Success He Is Driving
The chief executive of KCB Group has bought KCB shares in a demonstration of his confidence in the company he leads. KCB’s annual report shows chief executive Martin Oduor-Otieno bought shares last year. Mr Oduor-Otieno has been the CEO of
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Mexico’s Competitive Banking System
At the opening of the 75th Banking Convention in Mexico, President Calderon said the country’s financial sector is well fortified against external shocks. ACAPULCO, May 18. – Facing a backdrop of the international financial uncertainty and other countries in economic
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The Franco-German Relationship Looks Set to Continue but Where Does This Leave the Greeks?
Newly-inaugurated French President Francois Hollande and German Chancellor Angela Merkel said on Tuesday they want Greece to remain in the euro in a show of unity at their first meeting since Hollande was elected. “I want to reiterate, and we
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India’s Financial Sector – Defies the Global Trend – Continues to Emerge Stronger
India has witnessed an excellent growth over past two decades. Indian economy has expanded at a CAGR of 6.9% during this period. Besides economic growth, the country has prospered in a number of other areas as well. Its professionals have
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Emerging Managers Summit South
October 2012 – Las Vegas, NV If you are looking to expand and diversify your asset allocation by investing in emerging managers as well as women and minority owned investment managers, the emerging managers conference will provide the unique opportunity to
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Emerging Managers Summit
The Radisson Blu Aqua Hotel Chicago, Chicago, IL May 30-June 1, 2012 If you are looking to expand and diversify your asset allocation by investing in emerging managers as well as women and minority owned investment managers, the emerging managers conference will
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Santander Committed to Brazil as Major Contributor to Bank’s Profits
Chairman Botin confirms the strategic importance of Santander Brazil, which accounts for the vast majority of the bank’s world-wide profits for the 1st quarter 2012. By Marco dos Santos The deepening crisis in Spain last week cast shadows over the financial
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HSBC Continues to Sell Non-Core Assets
HSBC is selling businesses in four South American countries as it carries on its plan of leaving what it regards as less promising markets. The deal is still subject to regulatory approval but HSBC has reported the sale of its
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