News

Bankia Listed as Junk Status, Asks for €19 billion

Bankia Listed as Junk Status, Asks for €19 billion

Just days after Spanish regions announced refinancing plans for €36 billion, Bankia has requested an additional bail out from Spanish tax payers. Originally the bank had posted a profit of €309 million. A short while later, the group has reconfigured their revenue and requested a total of €19 billion in bailout money. Previously, the bank […]

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HSBC’s Shareholders Reject Remuneration Report

HSBC’s Shareholders Reject Remuneration Report

Recently, shareholders of one of London’s top banks gathered in London at the Barbican arts center. Many were upset following a recent report by the bank. Controversial layoffs and large bonuses for executives played a central role in the controversy surrounding HSBC’s shareholder meeting. Layoffs Affect Many Londoners HSBC had already announced a massive round […]

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Euro Continues to Fall Against the Dollar

Euro Continues to Fall Against the Dollar

The debt crises in Europe have caused the euro to continue to slide against the dollar. The largest region in Spain, Catalonia, has asked for help in paying their bills from the Spanish government. Over in Greece, new elections are scheduled in just a few weeks. Investors are worried about the increasing likelihood of a […]

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Euro Recovers Slightly, Some Emerging Markets Still Down

Euro Recovers Slightly, Some Emerging Markets Still Down

 The dollar is continuing its rise to the top. As European markets deal with debt crises and financial turmoil, investors are turning to the dollar. The flight of investors to the dollar has resulted in the Indian rupee hitting record lows. Across the pond, the Brazilian real has been making a splash across newspaper headlines. […]

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Lloyd’s: Preparing for a Euro Collapse

Lloyd’s: Preparing for a Euro Collapse

The chief executive of Lloyd’s of London has begun preparations for a potential collapse of the Eurozone.  This corporation has admitted publicly that the Eurozone is headed for tough times. They have worked to reduce their exposure to the unstable currency. After continued debt crises in Greece, Spain Italy and Portugal, Lloyd’s has decided to […]

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Yahoo’s Scott Thompson Resigns as CEO

Yahoo’s Scott Thompson Resigns as CEO

Recently, Scott Thompson has come under fire for issues with his official biography. According to the website, he possessed a degree in computer science. In reality, he had never obtained this college degree. Across the United States, investors called for the resignation of Scott Thompson. As CEO of the embattled company, Scott Thompson led Yahoo […]

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Greece’s New Democracy Fights Plans to Scrap the Bailout Plan

Greece’s New Democracy Fights Plans to Scrap the Bailout Plan

The radical leftwing Syriza party has recently announced plans to end the newest bailout agreement. Greece’s center-right leader issued a warning on Wednesday that Syriza’s plans could catalyze and a collapse of Greece’s internal systems and a government default. At a meeting of the New Democracy party, Antonis Samaras told meeting members about his proposals […]

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