Sentences with phrase «banks after the government»

Not exact matches

DUBAI, April 28 - Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Premier Mark McGowan says his Government is giving «active» and «serious» consideration to introducing a bank tax after its $ 400 million gold royalty increase was torpedoed by the Liberal Party.

After remaining silent on the issue during Stephen Harper's reign, the central bank now is providing intellectual cover for the government as it confronts doubters ahead of its first budget.

Soon after, concerns about liquidity and asset quality put many other institutions at risk, including Bank of America and Citigroup, which took billions in loans from the government to weather the chaos.

Greek banks will be shuttered until July 6, according to Reuters citing government officials early Monday, after the European Central Bank froze vital funding support to lenders in the cash - strapped country.

The debt is mostly blamed on Irish banks, which the government bailed out after the housing market collapsed in 2008.

NEW YORK, March 27 - Puerto Ricos Government Development Bank, the islands insolvent former fiscal agent now in wind - down mode, has tweaked its $ 5 billion debt restructuring deal to help keep small towns afloat six months after Hurricane Maria.

The Hungarian government is running short on cash after it passed a law last week that could compromise the independence of its central bank.

Singapore's main growth in financial stature came after the government, at the urging of the Bank of America, decided in 1968 to allow banks to accept deposits in foreign currency.

Greece's leftist - led government and the central bank also want lower primary surplus targets, arguing this will give Athens room to cut taxes and help the battered economy return to growth after a protracted recession.

A day after releasing Dimon's annual letter to shareholders, J.P. Morgan Chase (jpm) Wednesday revealed details of its special provisions for compensating employees who leave the bank for government service.

The Greek government ordered banks closed until after the referendum and imposed capital controls that reportedly will limit withdrawals to $ 60 per day.

His proposed solution is to have the U.S. government create an independent Federal Energy Resources System, modelled after the Federal Reserve Bank system and empowered to make real - time (not «political time») regulatory decisions about the energy supply, technology and infrastructure choices, and environmental protection.

Despite its moniker, the bank is majority owned by the UK government as a whole after a 2008 bailout.

In Asia, stocks closed mostly higher but Chinese bonds and equities stumbled after the government announced new steps on banking oversight in an «arduous» fight on financial risks, Reuters reported.

A new study by researchers at the Federal Reserve Bank of New York suggests that bondholders still don't believe the government would ever let the firms collapse into bankruptcy — after a decade of efforts by regulators to convince them otherwise.

The debt deal, which came on Friday after about 19 similar summits since the start of the debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European banks directly, rather than make loans to governments to bail out the banks.

In one paper he co-wrote in the spring of 2002, just months after he joined Goldman Sachs to lead its effort to win investment banking business from European governments, Mr. Draghi argued that governments might use financial derivatives like interest rate swaps «to stabilize tax revenue and avoid the sudden accumulation of debt.»

Last week in London, for example, an analyst from a research company with whose views I am usually in strong sympathy and who herself is very bearish on China's growth prospects, airily dismissed Chinese debt concerns by pointing out that Chinese government debt, even after adding back estimates of losses in the banking system, is lower than that of the Japanese government, and because the government's debt burden has not been a problem in Japan it won't be a problem in China.

Even though the intellectual climate within the Reserve Bank and other economic policy agencies was already moving in favour of deregulation in the early 1970s, wider community acceptance of the case for change did not come until after the Government set up a broad - ranging inquiry, conducted by a group of independent experts.

And then there is the matter of allowing the public to assess counterparty risks building up at our insured banks after AIG sold credit protection derivatives (credit default swaps) across Wall Street that it could not pay in the crisis, forcing another massive government bailout.

DUBAI (Reuters)- Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

It would be the state's first legal test over whether a borrower can sue a bank for breach of contract after the lender rejected a loan revision when the borrower satisfied a government - supported mortgage - conversion program, the judge wrote.

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Lloyds closed 1.5 p higher at 67.73 p, leading the government owned high street banks in advances as the Royal Bank of Scotland advanced by 0.5 p to close at 3.04 p after a solid week of trading.

Option (e) remains extremely risky given the massive levels of outstanding government debt (and potential for fiscal crisis) and therefore low in probability in our view, but the idea came to the fore in investor consciousness after the BOJ held meetings with former FOMC Chairman Bernanke, credited for applying the idea of «helicopter money» to deflation - fighting in central bank policy.

«We have a backdrop that's more like the 1940s when governments were saddled with debt after the war and central banks held a big proportion,» Major said.

After all, if the official plan to address a «price inflation» problem involves fixing prices and distributing «Whip Inflation Now» buttons, and at the same time the central bank and the government are experimenting with Keynesian demand - boosting strategies, then there's only one way for economic confidence to go, and that's down.

The Government of the Maldives is geared towards developing the newest Islamic banking hub.Just four years after the first Islamic bank was opened on the shores of the Maldives, the country's...

By 1908 railway, municipal, county and state bonds supplemented U.S. bonds as legal reserve backing for U.S. Government deposits in the national banks, much as the Federal Reserve would accept real estate mortgages as bank reserves after 2008.

Hours after the arrests, the government released a statement announcing its intervention into Banesco aimed at redirecting its administration and purging the bank, while putting a deputy finance minister at its helm.

After many years of extraordinary monetary policy, an enormous quantity of government debt now sits on central bank balance sheets.

His stance changed after the chief executives of Australia's four largest banks wrote to the government on Thursday requesting a «properly constituted inquiry.»

Further falls in house prices in the UK (which I expect) will hit our banks further, though I suspect the scale is now manageable after their capital raising and / or government injections.

European stocks finished with gains on Monday, helped by Italian banks after that country's government stepped in to shut down two failed lenders, and as Nestlé SA rallied after a hedge fund snapped up a big stake in the consumer - products giant.

After ten years marked by government bailouts, a string of annual losses, and customer defections, the big four UK banks — Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland (RBS)-- are just now starting to re-gain their footing.

Half a century after Independence, as of now, we have the largest population of poor people in the world, one third of our rural population is below the poverty line and despite the UN agencies» massive aid projects, the development assistance of the World Bank, bilateral aid, the Center and State governments» intervention, the gap between the rich and the poor has doubled in the last three decades - fifteen years ago the lowest 20 per cent of global population received 2.5 per cent of global wealth whereas at present, the share has been reduced to less than 1.3 per cent.

Mr Sims also revealed the ACCC is set to publish an explosive report on the eve of the banking royal commission, after shifting through thousands of internal documents to examine the banks» home loan pricing and whether they have passed the government's $ 6.2 billion bank tax on to customers.

West Australian premier Colin Barnett says the government will not become a «bank of last resort» for the resources sector after sweetening conditions for miners struggling to survive a sustained rout in iron ore prices.

Owing to funding constraints, Government decided to start the project by constructing an E-Block in each beneficiary District except the 23 World Bank funded projects which came with the full complement after successful negotiations led by Prof. Naana Jane Opoku - Agyemang.

12:12 - Miliband says the government rejected complex derivates proposals after lobbying by banks.

Joy FM and Myjoyonline.com apologized for their lies against the president in December 2013 after government had to release a statement asking Joy FM and Myjoyonline.com to apologize for a lie they peddled on their platforms — claiming the presidency stopped Merchant Bank from recovering debts from E & P.

Addressing newsmen after the Federal Executive Council meeting held at the Aso villa, Abuja, Minister of Budget and National Planning, Senator Udo Udoma said that government has kicked off the process of reviving the ailing economy, saying that the banks would still need the staff later when the economy picks up.

The government accuses food bank operators of profiteering and «publicity - seeking», after new figures reveal a surge in the number of people resorting to their use.

The government owns 84 % of the Royal Bank of Scotland and 43 % of Lloyds, after bailing out the two banks at the height of the global financial crisis.

After issuing the interim orders, the court also issued 14 days to Sterling Bank and any other interested party to appear and prove the legitimacy of the monies, failing which the funds would be permanently forfeited to the Federal Government.

This came after the Federal government ordered banks and other financial institutions to put a stop to retrenchment in the sector.

The controversial Chad - Cameroon Petroleum Pipeline began producing oil in 2003, led by an oil consortium of ExxonMobil, Chevron and Petronas, the World Bank (which withdrew from the project in 2008 after it became clear money from the pipeline was being spent on arms acquisitions in Chad) and the governments of Chad and Cameroon.

Labour leader Rhodri Morgan will spend the bank holiday weekend considering a return to coalition government, after his party lost its majority in the Welsh assembly.

«Doesn't it make you angry that after 65 years of red - blue government, a child's chances in life are still more determined by their parents» bank balance than by their own hopes and dreams?»