Items by By LANDON THOMAS Jr.
NYT > Business
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Greece Faces Off With Holdout Investors Over Debt
Posted: April 4th, 2012, 1:30am EDT by By LANDON THOMAS Jr.
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A few investors who will not agree to take losses on their bonds expect Athens and its supporters to pay them back rather than go into default, a move that analysts said could set a dangerous precedent.
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DealBook: 5 Visions of How to Solve the Euro Crisis
Posted: April 3rd, 2012, 1:57pm EDT by By LANDON THOMAS JR.
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A British businessman has offered a prize of 250,000 pounds for essays describing how a country could leave the euro, or how the currency union could break up.
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Greece Confident of Bond Swap Approval
Posted: March 8th, 2012, 8:19pm EST by By LANDON THOMAS Jr.
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Greece appeared to be closer to receiving bailout funds from Europe and the International Monetary Fund after its debt swap was approved by more than a majority of its lenders.
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Mitu Gulati, an Architect of Greece’s Debt Deal, Wants More
Posted: March 6th, 2012, 3:43pm EST by By LANDON THOMAS Jr.
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Mitu Gulati, a Duke law professor, who with Lee Buchheit, a New York lawyer, developed the blueprint for Greece’s bond write-off, says that similar deals would help other indebted countries.
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For London Youth, Down and Out Is Way of Life
Posted: February 16th, 2012, 7:10am EST by By LANDON THOMAS Jr.
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The lack of opportunity is feeding a mounting alienation and anger among young people across Europe, threatening to poison the aspirations of a generation.
NYT > Home Page
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For London Youth, Down and Out Is Way of Life
Posted: February 16th, 2012, 6:03am EST by By LANDON THOMAS Jr.
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The lack of opportunity is feeding a mounting alienation and anger among young people across Europe, threatening to poison the aspirations of a generation.
NYT > Business
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As Greece’s Debt Plan Nears, Concerns About Bond Holdouts
Posted: February 15th, 2012, 7:27am EST by By LANDON THOMAS Jr.
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Some bondholders, facing a loss of nearly 70 percent, may prefer to continue the battle in court.
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News Analysis: Portugal’s Debt Efforts May Be a Warning for Greece
Posted: February 15th, 2012, 5:54am EST by By LANDON THOMAS Jr.
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Despite meeting terms for bailout money, Portugal is going deeper into debt because its economy is shrinking.
NYT > Home Page
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As Greece’s Debt Plan Nears, Concerns About Bond Holdouts
Posted: February 15th, 2012, 5:53am EST by By LANDON THOMAS Jr.
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Some bondholders, facing a loss of nearly 70 percent, may prefer to continue the battle in court.
NYT > Business
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Greek Leaders Struggle for Agreement on Cuts
Posted: February 8th, 2012, 12:21pm EST by By LANDON THOMAS Jr.
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Driving the talks has been a clear recognition that the ever-worsening collapse of the Greek economy will require another increase in bailout funds.
NYT > Home Page
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Greek Leaders Struggle for Agreement on Cuts
Posted: February 8th, 2012, 12:21pm EST by By LANDON THOMAS Jr.
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Driving the talks has been a clear recognition that the ever-worsening collapse of the Greek economy will require another increase in bailout funds.
NYT > Business
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Greece Inches Toward Deal in Talks With Its Creditors
Posted: January 28th, 2012, 2:16pm EST by By LANDON THOMAS Jr.
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Greece and its private sector creditors have made new progress toward an agreement on how much of a loss the creditors would be willing to accept on their bond holdings.
NYT > Home Page
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Greece Inches Toward Deal in Talks With Its Creditors
Posted: January 28th, 2012, 2:16pm EST by By LANDON THOMAS Jr.
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Greece and its private sector creditors have made new progress toward an agreement on how much of a loss the creditors would be willing to accept on their bond holdings.
NYT > Business
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The Welsh Economy Slips, but London Cushions the Fall
Posted: January 27th, 2012, 4:24pm EST by By LANDON THOMAS Jr.
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The British government’s so-called money transfers prop up its poorer regions, keeping them from the kind of collapse suffered in euro zone nations like Greece.
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Grim Economic Forecast for Greece as It Negotiates With Creditors
Posted: January 27th, 2012, 4:19am EST by By LANDON THOMAS Jr.
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A new analysis suggests the nation’s economic condition is worsening, throwing a wrench into talks meant to pave the way for more financial support.
NYT > Home Page
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Grim Economic Forecast for Greece as It Negotiates With Creditors
Posted: January 27th, 2012, 12:53am EST by By LANDON THOMAS Jr.
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A new analysis suggests the nation’s economic condition is worsening, throwing a wrench into talks meant to pave the way for more financial support.
NYT > Business
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DealBook: Hedge Funds Scramble to Unload Greek Debt
Posted: January 25th, 2012, 7:48am EST by By LANDON THOMAS JR.
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Hedge funds that bought an estimated $5.2 billion of beaten-down Greek bonds in the last month are now finding it difficult to find buyers for their positions.
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Dispute Over Interest Rates Holds Up Greek Debt Talks
Posted: January 23rd, 2012, 12:21am EST by By LANDON THOMAS Jr.
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In negotiations on restructuring Greece’s debt, the country and its private creditors disagreed over how much interest the new bonds would pay.
NYT > Home Page
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Dispute Over Interest Rates Holds Up Greek Debt Talks
Posted: January 23rd, 2012, 12:21am EST by By LANDON THOMAS Jr.
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In negotiations on restructuring Greece’s debt, the country and its private creditors disagreed over how much interest the new bonds would pay.
NYT > Business
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DealBook: Greece Inches Toward a Deal With Its Bondholders
Posted: January 20th, 2012, 10:02am EST by By LANDON THOMAS JR.
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A compromise seems to be at hand over how much of a loss investors should take on just over 200 billion euros in Greek government bonds.
NYT > Home Page
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DealBook: Greece Inches Toward a Deal With Its Bondholders
Posted: January 20th, 2012, 10:02am EST by By LANDON THOMAS JR.
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A compromise seems to be at hand over how much of a loss investors should take on just over 200 billion euros in Greek government bonds.
NYT > Business
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Hedge Funds May Sue Greece if It Tries to Force Loss
Posted: January 19th, 2012, 1:11am EST by By LANDON THOMAS Jr.
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Several funds have plans to go to the European Court of Human Rights if the country doesn’t make good on its bond payments.
NYT > Home Page
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Hedge Funds May Sue Greece if It Tries to Force Loss
Posted: January 19th, 2012, 1:11am EST by By LANDON THOMAS Jr.
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Several funds have plans to go to the European Court of Human Rights if the country doesn’t make good on its bond payments.
NYT > Business
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Awaiting a Greek Payout
Posted: January 11th, 2012, 12:55am EST by By LANDON THOMAS Jr.
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A growing number of investors are loading up on Greek government securities that mature in March, betting on a rescue that would provide them with a huge profit.
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Banks Retrench in Europe While Keeping Up Appearances
Posted: December 22nd, 2011, 3:14pm EST by By LANDON THOMAS Jr.
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Santander and other European banking giants are trying to preserve their brands while dealing with government austerity and tighter rules that threaten to plunge the Continent back into recession.
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Fate of Euro May Hinge on Italian Savers
Posted: November 23rd, 2011, 8:17am EST by By LANDON THOMAS Jr.
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Italy has been able to rely on the large amount of government debt held by citizens, but financial officials have become fearful that Italians will begin sending their savings abroad.
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Analyst’s Longtime Skepticism on Euro Gains Traction
Posted: November 18th, 2011, 1:17am EST by By LANDON THOMAS Jr.
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Bernard Connolly’s proposition that foisting a common currency upon many disparate nation states would end in ruin is getting a much wider hearing.
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Plan to Leave Euro for Drachma Gains Support in Greece
Posted: November 2nd, 2011, 5:04am EDT by By LANDON THOMAS Jr.
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A vocal minority in Greece that has long called for a return to the drachma might find itself with a growing group of listeners.
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European Banks Are Hard-Selling Greek Bailout Plan
Posted: September 1st, 2011, 10:14pm EDT by By LANDON THOMAS Jr.
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Banks are doing their part to push through a second bailout for Greece, but the deal is shaping up to be better for them than for the Greeks.
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Investors Fret at Costs if Rescues Are Needed
Posted: August 11th, 2011, 10:15pm EDT by By LANDON THOMAS Jr.
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Ninety of Europe’s biggest banks hold $6.7 trillion in loans that are due in the next two years. That is more than half of the combined gross domestic product of the 17 nations that use the euro.
NYT > Home Page
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Investors Fret at Costs if Rescues Are Needed
Posted: August 11th, 2011, 10:15pm EDT by By LANDON THOMAS Jr.
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Ninety of Europe’s biggest banks hold $6.7 trillion in loans that are due in the next two years. That is more than half of the combined gross domestic product of the 17 nations that use the euro.
NYT > Business
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News Analysis: Pain Builds in Europe’s Sovereign Debt Risk
Posted: July 18th, 2011, 7:32am EDT by By LANDON THOMAS Jr.
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The latest bank stress test revealed how exposed banks are to the government bonds of Greece, Portugal, Spain and Italy.
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Weak Economic Data Belies British Optimism
Posted: June 16th, 2011, 1:06am EDT by By LANDON THOMAS Jr.
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The British economy is recovering, said George Osborne, the chancellor of the Exchequer, but figures on the nation’s economic growth are disappointing at best.
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A Star Faces Barriers to Deutsche Bank’s Top Job
Posted: June 14th, 2011, 9:40pm EDT by By LANDON THOMAS Jr.
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Anshu Jain, head of investment banking at Deutsche Bank, faces obstacles to succeeding Josef Ackermann as chief executive, but some say the bank risks losing him if it delays.
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Too Radical a Debt Plan From Greece
Posted: June 9th, 2011, 1:20am EDT by By LANDON THOMAS Jr.
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The Greek prime minister tried unsuccessfully to win support for a bond issue by Europe’s central bank to pay off his nation’s debts.
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New Rescue Package for Greece Takes Shape
Posted: May 31st, 2011, 11:00pm EDT by By LANDON THOMAS Jr.
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The deal being discussed would offer billions of euros in fresh loans in return for accelerated privatization and tougher tax collection measures.
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In New Budget, Britain Sticks to a Path of Austerity, Despite Slowing Growth
Posted: March 23rd, 2011, 6:39pm EDT by By LANDON THOMAS Jr.
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George Osborne, chancellor of the exchequer, presented a budget that included a medley of fairly small-bore measures aimed at spurring growth and easing the pain for the middle class.
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News Analysis: What Is Missing in Deal on Europe’s Debt Crisis
Posted: March 15th, 2011, 2:30am EDT by By LANDON THOMAS Jr.
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Several weaknesses are already apparent in the European Union’s latest attempt to fight the debt crisis, which was greeted Monday with cautious approval.
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News Analysis: What Is Missing in Deal on Europe’s Debt Crisis
Posted: March 15th, 2011, 2:30am EDT by By LANDON THOMAS Jr.
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Several weaknesses are already apparent in the European Union’s latest attempt to fight the debt crisis, which was greeted Monday with cautious approval.
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What’s Broken in Greece? Ask an Entrepreneur
Posted: January 30th, 2011, 1:48am EST by By LANDON THOMAS Jr.
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As one microbrewer sees it, outdated government rules have helped make many Greek companies uncompetitive.
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News Analysis: Foreigners Shun Europe’s Bonds, and Debt Piles Up
Posted: January 11th, 2011, 8:40pm EST by By LANDON THOMAS Jr.
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Greece, Ireland and Portugal all tapped domestic banks after they’d been shut out of international bond markets.
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News Analysis: The Crisis That Isn’t Going Away
Posted: January 8th, 2011, 2:30am EST by By LANDON THOMAS Jr.
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Europe seems unable to convince investors that it has the money and the will to address the causes of its sovereign debt problems.
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News Analysis: Europe’s Economic Pain Awakens Old Arguments
Posted: December 28th, 2010, 11:52pm EST by By LANDON THOMAS Jr.
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Critics of the euro warned that the currency would be hobbled by different economic policies across Europe.
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Spanish Takeover Bid Rattles German Markets
Posted: December 24th, 2010, 7:52pm EST by By LANDON THOMAS Jr.
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Hochtief said a takeover by A.C.S. would dilute its “made in Germany” brand and leave it exposed to the weak Spanish market.
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Europe Debt Fears Hit More Secure Countries
Posted: November 30th, 2010, 5:27pm EST by By LANDON THOMAS Jr.
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The concerns in the bond markets are further straining the decade-old monetary union.
NYT > Home Page
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Europe Debt Fears Hit More Secure Countries
Posted: November 30th, 2010, 5:27pm EST by By LANDON THOMAS Jr.
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The concerns in the bond markets are further straining the decade-old monetary union.
NYT > Business
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Irish Debt Crisis Forces Collapse of Government
Posted: November 23rd, 2010, 8:10am EST by By LANDON THOMAS Jr.
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A day after signing off on a $100 billion bailout, Prime Minister Brian Cowen said he would dissolve the government next month.
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News Analysis: In European Debt Crisis, Some Call Default Better Option
Posted: November 22nd, 2010, 4:20pm EST by By LANDON THOMAS Jr.
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Many economic experts say that bailouts only delay the inevitable and that governments should work toward organized restructuring of debts.
NYT > Home Page
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News Analysis: In Europe Debt Crisis, Some Call Default a Better Option
Posted: November 22nd, 2010, 3:53pm EST by By LANDON THOMAS Jr.
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Many economic experts say that bailouts only delay the inevitable and that governments should work toward organized restructuring of debts.
NYT > Business
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Ireland Asks for Aid From Europe, Minister Says
Posted: November 21st, 2010, 5:16pm EST by By LANDON THOMAS Jr.
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After months of trying to persuade outsiders that it could survive its financial crisis, Ireland applied for a multibillion-euro rescue.
NYT > Home Page
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Ireland Asks for Aid From Europe, Minister Says
Posted: November 21st, 2010, 5:16pm EST by By LANDON THOMAS Jr.
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After months of trying to persuade outsiders that it could survive its financial crisis, Ireland applied for a multibillion-euro rescue.
NYT > Business
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E.U. Seeks to Reassure Jittery Markets on Ireland
Posted: November 11th, 2010, 12:04pm EST by By LANDON THOMAS Jr.
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The European Union stands ready to offer a financial lifeline to Ireland, an official said on Thursday, as bond investors apply pressure that threatens to derail Europe’s fragile economic recovery.
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Countries See Hazards in Free Flow of Capital
Posted: November 11th, 2010, 1:14am EST by By LANDON THOMAS Jr.
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Foreign capital in emerging markets has played a crucial role in development, but some are questioning its benefits.
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Tax Shortfalls Spur New Fear on Europe’s Recovery Bid
Posted: October 28th, 2010, 8:32am EDT by By LANDON THOMAS Jr.
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With falling tax revenues and high deficits, European nations now face the prospect that they will miss budget targets forced upon them this year by impatient bond investors.
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Turkey’s Rapidly Rising Currency Has Downside
Posted: October 19th, 2010, 6:06pm EDT by By LANDON THOMAS Jr.
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The lira’s strength is a point of national pride, but a rapidly growing current account deficit, diminishing tourist trade and other signs show that it is taking a toll.
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Fund Manager Doesn't Hedge His Bets on Tories
Posted: October 14th, 2010, 11:18pm EDT by By LANDON THOMAS Jr.
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As the right-leaning British government prepares to impose some of the deepest spending cuts in a generation, it is doing so with the full throated support of London's financial elite.
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Amid Austerity, Britain Keeps Benefits
Posted: October 1st, 2010, 3:00pm EDT by By LANDON THOMAS Jr.
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British politicians are moving very cautiously in limiting benefits like child subsidies or a winter heating allowance.
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Battered Economy in Ireland Contracts 1.2%
Posted: September 24th, 2010, 1:28am EDT by By LANDON THOMAS Jr.
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The decline, in the second quarter, after growth of 2.2 percent in the first quarter, surprised many analysts, who had expected continued expansion.
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Contrarians Find Betting on Recovery a Lonely Job
Posted: September 13th, 2010, 3:17pm EDT by By LANDON THOMAS Jr.
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At a time when hedge funds seem gripped by fear, a few big-name investors are betting on large companies that are increasing their sales in China, Brazil and India.
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Investor Fears Force Split-Up of Irish Bank
Posted: September 9th, 2010, 1:00am EDT by By LANDON THOMAS Jr.
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The increasing burden of Anglo Irish Bank’s losses has become a millstone for the government, which is seeking to avoid a Greek-style bank bailout.
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Support of Anglo Irish Bank Strains Ireland
Posted: September 1st, 2010, 1:26am EDT by By LANDON THOMAS Jr.
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The Irish government’s strategy is being called into question as its credit rating suffers and its borrowing costs resume their upward trajectory.
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Exiled Tycoon Returns to Britain to Face Charges
Posted: August 26th, 2010, 1:15pm EDT by By LANDON THOMAS Jr.
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Asil Nadir, who fled Britain in 1993 following the collapse of his business empire, returned to face fraud charges.
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Montenegro Reaches for Respectability With Port Project
Posted: August 18th, 2010, 10:00pm EDT by By LANDON THOMAS Jr.
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A small country bordering the Adriatic Sea hopes to use foreign investment to create a playground for the super-rich and clean up its image of corruption.
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Economic Pessimists Gain Cachet
Posted: August 10th, 2010, 1:00am EDT by By LANDON THOMAS Jr.
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The opinions of some especially bearish investors have moved from the margins to the mainstream.
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Hungary’s Central Bank Head Blamed for Its Crisis
Posted: August 3rd, 2010, 5:27am EDT by By LANDON THOMAS Jr.
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Hungary’s new prime minister, who is bucking the trend of austerity in Europe, is laying blame for economic contraction on the head of its central bank.
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Turkey, Turning to the East, Asserts New Economic Power
Posted: July 6th, 2010, 12:20am EDT by By LANDON THOMAS Jr.
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Turkey is closer to fulfilling the criteria for adopting the euro than most of the troubled economies already in the euro zone.
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New Concerns as Spain’s Borrowing Costs Soar
Posted: June 16th, 2010, 3:40am EDT by By LANDON THOMAS Jr.
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Spain’s borrowing costs rose, prompting fears that financing costs could soon become too great for the economy to bear.
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Blog Prophet of Euro Zone Doom
Posted: June 9th, 2010, 9:12am EDT by By LANDON THOMAS Jr.
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For years, almost nobody paid attention to the alarms of Edward Hugh, a blogger who predicted that the euro zone could not survive. That is changing.
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News Analysis: Hungary Is Playing Political Games on Debt
Posted: June 7th, 2010, 1:38am EDT by By LANDON THOMAS Jr.
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Hungary’s new leader is finding it impossible to satisfy both voters and international investors on debt issues.
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Britain’s New Government Facing Big Hurdles
Posted: May 24th, 2010, 8:46pm EDT by By LANDON THOMAS Jr.
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Prime Minister David Cameron must close a British budget deficit now equal to 11 percent of gross domestic product.
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Britain Outlines $9 Billion in Spending Cuts
Posted: May 24th, 2010, 7:46am EDT by By LANDON THOMAS Jr.
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Britain's new finance chief aims to convince jittery markets that the new government is committed to paring high levels of public outlays.
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News Analysis: Looming Over Greece: The Specter of Bankruptcy
Posted: April 8th, 2010, 4:15pm EDT by By LANDON THOMAS Jr.
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With rates at Greek bonds reaching 7.5 percent, the cost of insuring against a default hit a record high.
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Britain Resists Austerity to Cure Budget Woes
Posted: March 24th, 2010, 4:59pm EDT by By LANDON THOMAS Jr.
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Britain is showing little appetite to take a knife to a welfare state that by some measures has also become the largest in Europe.
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British Government Delivers Pre-Election Budget
Posted: March 24th, 2010, 11:30am EDT by By LANDON THOMAS Jr.
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The chancellor of the Exchequer promised to halve the deficit in four years but defended the spending that has pushed Britain’s deficit to a historic highs.
NYT > Home Page
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Patchwork Retirement Plan Adds to Greece’s Debt Woes
Posted: March 12th, 2010, 12:30am EST by By LANDON THOMAS Jr.
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Greece’s retirement plan, which lets 14 percent of its work force retire early, has become divisive in Europe.
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Patchwork Retirement Plan Adds to Greece’s Debt Woes
Posted: March 12th, 2010, 12:30am EST by By LANDON THOMAS Jr.
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Greece’s retirement plan, which lets 14 percent of its work force retire early, has become divisive in Europe.
NYT > Business
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Patchwork Retirement Plan Adds to Greece’s Debt Woes
Posted: March 11th, 2010, 3:10pm EST by By LANDON THOMAS Jr.
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Greece’s retirement plan, which lets 14 percent of its work force retire early, has become divisive in Europe.
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News Analysis: Britain Grapples With Debt of Greek Proportions
Posted: March 3rd, 2010, 10:39am EST by By LANDON THOMAS Jr.
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Without a strong political majority to tackle Britain’s lumbering fiscal problems, the stage could be set for a potential double-dip recession, if not worse.
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Is Greece’s Debt Trashing the Euro?
Posted: February 7th, 2010, 5:05am EST by By LANDON THOMAS Jr.
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Greece’s problems, and those looming over its neighbors, have laid bare the dangers of divergent fiscal and political policies in the euro zone.
NYT > Home Page
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Is Greece’s Debt Trashing the Euro?
Posted: February 7th, 2010, 5:05am EST by By LANDON THOMAS Jr.
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Greece’s problems, and those looming over its neighbors, have laid bare the dangers of divergent fiscal and political policies in the euro zone.
NYT > Business
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Debt Problems Chip Away at Fortress Europe
Posted: February 6th, 2010, 3:09am EST by By LANDON THOMAS Jr.
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For the 16 countries that use the euro, a question about whether a single central bank can manage the divergent economic and financial conditions of its members.
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U.S. Bankers Are Fed Up With British Regulations
Posted: January 10th, 2010, 9:48pm EST by By LANDON THOMAS Jr.
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An executive pay requirement by a British regulator is pushing some U.S. banks to insist they won’t take it.
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News Analysis: With Greece Teetering, the Worst May Not Be Over for Europe
Posted: December 31st, 2009, 4:16am EST by By LANDON THOMAS Jr.
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The latest concern is that Greece or another weak economy might default on its sovereign debt, potentially fracturing the euro zone.
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Bond Vigilantes Prowling Europe
Posted: December 13th, 2009, 3:02pm EST by By LANDON THOMAS Jr.
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For Britain, Ireland, Greece and Spain, activist bond traders are making higher costs of borrowing a consequence of deep deficits.
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Britain to Levy a One-Time Tax on Banker Bonuses
Posted: December 9th, 2009, 7:37am EST by By LANDON THOMAS Jr.
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A tax seen as the most direct attack on bank bonuses in the world is part of Britain’s effort to shore up its finances.
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Britain to Levy a One-Time Tax on Banker Bonuses
Posted: December 9th, 2009, 7:37am EST by By LANDON THOMAS Jr.
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The move, expected to be announced Wednesday, is seen as the most direct attack on bank bonuses in the world.
NYT > Business
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Dubai World Is Pressured to Sell Assets
Posted: December 7th, 2009, 12:39pm EST by By LANDON THOMAS JR.
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As Dubai World and its creditors prepare for negotiations, some investors say they have enough support to force the company into default and lay claim to its most prized assets.
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Dubai World Says Debt Negotiations Only Cover Real Estate Arm
Posted: December 1st, 2009, 9:56am EST by By LANDON THOMAS Jr.
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Dubai World announced late Monday night that its negotiations with its creditors would include only the $26 billion in debt that is held by its troubled real estate developer Nakheel.
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Dubai Debt Woes Raise Fear of Wider Problem
Posted: November 28th, 2009, 5:18am EST by By LANDON THOMAS Jr.
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Dubai’s inability to repay its debt is fueling concern that other countries and institutions, and not just in emerging markets, could be in trouble too.
NYT > Business
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Dubai Debt Woes Raise Fear of Wider Problem
Posted: November 28th, 2009, 1:46am EST by By LANDON THOMAS Jr.
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Dubai’s inability to repay its debt is fueling concern that other countries and institutions could be in trouble too.
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Kazakh Bank Lost Billions in Western Investments
Posted: November 28th, 2009, 1:34am EST by By LANDON THOMAS Jr.
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Several of the world’s largest banks funneled loans to Bank Turalem of Kazakhstan, but many of these loans have failed, forcing steep write-offs.
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Dubai Fund Asks for Stay on Debt Payments
Posted: November 25th, 2009, 10:14pm EST by By LANDON THOMAS Jr.
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The Dubai government, in a blunt acknowledgment of the severity of its financial position, said that it had asked its banks for a six-month stay on its schedule of debt repayments.
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Little Cargo, Loads of Debt
Posted: November 11th, 2009, 9:53pm EST by By LANDON THOMAS Jr.
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As ship owners confront plummeting charter rates from a 25 percent drop in global trade, fears have increased about the recovery of European banks with large shipping industry portfolios.
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Britain’s Top Financial Regulator Takes On Banks
Posted: September 23rd, 2009, 8:40pm EDT by By LANDON THOMAS Jr.
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Adair Turner’s central thesis — that banking has assumed an outsize role in economic life — is anathema to many of his establishment peers.
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A Dubai Investment Arm Struggles With Debt Load
Posted: September 15th, 2009, 1:14am EDT by By LANDON THOMAS Jr.
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The unit of the government-owned Dubai World conglomerate is said to have frozen its investment activity and laid off about 20 percent of its staff.
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Unease Over Trading by the Firms That Shape Markets
Posted: September 3rd, 2009, 6:20pm EDT by By LANDON THOMAS Jr.
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The government has released transcripts and taped conversations to back up its allegations that one trader, Optiver, profited by manipulating oil prices.
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Ex-Citi Chief Looks to Show He Can Change Lloyds
Posted: August 12th, 2009, 7:05pm EDT by By LANDON THOMAS Jr.
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In his new job in Britain, Winfried F.W. Bischoff has a chance to redeem himself after a frustrating experience in the United States.
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British Financier Faces Scrutiny From His Tax Haven in Guernsey
Posted: August 6th, 2009, 11:41pm EDT by By LANDON THOMAS Jr.
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Guy Hands, the British private equity financier, has decamped to Guernsey to escape taxes, but the British authorities have started to crack down on such practices.
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Troubled Belgian Bank Reshuffles Management
Posted: July 1st, 2009, 5:11pm EDT by By LANDON THOMAS Jr.
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Under pressure from regulators and investors, KBC replaced the executive who oversaw a plunge into the securitized credit market.
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Bank Woes Deepening in Europe
Posted: July 1st, 2009, 3:24pm EDT by By LANDON THOMAS Jr.
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When the financial crisis struck the global economy last autumn, European governments moved swiftly to keep their biggest banks from falling into an abyss — never mind fears over nationalization.