Financial Crisis

German department store chain reaches rescue milestone
World

German department store chain reaches rescue milestone

Retailer Galeria Karstadt Kaufhof has once more been rescued from the brink of insolvency after facing its third bankruptcy in…
Euro finance ministers call for relaunch of bank securitisation
My Europe

Euro finance ministers call for relaunch of bank securitisation

Euro area ministers on Monday (11 March) agreed a wishlist of financial reforms – led by a controversial relaunch of…
Bank crisis fund is now full, agency chief says
Business

Bank crisis fund is now full, agency chief says

A controversial EU bank crisis fund has reached its intended €78 billion capacity, meaning that lenders won’t need to pay…
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