Tags: Bailout
ING complies with bailout provisions
ING is now divesting assets and undertaking cost cutting measures in order to comply with bailout requirements.
ENBD Pays Back Bailout Funds
Emirates NBD has repaid its bailout funds in the amount of 3 billion UAE dinars. Dubai's largest financial institution, Emirates NBD has repaid for April the amount of 3 billion UAE Dinars or US$816.
Russia to Expand Role in Cyprus Bailout on a Condition
Russia extends help but conditions that help on "taking their interests into consideration."
Schauble Urges Investors to be More Involved
Schauble gives his candid thoughts on investor participation, the Cyprus bailout and the European economy as a whole.
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Amongst the plans of Hojiblanca Director General Antonio Luque is to purchase shares of Deoleo, primarily the Bankia stake in the olive oil maker.
First Deputy Prime Minister Shuvalov said that the government will not provide assistance to Cyprus depositors who lost money, except in certain circumstances.
Cerberus has grandiose plans for Seibu, such as relisting after three years and expanding its shareholdings in the company.
Cyprus is working round the clock in drafting and discussing an amenable financial plan to avert bankruptcy.
Korean chaebol Samsung purchases shares in Japanese rival Sharp. Samsung Electronics would be investing US$110 million in Sharp Corp in 2013 to stabilize the supply of television and improving the opportunities for the Japanese screen maker.
AIG divests US government of shares over the company. American International Group Inc or AIG has recovered from the 2008 financial crisis after buying out the US government's last financial interest in the formerly beleaguered firm.
ING Groep is looking forward to set sale of its stake in the Brazilian insurance company as it faces pressure to shed assets in exchange for the state bailout it received during 2008 financial recession.
UK government to divest shares in RBS. The Royal Bank of Scotland reported its highest profit since the market crash of 2008. This can lead to the eventual sale of the UK government's 82% share in the bank.
Bankia announced it expects to recover the money it requested to the government for bailout as it sees signs of recovery.
There is still no timetable agreed when to dispose the 82% stake of the government in Royal Bank of Scotland.