Three of Greece’s largest lenders plan to sell up to 5.5 billion euros in bad loans by early next year, sources said, as the country’s central bank chief called on the creaking banking sector to act faster to tackle its bad-debt problem. 223 more words
Tags » Bloomberg
We are talking about the largest economy in the world here. And the answer, according to Noah Smith, is China.
I started talking about the downfall of the U.S. 239 more words
Bloomberg corresponds provide some background on the taxi medallion industry and shows an interesting perspective before the big surge of Uber in the city. The original article can be found here.
Piraeus Bank, Greece’s largest bank by assets, agreed to sell its Serbian operations to Serbia’s Direktna Banka, Piraeus said on Tuesday.
The bank is still struggling with problem loans after recession in Greece pushed unemployment to record highs. 74 more words
States regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act, less than three weeks before their citizens and customers start signing up for coverage. 70 more words