Speed of European rebound still driven by France and Germany

first_img Speed of European rebound still driven by France and Germany ECONOMIC recovery in the 16-country Eurozone eased in August but employment continued to rise for the fourth consecutive month, Markit’s flash purchasing managers’ index (PMI) showed yesterday.The composite index slipped slightly to 56.1 from 56.7 in July but remained well above the 50 level that separates expansion from contraction. Manufacturers reported a faster increase in new orders and service providers also saw a slight pick up in the rate of increase in new business, reflecting better domestic conditions.But Markit warned: “The solid outcome at the headline level masked worrying divergences between the national economies, as growth remained particularly dependent on Germany and France.”“There is little evidence to suggest that buoyant business conditions in the region’s core nations are spilling over to the benefit of the periphery, meaning an increasing divergence in the Euro area’s two-speed recovery,” said Markit’s Chris Williamson. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Monday 23 August 2010 7:44 pm KCS-content Tags: NULLlast_img read more

Virgin ends strike threat

first_img Show Comments ▼ Share Wednesday 8 September 2010 7:49 pm KCS-content VIRGIN Atlantic averted the threat of the first strike in its 26-year history yesterday, after it reached an agreement with pilot’s union Balpa over the time off its members take.Under the deal Virgin pilots remain entitled to “at least 120 days off” a year, equivalent to an office worker’s weekends and bank holidays. Virgin’s negotiating team was led by chief executive Steve Ridgway.Virgin, which is majority owned by billionaire Sir Richard Branson, said: “During the course of these discussions both parties have also identified some opportunities to modernise the relationship between Virgin Atlantic and Balpa in the future and we are looking forward to working on this together.” Balpa general secretary Jim McAuslan described the talks as “frank, to the point and creative.”Meanwhile, rival British Airways’ 19-month dispute with its Unite cabin crew over pay and conditions continues. Earlier this week Unite’s Heathrow branch membership called on its national union to launch a ballot for more strike action in the run up to Christmas. whatsapp Virgin ends strike threat whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

BAE looking to offload US unit

first_img BAE looking to offload US unit British defence company BAE Systems said it had hired advisors to sell its Platform Solutions business.“BAE Systems confirms that it has engaged Wells Fargo and JP Morgan to advise on strategic options with regard to the Platform Solutions business, including a possible sale,” the company said in a statement.“There can be no certainty that any transaction with respect to the Platform Solutions business will occur.”Sources told Reuters on Saturday that BAE was looking to sell part of its North American commercial aerospace business in an auction that could generate up to $2bn (£1.3bn).They added that possible bidders may include Goodrich Corp and Honeywell International, along with rival aerospace and industrial component manufacturers Rockwell Collins, Woodward Governor Co and Moog.Private-equity firms, such as Carlyle Group, Warburg Pincus and Greenbriar Equity Group LLC could also be keen, the sources said.BAE’s platform solutions business makes flight and engine controls, mission avionics, advanced display systems, and power management and energy systems for commercial and military customers.Platform Solutions employs some 4,200 people at sites worldwide. whatsapp John Dunne whatsapp Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Tags: NULL Monday 13 September 2010 3:26 amlast_img read more

CITY VIEWS: ARE YOU WORRIED ABOUT ANOTHER WAVE OF STRIKES?

first_img whatsapp Show Comments ▼ whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndo Sharecenter_img Monday 13 September 2010 7:42 pm JAMES DEVON | GEORGESON“I am not entirely worried about more strikes but I do expect more to happen as it seems to be a growing trend at the moment. But they seem to be causing less impact now as companies are coping. I beat the tube strike by taking thetube!”SONY DHOKIA | TOUCH ONE ADVERTISING“I am worried that more strikes will happen, mainly because I think people are going to continue disputing low pay and now seems like the perfect chance to take action because of therecession.”RENATO RODRIGUES | BLP INSURANCE“I think another wave of strikes is likely and I worry that strike action will inevitably cause distress. Unions should be sensitive to the state of the economy. Take a company like BA, which is really being harmed by strikes.”RICHARD GRAINGER | TORUS INSURANCE“I am not worried about more strikes but there seems to be a tendency now to move towards pro-actively taking strike action, which is naïve given the current economic climate. I do think there will be more strikes.” Tags: NULL CITY VIEWS: ARE YOU WORRIED ABOUT ANOTHER WAVE OF STRIKES? Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

Betfair founders hit jackpot with float

first_img whatsapp Tuesday 21 September 2010 8:24 pm Tags: NULL Share KCS-content whatsapp Betfair founders hit jackpot with float BETFAIR yesterday announced a stock market listing that is expected to value it at up to £1.5bn, braving an IPO market that sorely bruised Ocado earlier this summer.If successful, the internet betting firm, which has seen a meteoric rise since it was launched a decade ago, would have a higher valuation than gambling stalwarts Ladbrokes and William Hill.Analysts were cautiously optimistic about the float yesterday, despite founders Andrew Black and Ed Wray announcing they will each sell a tenth of their 22.5 per cent stake in the business. If the firm reaches the £1.5bn valuation this will give them a paper windfall of £17m each – not bad for an initial investment of just £60,000 between them.Around half of Betfair’s 14 major investors will sell some of their stake, with a minimum of 10 per cent of the company on offer.Chief financial officer Stephen Morana told City A.M. the firm will not experience the same difficulties as online grocer Ocado, which was forced to slash its valuation at the eleventh hour to rescue its IPO.He said: “We’re putting up a small percentage of the business. Our stakeholders are committed, they are selling to help the business expand. There is no indication that they are selling to crystallise their investment.”Morana denied the IPO could be derailed if analysts turn on the float: “Analysts have an influence over these things but investors need to make up their own minds.”The firm also announced its full year results, which saw revenue rise 13 per cent to £341m but profit slide to just £17.8m. The firm said investment in IT and a big marketing spend for the World Cup hit its margins. MATTHEW WESTERMANGOLDMAN SACHSGoldman Sachs and Morgan Stanley are acting as joint bookrunners on the float.Heading up the team for Goldman is their global head of equity capital markets Matthew Westerman. He joined Goldman in 2000 as a managing director and was promoted to partner in 2002. Prior to joining the firm, he worked at NM Rothschild, where he was a managing director and joint chief executive of ABN Amro Rothschild for four years. He also worked in the equity capital markets department of CSFB. He graduated from Oxford University with a history degree in 1986. Also on the Goldman team are Anthony Gutman, a star banker enticed from Citigroup, and Nick Harper.On the Morgan Stanley side the team is headed up by Henry Stewart, the head of consumer M&A who was a key adviser for Cadbury in the lead-up to its sale to Kraft. Also advising for Morgan Stanley is highly respected managing director Peter Moorhouse and Anthony Kokinakis.Barclays Capital and Numis are co-lead managers. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼last_img read more

UNICREDIT CHANGEOVER

first_img whatsapp UNICREDIT CHANGEOVER whatsapp Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content Italian banking group UniCredit confirmed yesterday that Alessandro Profumo has resigned as the group’s chief executive after a row over Libyan investment in the bank. UniCredit’s board has transferred the executive powers to chairman Dieter Rampl, who will lead the group until a new CEO is appointed. The board has also given Rampl the mandate to identify and propose Profumo’s successor. Show Comments ▼ Wednesday 22 September 2010 7:28 pm Tags: NULLlast_img read more

BEST OF THE BROKERS

first_imgMonday 1 November 2010 7:37 pm KCS-content whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com CARNIVALShore Capital rates the cruise operator a “sell” with a target price of 2,724p. The broker argues that the firm’s share price corresponds to consumer confidence, which continues to soften in the long-term. Profit at the company is also linked to oil prices, with every $10-per-barrel rise knocking 25 cents from earnings per share, the broker believes. SHANKSLiberum Capital has initiated coverage of the waste company with a “buy” recommendation and a target price of 160p. The broker sees good growth opportunities in the UK and Canada. However, the group’s main assets are in the Benelux region, and the broker argues that an improvement in the bloc’s property market is needed before the company recovers profitability. FIRST QUANTUMNumis rates the mining group a “buy” but has reduced its target price to £70 from £71 following a visit to the company’s nickel projects in Australia. However, the broker believes the firm has priced the production value of some projects cautiously, and that the company stands a good chance of beating estimates once the mines move into full production in the next couple of years. Sharecenter_img Tags: NULL Show Comments ▼ BEST OF THE BROKERS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndolast_img read more

Standard Life figures show good growth

first_imgWednesday 3 November 2010 9:45 pm Standard Life figures show good growth whatsapp Show Comments ▼ Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmRest WowCouple Enacts Revenge Towards Neighbor Who Made Their Life HellRest WowAlphaCuteBizarre Hells Angels Rules, #10 Is MandatoryAlphaCuteArticles StoneLittle Boy Was In Disbelief After Knowing What His Painting’s WorthArticles StonePensAndPatron30 Places That Have The Funniest Signs For Their RestaurantsPensAndPatron whatsapp KCS-content STANDARD Life said it was cautiously optimistic after it announced strong growth in assets and an increase in net inflows for the first nine months of the year. The group reported that assets under management are 13 per cent higher at £192.4bn compared to the end of the fourth quarter of 2009. Third party investments under management were 21 per cent higher at £69.1m, and fee business was up 14 per cent at £157.7bn. Net inflows to the group increased 60 per cent to £7.2bn over the past three quarters. Long-term savings net inflows more than doubled to £3.5bn, with growth of 63 per cent to £1bn during the third quarter. Third party inflows at Standard Life Investments, the group’s asset management arm, were 48 per cent higher at £6.3bn, with net inflows 35 per cent higher in the third quarter. About half of these inflows came from its Global Absolute Returns Strategies (GARS) product, which had strong take-up from both retail and institutional investors. On the back of this success, the group said that it plans to launch other GARS products, one investing solely in bonds. The group’s numbers of SIPP customers in the UK have now passed 100,000. “We are happy we see this as a strong set of results, strong performance is being delivered across all areas of the business,” Jackie Hunt, Standard Life’s chief financial officer, told City A.M. About 80 per cent of business comes from the consolidation of assets, she said, meaning that it is not as heavily impacted by consumer sentiment. She was positive about the outlook for the economy. She said: “Our house view is that we are unlikely to see a double dip but a relatively slow growth period. Some of the nervousness around the Eurozone has abated. It is not as fragile as in 2009.”Hunt added: “There has been a move away to more risky assets, although at the low end of the risk spectrum. Mutual funds, equities and corporate bond funds have benefited strongly.“The shares closed 0.6 per cent down at 230p, although the price is well up on its year low of 170p in July. last_img read more

BP set to sell Pakistan unit for $775m

first_img BP set to sell Pakistan unit for $775m Show Comments ▼ KCS-content whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timescenter_img Tuesday 14 December 2010 9:18 pm Share BP agreed to sell virtually all of its oil and gas assets in Pakistan to Hong Kong-listed United Energy Group for $775m (£491m) as it raises cash to pay for the Gulf of Mexico oil spill.BP said the Pakistan sale has brought to $21.8bn the amount that the firm has raised in recent months. The British oil major said it expects the clean up costs, compensation and fines from the worst oil spill in American history to hit $40bn. The oil firm said it will sell assets worth $25-$30bn by the end of 2011 to help pay for it. BP group chief executive Bob Dudley said: “We are continuing to identify further assets that may be strategically more valuable to others than to BP as we complete the programme.”Most recently it raised $7bn through the sale of its stake in Argentina-based Pan American Energy to China’s CNOOC. BP closed up 3.2 per cent at 473p, with traders citing talk of potential bid interest from Royal Dutch Shell. Meanwhile, an Alaska judge yesterday dismissed the state’s claim that BP owes several hundreds of millions of dollars in tax revenues the state claims it lost when the Prudhoe Bay oil field was partially shut down in 2006 because of a BP oil spill. The lawsuit sought $1bn in civil damages. Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

Irish government to have power to impose haircuts

first_img Irish government to have power to impose haircuts KCS-content Share Tuesday 14 December 2010 9:30 pm Tags: NULL Ireland’s government will have extensive powers to restructure its banking sector, including the ability to impose losses on lenders’ subordinated bondholders, under a new law published yesterday.Ireland agreed to radically overhaul and shrink its banks as part of an €85bn (£72bn) EU/IMF rescue package designed to prevent future loan losses at its lenders tipping the economy over the edge and damaging the wider Eurozone.“This bill will allow the minister to take the actions required to bring about a domestic retail banking system that is proportionate to and focussed on the Irish economy,” finance minister Brian Lenihan said.“The banking system must play its role in providing the credit to the real economy to support our recovery.”The law will allow the finance minister to transfer banks’ assets and liabilities and “take or prevent any actions in order to support the government’s banking strategy”.The law, which applies to banks that have received state support, building societies and credit unions, will enable the government to force losses on holders of junior bank debt on a case-by-case basis. center_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Show Comments ▼last_img read more