European banks, bonds shaken by Greek turmoil

Last Updated: Monday, June 29, 2015, 16:24

European bank stocks and borrowing costs for Italy, Spain and Portugal bore the brunt on Monday of financial markets` fright at the growing risk that Greece will leave the euro.

European development bank inks pact with CII

Last Updated: Monday, April 6, 2015, 16:25

EBRD Vice-President Phil Bennett and Confederation of Indian Industry (CII) Director-General Chandrajit Banerjee signed an agreement to this effect today, the bank said in a statement issued from London.

Development bank EBRD to invest in Greece to 2020

Last Updated: Tuesday, March 3, 2015, 17:13

The European Bank for Reconstruction and Development (EBRD) said Tuesday it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout programme.

EU ministers agree on new bank rescue rules

Last Updated: Thursday, June 27, 2013, 09:21

European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.

India-born Suma Chakrabarti to head European development bank

Last Updated: Monday, May 21, 2012, 11:36

India-born Suma Chakrabarti will succeed Germany’s Thomas Mirow as the President of the European Bank for Reconstruction and Development (EBRD), which has been supporting economic transition in former Eastern Bloc countries and Soviet republics for the last two decades.

ECB jumps back in after lukewarm Italian sale

Last Updated: Thursday, December 29, 2011, 19:22

The euro sank to its lowest since September 2010 against the dollar on Thursday while the European Central Bank moved to support Italian bond markets after a debt sale did little to settle nerves about a daunting first quarter for Rome's finances.

BNP, Socgen deny reported plan to raise $9.4 bn?

Last Updated: Monday, October 10, 2011, 09:26

Top French banks BNP Paribas (BNPP.PA) and Societe Generale denied a report that they could seek to raise a combined 11 billion euros ($14.8 billion) as part of a broader European bank recapitalization plan.