Fitch Ratings says in its latest Macro-PrudentialRisk Monitor that global real lending growth should pick up to 4% this year, after having slowed to 2.5% in 2012, as credit contraction in the developed world and emerging Europe ends while EM growth continues, albeit slowing. This would take lending growth back […]
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Regulator fines Bank of Cyprus for non-disclosure on Greek debt
Cypriot financial regulators have fined Bank of Cyprus BOC.CY and six of its former executives for failing to give shareholders information on the lender’s Greek government bond holdings, which almost bankrupted it. Large depositors were forced to recapitalize the bank this year after it reported massive losses on its Greek […]
Cottarelli of IMF Resigns for Position with Italian Government
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Friday said Carlo Cottarelli, its Director of the Fiscal Affairs Department has given a notice to resign for a position with the Italian Government. According to the IMF, Cottarelli’s resignation will be with effect on October 22 […]
