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Congress Bailouts

  • *Tsipras has battled Greece's creditors since winning power. *Government planning "new Greece" after bailout exit. Since taking power in early 2015, he has spent most of his days and nights in firefighting mode, battling Greece's creditors to renegotiate the harsh terms of a series of bailout deals.

  • ULAANBAATAR, Sept 21- A boom in the coal trade in Mongolia has helped elevate the country's benchmark stock index and pump the tiny exchange's market capitalisation to five-year highs as optimism about the economy grows following a bailout deal. Mongolia has helped fill a supply gap following Beijing's ban on imports from North Korea and some smaller ports, as...

  • A national flag flies above the headquarters of the Central Bank of the Russian Federation in Moscow.

    Russia's central bank agreed to rescue B&N Bank by injecting extra capital.

  • ATHENS, Sept 20- Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout and resume normal financing operations. Major holders included banks and pensions funds in Greece and abroad. Two years later in 2014, Greece made two forays as part of a plan to regain full bond...

  • LISBON, Portugal— Portugal's stock market is surging and its government borrowing rates are falling after the country recovered its investment-grade rating from Standard& Poor's. S&P said late Friday that Portugal has made "solid progress" in restoring its financial health since needing a 78 billion-euro bailout in 2011 amid the eurozone crisis.

  • *Treasury considering a 13 billion rand bailout. CAPE TOWN, Sept 13- South African Airways will fly 23 percent fewer flights by the end of the year as it retires five aircraft, the national carrier said on Wednesday, part of a revamp aimed at returning to profit. South Africa's Treasury is considering a 13 billion rand bailout to keep SAA going as bankruptcy could...

  • NEW DELHI, Sept 7- India could sell stakes in state-owned companies to fund a bank recapitalisation and revive growth without straying from the path of fiscal consolidation, a former head of the central bank said on Thursday. Stronger, better-managed banks should be given the capital they need to absorb losses as a matter of high priority, Raghuram Rajan, who left...

  • DUBLIN, Sept 7- Ireland is to seek early repayment of 5.5 billion euros of loans taken under its 2010 EU-IMF bailout and hopes to save around 150 million euros by refinancing the money at cheaper rates, Finance Minister Paschal Donohoe said on Thursday. The loans were part of a 64 billion euros EU-IMF bailout taken by Ireland after a property crash triggered a...

  • MOSCOW, Sept 1- Russia's Otkritie bank has a hole in its balance sheet that could be as large as $6.9 billion, a central bank deputy governor told Reuters, a shortfall that would make the bailout now underway the biggest in Russia's history. Earlier this week, the central bank announced it was taking over control of Otkritie, Russia's largest private bank, saying the...

  • MOSCOW, Aug 30- The rise of Russia's Otkritie bank- brought to an abrupt halt this week with a central bank bailout- was a tale of breakneck growth, lavish parties and support from within President Vladimir Putin's inner circle. At a time when Russia's biggest banks were retrenching due to the world economic slowdown and Western sanctions on the country, Otkritie...

  • Russia's central bank stepped in on Tuesday to take at least a 75 percent stake in Otkritie, the country's biggest privately-owned bank, to plug a hole in its balance sheet. It was the biggest Russian bank bailout since 2011, when the central bank stepped in to rescue the mid-sized Bank of Moscow. The bailout of Otkritie, Russia's seventh-biggest lender by assets,...

  • Russia's central bank stepped in on Tuesday to take at least a 75 percent stake in Otkritie, the country's biggest privately-owned bank, to plug a hole in its balance sheet. It was the biggest Russian bank bailout since 2011, when the central bank stepped in to rescue the mid-sized Bank of Moscow. The bailout of Otkritie, Russia's seventh-biggest lender by assets,...

  • Russia's central bank stepped in on Tuesday to take at least a 75 percent stake in Otkritie, the country's biggest privately-owned bank, to plug a hole in its balance sheet. It was the biggest Russian bank bailout since 2011, when the central bank stepped in to rescue mid-sized lender Bank of Moscow. The bailout of Otkritie, Russia's seventh-biggest lender by...

  • Elvira Nabiullina, Russia's central bank governor, pauses during a news conference to announce interest rates in Moscow, Russia, on Friday, June 16, 2017.

    Russia's central bank stepped in to launch one of the largest bank rescues in the country's history, stoking fears of a possible systemic crisis in its banking sector.

  • A branch of Otkritie Bank, one of Russia's biggest private lenders, in central Moscow.

    Russia's central bank launched one of the biggest banking bail-outs in its history on Tuesday, saying it would rescue troubled private lender Otkritie which has suffered a sustained run on its deposits amid worries about its loan portfolio.

  • A man exits the American International Building, world headquarters of American International Group (AIG).

    American International Group Inc's new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent.

  • NEW YORK, Aug 27- American International Group Inc's new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. "He comes with a visible long-term track record in terms of inspiring the operations and leading the personnel," said Mac Sykes, an analyst at investment firm...

  • MILAN, Aug 24- The Italian government faces a paper loss of more than 30 percent on its 3.85 billion euros rescue of troubled lender Monte dei Paschi di Siena, according to grey-market trading in the bank's new shares. In July, Rome bailed it out, paying 6.49 euros per share for a controlling stake. A price of 4.14 euros would represent a paper loss of about 1.39 billion...

  • LONDON, Aug 23- Italian government bonds steadied Wednesday after a report that Germany is working on a scheme to let southern countries tap the euro zone's bailout fund for investment during downturns. The yield on Rome's benchmark debt, which moves inversely to the price, jumped as much as 9 basis points to a three-week high of 2.13 percent on Tuesday on...

  • LONDON, Aug 23- Italian government bonds steadied Wednesday after a report that Germany is working on a scheme to let southern countries tap the euro zone's bailout fund for investment during downturns. The yield on Rome's benchmark debt, which moves inversely to the price, jumped as much as 9 basis points to a three-week high of 2.13 percent on Tuesday on...