On the final Monday of 2019, protesters staged a sit-in at the Beirut offices of Bank Audi, Lebanon’s largest bank. Chants of “We want the money!” were heard as the furious protesters—many of them Audi’s clients—demanded that tellers give them their funds.
Around the turn of the year, credit-rating agencies Fitch and Moody’s both upgraded their outlooks for Ireland’s banking system. Their favourable views were largely based on the expectation of improving credit fundamentals in 2016 and 2017
The Canadian economy is at a critical juncture. It has very recently managed to escape from the brief recession it slipped into in 2015’s third quarter; but consumer debt has spiralled, unemployment has gradually been ticking upwards, the housing bubble is
Within the industry-wide disaster experienced by Eurozone banks thus far in 2016, Italy has managed to clearly stand out as the group’s worst-performing member.
The process of repair of the EU (European Union) banking sector is well underway. Regulatory pressures combined with banks’ own efforts to boost their resilience have seen capital ratios strengthened significantly.
The Banking Union project, launched in the summer of 2012, was key to reversing the fragmentation trends that were threatening the Eurozone at the time.
Vietnam’s banking sector began 2015 on a positive note, with Moody’s having upgraded the financial system from “negative” to “stable” in mid-December. According to the credit-ratings agency, the improvement reflected the “increased stability in the
Crowdfunding has been defined as an effort by various parties based around the world to pool their resources together in order to collectively support a project, initiated by an individual or an organisation.
During their visits to various Southeast Asian countries in October 2013, China’s president, Xi Jinping, and premier of the State Council, Li Keqiang, announced their first plans for the creation of the Asian Infrastructure Investment Bank (AIIB).