Organisation: SRM

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

business

Eurozone may use SRM borrowing to prevent shocks

The eurozone’s Single Resolution Mechanism could use its borrowing ability to cushion shocks to countries whose financial systems are roiled by major bank failures, Dutch finance minister Jeroen Dijsselbloem said.

business

Eurozone told back fund to shut zombie banks

comment-analysis

Step in right direction to help banks

business

EU chief backs call for faster bank fund

business

Schaeuble disagrees with ECB over attempt to pool bank levies

business

Taxpayers ‘still liable’ for failing banks

ECB leaves interest rateunchanged at 0.5%

The ECB left the main interest rate unchanged at 0.5% at its October meeting. The bank’s president, Mario Draghi, said that he was leaving open all policy levers at his disposal to ensure that the fragile recovery remained on track.

Thu, 03 Oct, 2013

Plan to deal with problem banks to be unveiled today

A detailed proposal to restructure or wind up problem banks with minimal cost to taxpayers while countries build up funds to pay the cost in the longer term will be announced by the European Commission today.

Wed, 10 Jul, 2013

Commission changes BSE controls

A DECISION by the EU Commission in relation to BSE controls will remove a significant cost for meat processors in Ireland and enable them to boost returns to livestock farmers, the Irish Creamery Milk Suppliers has claimed.

Sat, 26 Apr, 2008

Rock nationalisation goes to parliament

UK Chancellor Alistair Darling will today put forward emergency legislation in Parliament to nationalise Northern Rock.

Mon, 18 Feb, 2008

Virgin 'leading race to win Northern Rock'

Richard Branson’s Virgin is the clear favourite to win crisis-hit British bank Northern Rock but must offer better terms to seal the deal, it was reported today.

Wed, 13 Feb, 2008

Brown signals Northern Rock could be nationalised

Gordon Brown delivered his strongest signal yet that stricken bank Northern Rock could face nationalisation.

Wed, 16 Jan, 2008

Northern Rock could be nationalised, says Brown

British Prime Minister Gordon Brown tonight delivered his strongest signal yet that stricken bank Northern Rock could face nationalisation.

Tue, 15 Jan, 2008

Darling faces fresh attacks in relation to Rock crisis

UK Chancellor Alistair Darling suffered fresh attacks over his handling of the Northern Rock crisis today amid speculation that the crippled lender faces imminent nationalisation.

Mon, 14 Jan, 2008

Northern Rock sells £2.2bn of mortgages

Northern Rock said today it has agreed to sell £2.2bn (€2.9bn) of its mortgage assets to a US investment bank.

Fri, 11 Jan, 2008

Rock shareholders seek more say over future

A third major shareholder in crisis-hit lender Northern Rock today lent its backing to plans giving investors a bigger say over the future of the stricken firm.

Wed, 09 Jan, 2008

Battle for Northern Rock to intensify

The battle for crisis-hit British bank Northern Rock looks set to intensify this week as a number of suitors re-table bids to rival the one put forward by Virgin, it was reported today.

Sun, 02 Dec, 2007

Northern Rock shares soar as hedge fund builds stake

Beleaguered mortgage lender Northern Rock’s shares surged nearly 25% today after a Monaco-based hedge fund built up a 4% stake in the business.

Wed, 10 Oct, 2007

FTSE sees downturn

Credit checking company Experian led a downturn for the London market today as it warned of the impact of tough conditions in UK and US financial markets.

Wed, 10 Oct, 2007

Government investigate possible BSE export

The Department of Agriculture is examining reports that an export of beef contained a banned substance, a possible carrier of BSE.

Fri, 03 Jan, 2003