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Euro zone business lending picked up
Lending to euro zone companies accelerated for the third straight month. European Central Bank data showed that reversing in part a steady decline in the early...
Uniper secures $11 BLN credit lines
German utility Uniper said that it has secured credit facilities worth up to 10 billion euros ($11.3 billion) from parent Fortum and state bank...
Bankia insurance business taken over by Caixa Bank from Mapfre
Spanish insurer Mapfre said that it had sold its stake in Bankia’s insurance business to Caixabank in a 571 million-euro ($645.12 million) deal. This is although...
$61.5 MLN fined by StanChart for misreporting liquidity position
The Bank of England said that it was fining Standard Chartered 46.55 million pounds ($61.51 million). This is for misreporting its liquidity position to the regulator...
Renault’s China JV with brilliance
Renault confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash. Hence, they are heading for...