By Jack Farchy, Isis Almeida, Andy Hoffman and Ruben Munsterman When Marc Rich needed $ 100 million to buy Iranian and to kick-start what would become the world’s largest commodities trader, he turned to French bank Paribas. When a group of traders needed the money to take over Vitol andRead More →
PARIS (Reuters) – More than 360 billion euros ($425 billion) in loans at Europe’s biggest banks have been subject to payment halts or other coronavirus relief measures, but the big question is whether borrowers will be able to resume payments when support ends. FILE PHOTO: A man walks towards theRead More →
People wearing face masks walk in front of a large euro sign in Frankfurt Main, western Germany, as the headquarters of the European Central Bank (ECB) can be seen behind -plan on April 24, 2020. Yann Schreiber | Getty Images Question marks persist for major European banks as they enterRead More →
Credit: Shutterstock image by Belikova Oksana Cities located on more than one continent are said to be transcontinental and there are five of them in the world. Istanbul, a city located both in Europe and Asia, is a bridge between the two continents. The city of Suez is an importantRead More →
European banks face credit losses of up to 800 billion euros ($947 billion) over the next three years in a worst-case scenario, according to a Olivier Wyman report. In case the region isn’t hit for a second COVID-19[feminine] vague, a sharp increase in unsecured loan losses could still cost banksRead More →