Business in EuropeEuropean Economy Business Blog |
AP - The chief executive of HSH Nordbank, Hans Berger, resigned on Monday in the wake of the heavy losses incurred by the state-owned bank from the financial crisis.
Comments Off AP - The Swedish state will take control of troubled investment bank Carnegie and sell it off after the country's financial regulator revoked its banking license due to illegal trading activities.
Comments Off AFP - The global economic storm raged unabated on Monday with fresh warnings of recession, lost earnings and mass job cuts but a huge Chinese economic stimulus plan boosted world stock markets.
Comments Off Reuters - Stocks opened higher on Monday, with big U.S. exporters including General Electric leading gains following China's plan of a multibillion economic stimulus to shore up the world's fourth-largest economy.
Comments Off AP - Sweden's financial regulator says it has revoked the banking license from troubled investment bank Carnegie and that Sweden's national debt office will take control of the bank.
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