Banks Vie With Nations to Sate $2T Funding Need
Europe’s banks will compete with their governments to borrow $2 trillion next year as the two groups refinance maturing bonds and bills.
Euro-area governments have to repay more than 1.1 trillion euros ($1.5 trillion) of long- and short-term debt in 2012, with about 519 billion euros of Italian, French and German debt maturing in the first half alone, data compiled by Bloomberg show. European banks have about $665 billion of debt coming due in the first six months, with a further $370 billion by the end of the year, according to Citigroup Inc., based on Dealogic data.
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Heineken Just Bought 918 British Pubs, To Become Biggest Pub Owner In UK
Dutch brewer NV says it has purchased Galaxy Pub Estate, owner of 918 pubs in Britain, from Royal Bank of Scotland PLC for 412 million pounds ($646 million) in cash.
All American Investor
CNBC Portfolio Challenge Bonus Bucks Answers for Friday, December 2
Euro Central Banks May Provide $270B Through IMF to Fight Debt Crisis
A European proposal to channel central bank loans through the International Monetary Fund may deliver as much as 200 billion euros ($270 billion) to fight the debt crisis, two people familiar with the negotiations said.
State sues big US lenders
Massachusetts Attorney General Martha Coakley is suing five major US banks for allegedlyseizing properties unlawfully and failing to help struggling borrowers keep their homes by lowering mortgage payments.
We Should Thank China for Its Currency Policy
If you wouldn't object to China sending products to the United States for free, then on what basis would you object to currency “manipulation” that allows you to purchase undervalued Chinese imports at a huge discount and great bargain?
Original content Bob DeMarco, All American Investor
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