Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Banks are the backbone of Switzerland's economy, accounting for 12% of national GDP, and for decades they have been central to the Swiss view of themselves. But the past few months have not been good for the industry, and in particular UBS, which has been under a cloud since...
All that news does not please the fiscally conservative and risk-averse Swiss. A $60 billion government rescue package for banks wasn't too welcome, either. Nor was UBS's announcement that it will pay out an estimated $1.77 billion in bonuses this year. As Zurich's daily newspaper, Tages...
Irish voters are now venting their rage. On Feb. 21, the country saw its biggest public demonstration in a generation as 120,000 people took to the streets of Dublin. Most were civil servants protesting a levy on public-sector pensions, which the government says will save the country $1.2...
A month on, though, and the joke's looking less funny and more like an accurate prediction. Ireland's banks are edging ever closer to the brink of meltdown, and some analysts say six months looks a little too generous.
Take Allied Irish Banks. The country's biggest lender revealed this week that its pretax profit dropped 62% in 2008. The bank's share price slid 90% last year. In any other country, worried customers would already be queuing to withdraw all their money. But so far Ireland has avoided...