Finanzas
La Airef pide relajar el déficit a Extremadura, Murcia, Aragón, Cataluña y Valencia
Castilla-La Mancha, Galicia, Navarra, Baleares y Castilla y León son las que han abordado mayores esfuerzos. Valencia y Murcia, las peor financiadas
Germany’s biggest lender reaches a settlement with America’s Department of Justice
WELL, it might have been worse. Early on December 23rd Deutsche Bank announced that it had reached a settlement “in principle” with America’s Department of Justice (DoJ), over claims that it had mis-sold residential mortgage-backed securities (RMBSs) in 2005-07, in the run-up to the financial crisis. Deutsche says the agreement is worth $7.2bn—a far cry from the $14bn that the DoJ demanded in September, sending Deutsche’s share price reeling. Credit Suisse said that it too had struck a deal, worth $5.3bn. However, the DoJ is suing Barclays, with which it had also been negotiating, and two of its bankers. Barclays says it will fight the complaint.
Deutsche, Germany’s biggest bank, has always insisted that it would not pay anything like as much as the DoJ had asked for. Although $7.2bn is more than analysts had expected, investors will probably see the deal as good news: Deutsche will fork out only—“only”—$3.1bn in cash and pay the rest as “consumer relief”, such as changes to borrowers’ loans, which will be spread over five years. On the morning of the announcement the bank’s shares were trading 3-4% up.
Such…Continue reading
Credit Suisse pagará 5.000 millones a EEUU por empaquetar activos tóxicos
El principio de acuerdo alcanzado con la Justicia estadounidense incluye una multa por 2.300 millones y el resto, compensaciones a los clientes
Banco Sabadell cerrará 250 oficinas en 2017 y reducirá hasta 800 empleos
La reducción de la plantilla se hará mediante prejubilaciones y la no cobertura de bajas
Deutsche Bank desembolsará 6.900 millones por el empaquetado de deuda
El grupo financiero alemán es sancionado con 3.100 millones de dólares y el resto se destinará a compensar a los inversores por los abusos
El Gobierno italiano aprueba el rescate estatal del banco Monte dei Paschi
El Ejecutivo toma la decisión tras fracasar la entidad de Siena en su intento de captar 5.000 millones
El Gobierno italiano se reúne de urgencia para tratar el rescate de Monte dei Paschi
El banco fracasa en la búsqueda de 5.000 millones para el aumento de su capital
EE UU demanda a Barclays por el fraude de las hipotecas tóxicas
El Departamento de Justicia busca una compensación por los miles de millones en pérdidas que causó a los inversores
El Monte dei Paschi, abocado al rescate tras fallar en la búsqueda de capital
El bacno no logra captar los 5.000 millones de euros que necesitaba tras fracasar la entrada de un inversor internacional
More Americans will be flying over Christmas. Can airports cope?
SOME 45.2m passengers are expected to fly on America’s airlines during the three-week holiday season that began last Friday. That is 3.5% more than flew during the same period last year, adding volume to an already-high baseline: the days around Christmas and New Year typically see 23% more travel than the rest of the year.
That is likely to exacerbate the woes that plagued American airports in 2016 even when travel volumes were normal. The main problem has been that the Transportation Security Administration (TSA), in its wisdom, cut the number of screeners at security checkpoints. It did so anticipating that 25m people would sign up for its PreCheck programme, which allows pre-cleared passengers to bypass some security elements and speed up the process. Instead, fewer than 10m did. The result, predictably, was a worsening bottleneck at airports across the country. (The TSA is so desperate to encourage more people to sign up that it has hired a company to drive coaches around the country recruiting PreCheck members. We’ll see how that…Continue reading