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Saturday, November 21, 2009
News Making Money

EBRD: Parent Banks Reaffirm Commitment to Romania

20/11/2009 13:48 (1 Day 09:06 minutes ago)

The FINANCIAL -- In a meeting of the European Bank Coordination Initiative Group, held on November 19 in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates, and in line with the results of stress tests conducted by the National Bank of Romania (NBR).

Moody's reviews Rosbank's Baa3/P-3/D ratings for downgrade (Russia)

20/11/2009 13:45 (1 Day 09:09 minutes ago)

The FINANCIAL -- Moody's Investors Service has on November 19 placed on review for possible downgrade the following global scale ratings of Rosbank: bank financial strength rating ("BFSR") of D, long-term and short-term global local and foreign currency deposit ratings of Baa3/Prime-3 and local currency senior unsecured debt rating of Baa3.

Moody's Interfax downgrades the rating of Interregional Investment Bank (Russia)

20/11/2009 12:42 (1 Day 10:12 minutes ago)

The FINANCIAL -- Moody's Interfax Rating Agency has on November 19 downgraded the national scale rating (NSR) of Interregional Investment Bank to C.ru from Baa1.ru. MOSCOW -based Moody's Interfax is majority owned by Moody's, a leading global rating agency.

American Express to Acquire Revolution Money to Develop Next Generation Payment Products

19/11/2009 11:56 (2 Day 10:58 minutes ago)

The FINANCIAL -- American Express Company on November 18 announced it has agreed to acquire Revolution Money, a Revolution LLC company.

World Bank Affirms Support to Indigenous Peoples in Designing Climate Change Responses

19/11/2009 11:19 (2 Day 11:35 minutes ago)

The FINANCIAL -- World Bank Group President Robert B. Zoellick on November 18 opened a roundtable discussion on Indigenous Peoples and Climate Change by saying that Indigenous Peoples carry a “disproportionate share of the burden of climate change effects.”

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (09:00 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (2 Day 10:15 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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