The FINANCIAL -- Based on the staff costs, taxes paid and profits of the industry, it is estimated that the European asset management industry contributes an average of 0.35% per year to European GDP and has very significant potential to fill the gap left by banks in providing finance to European economy, according to Societal and Economic Impacts of the European Asset Management Industry, a ...

The FINANCIAL -- PARIS -- French President Francois Hollande said Friday that Europe must be flexible on budget rules to prioritize economic growth as the continent is threatened by a prolonged ...

The FINANCIAL -- Developed market European banks had the largest number of Viability Rating (VR) upgrades out of Fitch Ratings' global bank rating universe in 3Q14. The improvements in standalone ...

The FINANCIAL -- The EBRD is making a loan of up to €145 million to finance the modernisation of railway infrastructure in FYR Macedonia and to strengthen the country’s regional transport ...

The FINANCIAL -- The EBRD has further reduced its equity stake in Bank Zachodni WBK S.A. (BZ WBK), one of the three leading banks in Poland. The Bank sold 467,725 shares or 50 per cent of its ...