nationalisation

Nationalisation stalk the banking system

22 Jan 2009 06:21:33 GMT

How to explain another week of bail-outs, billion-dollar losses and brutal bank sell-offs...

Wall Street humiliated by nationalisation of banks

15 Oct 2008 02:18:34 GMT

The US government is set to become the largest shareholder in its national banks, pumping in $250bn (拢143bn) to prop up its financial system and marking one of the most startling moments in a credit crisis that has broughtquasi-nationalisation to the home of free-market capitalism...

Japan MOF: nationalising banks could help credit

24 Mar 2009 09:13:50 GMT

TOKYO, March 24 - Nationalising commercial banks may be an option to revive the world's credit markets, a senior Japanese Ministry of Finance official said on Tuesday. "Maintaining credit to enterprises is important to make...

WRAPUP 1-Germany eyes bank nationalisation as sector reels

19 Feb 2009 02:13:07 GMT

BERLIN, Feb 18 - Germany stepped up efforts to stabilise its banking sector on Wednesday, approving a draft law allowing forced nationalisations and saying it would use its new powers to take control of lender...

TOPWRAP 5-Bank woes forces Germany into nationalisation law

19 Feb 2009 02:03:44 GMT

* Germany approves law on bank nationalisations * Obama housing package released * U.S. carmakers seeking more government aid * France's Sarkozy to try to reassure unions LONDON, Feb 18 - Germany moved a step...

TOPWRAP 4-Bank woes forces Germany into nationalisation law

19 Feb 2009 02:03:39 GMT

* Germany approves law on bank nationalisations * Obama to unveil housing package * U.S. carmakers seeking more government aid * France's Sarkozy to try to reassure unions * China official warns of instability LONDON,...

TOPWRAP 3-Germany backs law on bank nationalisations

19 Feb 2009 02:03:34 GMT

* Germany approves law on bank nationalisations * Obama's stimulus package fails to soothe markets * U.S. carmakers seeking more government aid * China official warns of instability (For more on the financial crisis, click...

Politician urges Britain to nationalise RBS, Lloyds

21 Jan 2009 07:49:18 GMT

LONDON, Jan 21 - The chairman of the British parliament's Treasury Committee urged the government on Wednesday to nationalise Royal Bank of Scotland and Lloyds Banking Group as the global financial crisis deepens....

UPDATE 1-Ireland to nationalise Anglo Irish Bank

16 Jan 2009 01:55:32 GMT

DUBLIN, Jan 15 - The Irish government said on Thursday it would nationalise Anglo Irish Bank because its viability was of systemic importance to Ireland, adding that the bank remained solvent and would continue to...

UK to nationalise Bradford & Bingley

28 Sep 2008 02:18:50 GMT

LONDON, Sept 27 - The British government has taken a decision to nationalise troubled British lender Bradford & Bingley , the BBC reported on Saturday. B&B's branch network will be sold to one or more...

Risks to nationalised UK bank known in 2004

31 May 2009 01:51:22 GMT

British regulators identified Northern Rock as a weak link in Britain's banking system during planning exercises three years before the bank collapsed...

COLUMN-AIB's last chance to avoid nationalisation:Margaret Doyle

5 May 2009 12:19:34 GMT

-- Margaret Doyle is a Reuters columnist. The opinions expressed are her own -- LONDON, May 5 - Eugene Sheehy told investors last October that he'd rather die than raise equity. Luckily the Allied Irish...

UPDATE 3-Germany bids for Hypo in step to nationalisation

9 Apr 2009 10:08:09 GMT

* German government offers 1.39 euros per share * Bank rescue fund says hopes to complete offer swiftly * Flowers to study offer, wants to remain shareholder * Hypo's shares gain 15.1 percent to near...

TIMELINE-Hypo Real Estate's path to nationalisation

9 Apr 2009 09:31:49 GMT

April 9 - The German government has unveiled a takeover offer for Hypo Real Estate, the investment bank that has been propped up with more than 100 billion euros ($132.8 billion) in guarantees, mostly from...

UPDATE 1-German govt agrees bank nationalisation law-sources

18 Feb 2009 02:12:30 GMT

BERLIN, Feb 17 - The German government has agreed on a draft law to increase aid for its struggling lenders which would enable the country to seize private property for the first time in postwar...

ANALYSIS-Will United States be forced to nationalise banks?

16 Jan 2009 09:45:19 GMT

NEW YORK, Jan 16 - The U.S. government's latest bank rescue, this time a multi-billion dollar lifeline handed to Bank of America, has led to more talk of what once would have been unthinkable --...

UPDATE 2-Ireland nationalises Anglo Irish Bank

16 Jan 2009 01:58:39 GMT

* Government takes full control of Anglo Irish Bank * Anglo Irish Bank is solvent but in "fragile position" * All Irish banks have considerable bad debts * Irish banking system is well capitalised and...

Kazakhstan adopts law allowing bank nationalisation

23 Oct 2008 02:21:44 GMT

ASTANA, Oct 22 - Kazakhstan adopted legislation on Wednesday allowing the state to buy stakes in distressed banks as part of a financial stabilisation package. Kazakh banks have suffered from the global credit crunch after...

Bank rescues risk skewing competition

3 Feb 2009 06:51:13 GMT

State intervention to rescue banks and prevent a collapse of the financial system was essential but may inadvertently skew competition between lenders, senior executives say...

ANALYSIS-Crunch time looms for Austria's 2nd tier banks

16 Nov 2009 14:11:01 GMT

* Hypo, Volksbanken forecast big rise in 2009 losses * Talks underway to determine shape of capital raisings * Nationalisations, break-ups, mergers all possible VIENNA, Nov 16 - A second year of huge losses at...

ANALYSIS-Resource nationalism ups political risk premiums

6 Nov 2009 01:11:38 GMT

* Pricing risk of nationalisation, expropriation * Strong demand for insurance on heightened risk awareness * Resource project in Russia almost uninsurable * Heightened prospect of unrest from financial crisis LONDON, Nov 5 - Polit...

ANALYSIS-Loyalty card, network key to Tesco bank ambitions

24 Sep 2009 10:08:44 GMT

* Firm to leverage store network, customer base, brand * Clubcard key to attracting, retaining customers * Tipped to bid for nationalised assets, analysts sceptical * Firm to present on banking business on Nov. 19-20...

UPDATE 4-Banks may seek split-up of Japan Airlines-sources

22 Sep 2009 09:16:50 GMT

* Banks may seek split of healthy ops & loss-makers -sources * Reluctant to lend more without restructuring, govt help * Possible temporary nationalisation of 'new' JAL - Nikkei * JAL to suspend 50 unprofitable...

UPDATE 3-Lenders may carve out JAL's profitable operations

22 Sep 2009 06:41:28 GMT

* Lenders may split profitable ops from loss-makers -sources * Reluctant to lend more without restructuring, govt help * Possible temporary nationalisation of 'new' JAL - Nikkei * JAL to suspend 50 unprofitable routes including...

UPDATE 2-Lenders may carve out JAL's profitable operations

22 Sep 2009 03:46:14 GMT

* Lenders may split profitable ops from loss-makers - sources * Reluctant to lend more without restructuring, govt help * Possible temporary nationalisation of 'new' JAL - Nikkei (Adds sources, comment, background) TOKYO, Sept 22...

UPDATE 1-Any Anglo Irish prosecutions could take yrs-Minister

15 Sep 2009 05:15:56 GMT

* Bank appoints new chief risk officer ATHLONE, Ireland, Sept 14 - Ireland's Finance Minister signaled on Monday that it could take years for any prosecutions to arise from an investigation into practices at nationalised...

UPDATE 1-Russian workers protest slashed wages at Lada maker

6 Aug 2009 11:58:32 GMT

* 2,000 workers gather in Togliatti to protest * Protests are test case for Putin's government TOGLIATTI, Russia, Aug 6 - Hundreds of workers at Russia's biggest carmaker demanded on Thursday that the state nationalise...

Russian workers protest slashed wages at Lada maker

6 Aug 2009 08:12:53 GMT

* 1,500 workers gather in Togliatti to protest * Protests a test case for Putin's government TOGLIATTI, Russia, Aug 6 - Hundreds of workers at Russia's biggest carmaker on Thursday demanded the state nationalise the...

South Africa's ANC plans state mining firm

14 Apr 2009 15:07:02 GMT

* ANC plans state mining firm * Party says will not nationalise mines * Mine safety a big ANC priority JOHANNESBURG, April 14 - South Africa's ruling ANC plans to set up a state mining...

UPDATE 1-Trichet says G20 decisions should be introduced quickly

9 Apr 2009 06:41:24 GMT

* Sees progressive introduction of G20 regulatory measures * Market correction still underway * Sees options on bank nationalisation (Adds further Trichet comments) MILAN, April 9 - European Central Bank President Jean-Claude Trichet said recent...