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Europe's Signa toppled in property rout
Reuters via Yahoo Finance· 5 months agoVIENNA/FRANKFURT (Reuters) -Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed,...
Loans to Russian soldiers fuel calls for European banks to quit
Reuters via Yahoo Finance· 1 year agoBERLIN/LONDON (Reuters) -A Russian scheme to grant loan payment holidays to troops fighting in...
UPDATE 3-Austria's RBI earns growing share of profit from Russia
Reuters via Yahoo Finance· 1 year agoAustria's Raiffeisen Bank International, one of the European banks most exposed to Russia, earned more than half of its profit last year from Russia, a market it is considering exiting after ...
UniCredit, RBI among banks on hook for $2.4 bln in Signa loans -source
Reuters via Yahoo Finance· 6 months agoBanks in Austria had 2.2 billion euros ($2.35 billion) in exposure in mid-2023 to indebted property and retail giant Signa Group, owner of New York's Chrysler Building and Britain's Selfridges ...