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    August 2012
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  • Archive for August 10th, 2012

    Libor needs to be replaced, say Sir Mervyn King

    Friday, August 10th, 2012

    Libor has stopped working and should be replaced, said Sir Mervyn King, Governor of the Bank of England, the Daily Telegraph reports

    Greek banks bid for Crédit Agricole unit

    Friday, August 10th, 2012

    Crédit Agricole received offers Wednesday evening from three Greek banks for selling its local lossmaking subsidiary Emporiki Bank in a signal of disengagement from the country, reports

    June’s mortgage loans total AMD 120.7 bln in Armenia

    Friday, August 10th, 2012

    Mortgage loans allocated by the commercial banks of Armenia in June jumped by 3.3% to 120.7 billion drams from May, according to the data available on Armenian Central Bank’s website