The president of Ukraine characterises his country’s economic outlook in the face of the current crisis as ‘difficult but not tragic’.
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Ukraine’s cry for help
March 10, 2009Ukraine’s banking system, loaded with external debt, has been one of the most exposed to the global credit crunch. IMF intervention is plugging the leaks for the time being but the country’s economic prospects remain bleak. Writer Nick Kochan.
Allegro Con Brio Fades for Italy
March 10, 2009Italian banks’ cautious approach has distanced them from the risky instruments and products at the heart of the economic crisis, yet prudence is more important than ever if they are to support the country’s ailing industries. Writer David Lane in Rome, Milan and Siena.
Out with the old
March 10, 2009The new chief executive of Iceland’s recently nationalised Kaupthing Bank, Finnur Sveinbjörnsson, spoke to Charlie Corbett about what lies ahead for the nation’s crippled banking sector and how the government can restore its credibility.
After the thaw
March 10, 2009The time for recriminations is over. Iceland’s political and financial system must be rebuilt, and fast, if it is to maintain the quality of life to which its people has become accustomed. EU membership is increasingly regarded as the only viable option but it will be hotly contested. Writer Charlie Corbett in Reykjavik.
Commerzbank’s new strategy for retail banking
March 10, 2009Through purchasing Dresdner Bank, Commerzbank has cemented its status as Germany’s number two retail bank. “Our geographic footprint broadens significantly, especially in important urban centres such as Munich, Berlin and Hamburg,” says Dr Achim Kassow, a member of the Commerzbank board of directors responsible for private, retail and small business banking.
Keeping funds flowing to Europe’s economic heart
March 10, 2009The tools appear to be in place for Germany’s real economy to maintain funding sources during the global downturn, but restructuring the country’s hard core of troubled banks remains a more complex problem. Writer Philip Alexander.
Partnership married with pragmatism
March 10, 2009The president of the Inter-American Development Bank explains how it will be working to help Latin American and Caribbean countries to help themselves in 2009.
Nigeria’s banks and the impact of the crisis
February 2, 2009Nigeria’s banks have so far been relatively insulated from the credit crisis in the West, but with external sources of capital rapidly drying up, how long can this situation last? Erastus Akinbola is chief executive of one of Nigeria’s leading banks, Intercontinental Bank, and president of the Chartered Institute of Bankers in Nigeria. He spoke to Charlie Corbett about the impact of the credit crisis on Nigeria’s banking industry.
Down but not out for the count
February 2, 2009Falling international equity markets have swept Africa’s capital markets along with them. But the world’s poorest continent will continue to improve the sophistication of its exchanges. Writer Stuart Theobald.