EUROPEAN BANKS INCREASES PROFITS DURING ECONOMIC CRISIS. The European Central Bank (ECB) made 17 billion euros (24.26 billion dollars) thanks to the financial crisis, Dutch daily newspaper Volkskrant reported on Tuesday. Volkskrant calculated the ECB received 19.2 billion euros in interest originating from the nearly 14,000 billion euros in loans it provided since September 2008. Most banks subsequently deposited their loans with the ECB, which paid them 2 billion euros in interest. One 442-billion-euros loan provided to the bigger European ... Read More

LENIHAN TO DEAL WITH BAD BANK LOANS. Finance Minister Brian Lenihan is looking at a major change to NAMA. This change will prevent banks from handing over their bad loads for cash from the government. Mr. Lenihan is also expected to release more information on the NAMA purchases next month. For right now he is looking at everything everyone including the Green Party had to say ... Read More

Foreign Banks Getting Run Out of Ireland! The Irish Times has quoted Dutch Lender Rabobank as saying its no longer possible for foreign banks to trade in Ireland. This comes on the heals announcing it had set aside € 1 billion to cover losses on the € 4 billion loan book at the Irish subsidiary ACCBank. The Dutch Lender has ... Read More

Credit Agricole Sitting Pretty. During the second quarter the net income at Credit Agricole rose dramatically. The bank saw a strong jump in their investment of 201 million euros. Last year Credit Agricole saw a net income of only 76 million euros. Credit Agricole has completely implemented itself to be adaptive to the current economic situations. This has allowed Agricole to bend to meet the real economy. Georges Pauget, Chief Executive Officer stated, “this is not only relevant, but sound, ... Read More

National Asset Management Agency In Hot Debate. It appears as though a National Asset Management Agency (NAMA)is in the process of being established. This agency will ensure the state isn’t overpaying for toxic assets according to Minister Eamon Ryan has insisted. Mr. Ryan is the Green Party Minister, he has also insisted on changing the draft proposal for NAMA. He wants to ensure the first people paid with regard to the toxic assets are the speculators, developers and then ... Read More

Investment news! If you are investing in any United States banks be on the lookout. There appears to be a slowing and the possibility of a lull in the banking stock is beginning to look more to the point. There is good reason to begin to feel uneasy toward big bank stocks. The banks are still losing money but their stocks are on a continual upward motion. These stocks can’t continue going upward with the banks still failing. ... Read More

I am a writer from Dublin, Ireland. I am very interested in the stock market, my dad invested his pension into stocks over the last 30 plus years and has been hit pretty bad from the recession, especially he invested most of his stocks in the Irish stock market, which I believe was in the bottom 3 performing stock markets of 2008. I think about 50% of the value was wiped out in 2008 alone, he was recommended by some investors to put ... Read More