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June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

May, 10 Berkshire Hathaway - Net loss in 1Q 2009 amounted to 1.53 billion U.S.

May, 8 U.S. banks back the State for more than $25bn received under the troubled asset relief program (TARP).

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World Bank


World BankWorld Bank is an internationally supported bank that provides financial and technical assistance to developing countries for development programs with the stated goal of reducing poverty. The World Bank was formally established on December 27, 1945, following the ratification of the Bretton Woods agreement.

The Bank's mission is to aid developing countries and their inhabitants achieve development and the reduction of poverty, including achievement of the MDGs, by helping countries develop an environment for investment, jobs and sustainable growth, thus promoting economic growth through investment and enabling the poor to share the fruits of economic growth.

Headquarters:Washington, USA
Leadership:Robert B. Zoellick, President
Founded:1945
Web:www.worldbank.org
ID: 1286


Business and Financial News

The European Central Bank injects €442 billion into banking system - 25.06.2009
The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
 
More credit card rules could hurt Visa and MasterCard - 23.06.2009
Visa Inc and MasterCard Inc, the world's largest payment networks, could face lower revenue and pressure on their stock prices amid a push for increased U.S. regulation of credit cards.
 
Top 100 banks saved from bankruptcy - 23.06.2009
Since October 1, 2008, Russian banks have repaid $50 billion worth of loan payments, Finance Minister Alexei Kudrin said at a banking conference in Moscow today.

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