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  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home/asymptot/public_html/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
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  • strict warning: Non-static method view::load() should not be called statically in /home/asymptot/public_html/modules/views/views.module on line 879.

CSSF, the financial regulator in Luxembourg, blocks KBC's sale of KBL European Private Bankers to Hinduja Group

The Hinduja Group’s ambitions to expand its private banking operations in Europe suffered a setback on Tuesday after its purchase of KBL European Private Bankers was thwarted by regulators.

KBC, the Belgian group looking to divest its private banking subsidiary, said on Tuesday that the €1.35bn ($1.87bn) deal announced in May would not go through.

The bank said the Luxembourg financial sector regulator, the CSSF, had stopped its evaluation of the acquisition on Monday after concluding that it was unlikely to approve the deal.

Since the politicians read it before the extra EU summit on Friday- you might as well: the 2011 EEAG Report

The EEAG Report on the European Economy 2011

Executive Summary


ECB wants to unload its PIIGS debt to EFSF

During the crisis, the European Central Bank began buying up bonds from debt-ridden countries like Greece. Now the bank wants to transfer responsibility for those securities to the EU's euro rescue fund EFSF.


If ECB rate increase in April shall be the exception and not a beginning unions must ignore the price increase of commodities

Jean Claude Trichet, the governor of the European Central Bank - in his last week’s press conference after the governing council meeting of 3 March - was adamant, not only on the monetary policy ECB will follow over the coming months. He also had strong messages for governments and the social partners.

Trichet appeared very determined on a possible increase of ECB’s interest rates, making it look like this increase is rather more plausible than not. He rushed however, to make a clear distinction between standard and extraordinary measures, meaning by this that even if an interest rate increase materialises next month, ECB will keep intact its extraordinary measures in financing the Eurozone’s banks with ample and almost zero cost loans.

He also said that an interest rate increase in April will not initiate a series of the kind. If one takes into account his other remarks about a strong reprisal of economic activities in the Eurozone and a prediction that inflation will recede in the medium term, it is more that certain that the April increase will be the exception and not a beginning.

Europe's Conservative Leaders Call for Conditions on Bailouts

Europe's conservative leaders, meeting here Friday to plot a response to the Continent's persistent sovereign debt crisis, said they were committed to pushing tough economic reforms as the price of aid to weak states.

They also made clear that private investors who lend to euro-zone countries would, in the future, face losses if those countries got in trouble. So far in Europe's bailouts, taxpayers have paid the entire cost.

"We have to make sure there is really a concrete risk to lose money," said Jyrki Katainen, Finland's deputy prime minister and the gathering's host.

ECB - the hint is there - Trichet Says Rates May Rise Next Month - official statement

European Central Bank President Jean-Claude Trichet Thursday signaled that the central bank could raise interest rates next month for the first time since the darkest days of the financial crisis in 2008.

Mr. Trichet warned that risks of inflation in the euro zone "are to the upside" and that "strong vigilance" is required to ensure that the rise in commodity prices recently doesn't translate into a generalized increase in inflation.

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.

Twitter and Your Social Customer Relationship Management Strategy

Many companies are adding twitter to their Social CRM arsenal and if used properly can warrant a lot of success. It’s easy to see the value in Facebook and blogging, but some people struggle in finding the worth of 140 characters.

Before you can start your customer contact, you need to understand the realm of Twitter, what is expected and ultimately, what works. After all, you wouldn’t just put any old text on a billboard. There is marketing and research that goes along with any advertising and tweeting should be no different.

asymptotix - identifiable preferably private sector users



this is a 'be nice to customers' place


The Financial Crisis of 2015 - An Avoidable History

(5 February 2011) For all the rhetoric about a new financial order and improvements made since the start of the financial crisis in 2008, many risks remain and it would take little to create a fresh crisis, consultancy Oliver Wyman said in a report released Wednesday at the World Economic Forum in Davos. The report "The Financial Crisis of 2015: An Avoidable History" looks at a hypothetical bankruptcy of a bank in 2015 and tries to piece together shortcomings in the banking system in the four years leading to the collapse.

The consultancy said the report uses the hypothetical scenario to stress-test the design of the current financial system, and concludes that many risks that were present before and during the financial crisis remain. The basic regulatory framework which existed before the crisis, featuring bank-debtor guarantees and minimum levels of bank liquidity and capital, has been maintained with "tweaked parameters," the consultancy said. And bank shareholders, bondholders and executives still have incentives that might herd them towards excessive risk-taking, it adds.

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