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Business / Europe

Trial in Turkey Exposes Political Divide

Fifty-six alleged coup plotters are set to go on trial in a case that has exposed deep fissures over how to assure the future of Turkey's secular democracy.
Wall Street Journal Mon, 20 Jul 2009 09:03:51 EDT

Lloyds, RBS could face break-up -report

Lloyds Banking Group and the Royal Bank of Scotland may have to sell part of their businesses under proposals to be announced by the Conservatives on Monday, the Times newspaper reported.
tiscali.co.uk Mon, 20 Jul 2009 07:25:04 GMT

CIT to stave off bankruptcy -source

NEW YORK (Reuters) - CIT Group Inc's <CIT.N> board signed off on a deal late Sunday for $3 billion (1.8 billion pounds) in rescue financing from a group of bondholders, in a plan the lender hopes will stave off bankruptcy, a source close to the sit...
tiscali.co.uk Mon, 20 Jul 2009 07:25:04 GMT

FTSE seen opening higher

The FTSE 100 is seen opening 23-32 points higher on Monday, or as much as 0.7 percent, tracking strength in Asia on strong corporate earnings and a last minute $3 billion rescue of U.S. lender CIT Group <CIT.N>.
tiscali.co.uk Mon, 20 Jul 2009 07:25:04 GMT

Press Releases: 'At-retirement' market set for rapid growth in the next five years

Watson Wyatt predicts the UK ?at-retirement? market for financial products will grow by over 60 per cent during the next five years to £23.1 billion, from £14.1 billion at the end of 2008. [Europe]
Watson Wyatt Mon, 20 Jul 2009 06:00:00 EST

Press Releases: Buy-ins replaced by DIY swaps in the race to hedge risk

Pension funds are now more likely to design their own ways of hedging risk than buy a bulk annuity solution because of advances in longevity swaps and current market conditions, according to Watson Wyatt. [Europe]
Watson Wyatt Mon, 20 Jul 2009 06:00:00 EST

Press Releases: Continued high pension deficits drive the summer of scheme closures

UK ? July 14, 2009 ? Figures published by the Pension Protection Fund (PPF) today show pension scheme funding levels for all UK pension schemes have further deteriorated. At the end of June, assets were £200 billion less than the cost of securing the benef...
Watson Wyatt Mon, 20 Jul 2009 06:00:00 EST

KKR reveals Dutch IPO terms

The US private equity group plans to list on the Amsterdam stock exchange after the independent directors of its Dutch-listed fund approved a merger with KKR staff and owners to receive 70% of the combined entity
FT Mon, 20 Jul 2009 05:10:45 +0100

EU must 'share burden' of banks

Business groups call for political decisions on crisis co-ordination when cross-border institutions get into trouble as part of proposed reforms of Europe's financial supervisory system
FT Sat, 18 Jul 2009 03:04:12 +0100

Regulators cautious on new Lufthansa terms

European competition officials to seek further clarification on the improved concessions offered by the German carrier as part of its effort to take over Austrian Airlines
FT Fri, 17 Jul 2009 22:46:34 +0100

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