Co-op bank: Needs £1.5bn more capital
London - AFP
The Co-operative Bank on Monday said that it was putting in place a plan to increase its capital cushion by an additional £1.5 billion to tackle a hole in its balance sheet. The bank, which as a so-called mutual is owned by its 4.7 million customers, said in a statement that it would raise the new capital by issuing a bond and new shares, with £1.0 billion being raised this year and the remainder in 2014. \"We have put in place a detailed and comprehensive solution to meet the current and longer-term capital requirements of the Bank. In doing so we have agreed a plan to ensure its future,\" said Euan Sutherland, chief executive of The Co-operative Group, the bank\'s parent.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 05:14 2024 Wednesday ,07 February
Sophisticated Classic Dining Room Design Ideas
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 05:16 2017 Wednesday ,15 February
US wholesale inflation sees biggest monthly gain in 4 years
GMT 17:53 2016 Saturday ,29 October
Yemeni troops liberate Beit Alhan village in Sanaa
GMT 02:13 2017 Wednesday ,25 January
Argentina’s Fernandez says Britain’s Cameron ‘almost ill-mannered’
GMT 12:30 2016 Thursday ,25 August
'Queen of Knitwear' Sonia Rykiel dies aged 86
GMT 11:32 2018 Tuesday ,23 January
8.2 magnitude quake hits off Alaska: USGS
GMT 12:08 2017 Monday ,16 January
Oman 'temporary home' to 10 detainees released from GuantanamoGMT 15:08 2011 Tuesday ,06 December
Women\'s health seriously affected by smoking
GMT 18:09 2017 Tuesday ,31 October
Army attacks Saudi-paid mercenaries in Jawf
GMT 10:32 2017 Wednesday ,08 March
The big Paris fashion week trends
GMT 12:50 2017 Monday ,25 September
Top Palestinian negotiator awaiting lung transplant in US
GMT 12:49 2015 Tuesday ,07 July
Cut '8 days of military spending' for universal education
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor