Anonymous sources
Financial Post (blog)
Spain to partly nationalize Bankia, tighten provisions on real estate loans - Financial Post (blog)
Spain plans to partly nationalize BFA-Bankia group as Prime Minister Mariano Rajoy tries to restore investor confidence with his second overhaul of lenders in three months, a government official said. The government will become the largest shareholder ...
Bank stampede keeps Spanish real estate on the ropes - Financial Post (blog)
“It saves you costs and helps you get back some income,” said the head of risk at one Spanish savings bank who asked to remain anonymous. “An apartment on a bank's balance sheet is a problem. A sold apartment with a client paying a mortgage is a ...
What you need to know before markets open - Financial Post (blog)
Greece has seen a strong take up of its bond swap offer to private investors, a government official said ahead of a 2000 GMT deadline for accepting the deal, a key element in a 130 billion euro international rescue package. The European Central Bank is ...
What you need to know before markets open - Financial Post (blog)
Apple Inc plans to announce a fourth-generation (4G) version of its iPad in the first week of March, a Wall Street Journal report said, citing a person briefed on the matter. Apple was unavailable for comment outside regular business hours.
OAS battle no retirement crisis - Financial Post (blog)
The Tories appear more inclined to raise the OAS age than accelerate the clawback schedule, but the age 67 measure isn't yet policy, says a Human Resources and Skills Development Canada spokesperson speaking on background.
Amazon weighed buying RIM: sources - Financial Post (blog)
Microsoft looked at the option of making a joint bid with Nokia for RIM, according to a person with knowledge of the matter who asked not to be identified because the talks were private. The proposal, which included Nokia taking on RIM's hardware ...
Globalive targets Mobilicity: source - Financial Post (blog)
Mobilicity, which raised $215-million in debt financing in April, is also considering the possibility of an initial public offering, the source said. “I do think a deal will happen, but we are months away,” said the source, who declined to be ...
What you need to know before markets open - Financial Post (blog)
Beverage and snack food maker PepsiCo is close to setting up a joint venture with German dairy company Theo Muller Group in an effort to break into the fast-growing yogurt business, the Wall Street Journal reported, citing people briefed on the matter. ...
What you need to know before markets open - Financial Post (blog)
T is in talks with Shaw Group over the US company's 20% stake in nuclear power plant company Westinghouse Electric Co, a person familiar with the matter said. Industry blogs and the Wall Street Journal said over the weekend that Amazon.com Inc was ...
Hedge funds take aim at new targets after short-selling bans - Financial Post (blog)
“Either you express your view on financials through Germany and the UK, or you don't do it at all,” said a prime broking executive who asked not to be named. “It (the ban) does increase the pressure on Germany to follow suit to protect its bank stocks. ...
Saab near loan to avoid bankruptcy - Financial Post (blog)
Saab Automobile, the cash-starved Swedish carmaker, is close to securing a loan of about 1 billion kronor (US$157 million) to pay overdue salaries and avert a looming bankruptcy, three people familiar with the matter said. The loan would be provided by ...
Greek central bank readies emergency funding scheme - Financial Post (blog)
“Several banks have done the paperwork involved, whether they will tap ELA, I do not know,” a senior Greek banker who requested anonymity told Reuters. Financial daily Imerisia also reported on Thursday that the ELA facility stands ready to address any ...