DealBook: Shipping Woes May Weigh on European Banks
FRANKFURT — Can a ship float and be underwater at the same time? If it has been financed by a European bank, the answer may be yes. A glut of ships, along with slack demand for shipping in the weak...
View ArticleCyprus and European Officials Scramble to End Bank Crisis
The Cypriot president, Nicos Anastasiades, flew up from Nicosia earlier in the day with a proposal for raising the 5.8 billion euros, or $7.5 billion, that his country is supposed to contribute in...
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