Alleged HSBC data thief in extradition hearing in Spain
MADRID - A former HSBC employee wanted in Switzerland on allegations of stealing data on tens of thousands of bank accounts came before a Spanish court on Monday for extradition proceedings, arguing he was a whistleblower fighting corruption.
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Found 1 month ago on channel
Reuters
Spanish, Slovenian economies at risk from imbalances: EU
BRUSSELS - Spain and Slovenia have banking and labor-market problems that are causing imbalances in their economies, the European Commission warned on Wednesday after an in-depth review of 13 European Union countries designed to stop trouble in individual states becoming a wider problem.
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Found 1 month ago on channel
Reuters
Eurozone Unemployment at Record 12 Percent
(LONDON) — Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999, official figures showed Tuesday. Eurostat, the E.U.’s statistics office, said the rate in February was unchanged at the record high after January’s figure was revised up to 12 percent from 11.9 percent. (MORE: Europe’s Crisis Measures Are Working…Sort Of) Over the month, a net 33,000 people in the eurozone joined the ranks of the unemployed. Spain and Greece continued to suffer from unemployment rates above 26 percent, and many other countries were seeing their numbers swell to uncomfortable levels. It’s not all doom and gloom. Germany, Europe’s biggest economy, has an unemployment rate of only 5.4 percent. That’s even better than the U.S. rate of 7.7 percent. The February figures came before the recent Cyprus crisis, which has reignited concerns over the future of the euro. Under the terms of its bailout, big depositors ...
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Europe Markets: Spain, Italy banks extend decline in Europe
Italian and Spanish stocks extend losses on Wednesday, with banks driving the charge south amid worries that the Cypriot banking crisis could spread to other euro-zone countries.
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BlackRock Cuts Spain, Italy Sovereign-Bond Holdings
The world's largest money manager, cuts holdings of Italian and Spanish government bonds and may shed more if the euro-zone's growth outlook worsens.
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