News » May, 2011 » 12 May 2011
Romanian clients suing Volksbank Romania demand the court to find Volksbank International AG accountable for the local branch
12.05.2011, 15:00 | Finance-Banks | 704 views
Romanian clients of Volksbank demanded the Court to find Volksbank International AG that owns 99.3384% of the local branch in Romania responsible for the acts of the branch in Romania. They ground their request on two similar cases of the European Court in which the main bank was accountable for any illegal behavior of the branch even though it did not participate directly to its actions. There is a powerful judicial and economic link between the two companies that reveal that Volksbank Romania is subordinated to Volksbank International AG. Read more on Hotnews.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
