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Scottish author Iain Banks has revealed today that he has late stage gallbladder cancer and is unlikely to live for more than a year

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...oved ones.” The Scottish Book Trust added: “We’re all shocked and saddened by Iain Banks’ news. We send our best wishes to him, his family and friends.” Related search articles:adele illuminati initiation yaya banks - backpage tyra banks upskirts tyra banks news 2013 ya ya banks torrent 30 year old looks 15 yaya banks escor adult star yaya banks jlo hotest stage outf...

Credit ratings agency Moody's has decided to downgrade 15 global banks and financial institutions

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...l are BNP Paribas and Goldman Sachs. RBS is in the bottom “third group”, which comprises banks which “have been affected by problems in risk management, or have a history of high volatility”. Other banks in this grouping include Bank of America and Citigroup.   Related search articles:tyra banks boyfriend 2013 Ron Banks in Casket tyra banks new boyfriend 2013 yaya ban...

Scottish writer Iain Banks has died aged 59, two months after announcing he had terminal cancer

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Scottish writer Iain Banks has died aged 59, two months after announcing he had terminal cancer, his family has said. The author revealed in April he was suffering from terminal gall bladder cancer and was unlikely to live for more than a year. Iain Banks was best known for his novels The Wasp Factory, The Crow Road and Complicity. In a statement, Iain Banks’ publisher said he was “an irrep...

Iain Banks has said the messages of support he has received from fans since announcing he has terminal cancer have been astounding

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Author Iain Banks has said the messages of support he has received from fans since announcing he has terminal cancer have been “astounding”. On 3 April, the 59-year-old Scottish writer announced he was suffering from gall bladder cancer, saying it was “extremely unlikely I’ll live beyond a year”. Writing on Banksophilia, a website set up by a friend, Iain Banks said:...

Spain's banks will need an injection of 59.3 billion euros to survive a serious downturn

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...e current EFSF and the future ESM. Spain said in July that it would request eurozone support for its banks. The Spanish banking sector has been in difficulty since the global financial crisis of 2008, and the subsequent bursting of the country’s property bubble and deep recession. Spain’s banks will need an injection of 59.3 billion euros to survive a serious downturn The European Com...

Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks

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Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks. EU sources say Madrid could formally request financial assistance for its troubled banks this weekend. So far Spain has denied reports that an announcement on a European rescue plan for its banks is close. The International Monetary Fund (IMF) is estimating that Spain’s banks need a cash injecti...

The FDIC has sued 16 banks for allegedly manipulating the LIBOR

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The US Federal Deposit Insurance Corporation (FDIC) has sued 16 banks for allegedly manipulating the London interbank offered rate (LIBOR). The LIBOR rate is used to set trillions of dollars of financial contracts, including mortgages and financial transactions around the world. The regulator said the manipulation caused substantial losses to 38 US banks which were shut down during and after the...

Cyprus banks are to reopen on Thursday at noon, two weeks after they closed to prevent a bank run as a controversial bailout was negotiated

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Cyprus banks are to reopen on Thursday at 12:00 p.m. local time, two weeks after they closed to prevent a bank run as a controversial bailout was negotiated. Banks will open their doors between 12:00 and 18:00 local time, the Cypriot central bank said. Customers will also be limited to withdrawing 300 euros ($383) a day, to prevent everyone fleeing with their savings. “I am telling you that...

Tyra Banks admitted she has herself fallen victim to foolish methods of weight loss

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Tyra Banks, who has famously fluctuated in weight since her days as a professional model ended, admitted today she has herself fallen victim to foolish methods of weight loss. “A couple of years ago I lost – I wouldn’t say it was 30 [pounds] – but it was a considerable amount of weight,” said the fashion industry icon. Tyra Banks, 38, was speaking at a press conference in Singap...

Cyprus banks, which were closed to prevent mass withdrawals, will remain shut until at least March 26th

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Cyprus officials have announced the country’s banks, which were closed to prevent mass withdrawals, will remain shut until at least Tuesday, March 26th. The Cypriot government began an emergency meeting this afternoon to discuss alternatives to the EU-IMF bailout deal rejected by parliament on Tuesday. Reports say the cabinet is considering imposing capital controls when banks are reopened....

The Cypriot banks offered depositors really good rates of interest which attracted not only local people, but also hordes of foreigners

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The Cypriot banks offered depositors really good rates of interest – as high as 4.75% for long-term accounts – which attracted not only local people, but also hordes of foreigners. How could the banks afford to pay such great rates? By investing the money from those “savers” in something that itself paid really great rates of interest: Greek government bonds. When Greece got bailed ou...

Greece has been unable to form a government, and new elections seem set to give power to parties that reject the spending cuts that have been agreed with other eurozone governments and the International Monetary Fund

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...rnment will receive no more bailout loans, it won’t have the money to pay its debts, the Greek banks will probably go bust, and the European Central Bank may be forced to cut Greece loose from the single currency. What would this mean for Greece and the rest of Europe? 1. Greek meltdown Greece’s banks would be facing collapse. People’s savings would be frozen. Many businesses wou...

Peter Banks was found dead at his London home on March 8 after not turning up to a recording studio

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British musician Peter Banks, who was the original guitarist of progressive rock band Yes, has died aged 65. Peter Banks played on two albums with the group before pursuing his own band Flash, and a solo career which included a guest spot on Lionel Richie’s hit Hello. Peter Banks was found dead at his London home on March 8 after not turning up to a recording studio. He died from heart fail...

The Euro and stock markets have boosted in Asia after a deal to shore up Spain's troubled banks eased concerns about a European currency break up

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The Euro and stock markets have boosted in Asia after a deal to shore up Spain’s troubled banks eased concerns about a European currency break up. In Asian trade, the euro rose 1% versus the US dollar and Japanese yen. Stock indexes in Japan and Hong Kong rose 2%. On Saturday, eurozone ministers agreed to lend Spain up to 100 billion Euros ($125 billion) to help its banks. Analysts said the...

Spain's economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its bank sector

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...e plans have been published that aim to ensure that taxpayers do not have to fund future bailouts of banks. An IMF audit of Spain’s banks is due next week, with further independent reports completed about two weeks after, Luis de Guindos said. “I have absolutely not discussed any intervention in Spain’s banks today,” he told reporters on the sidelines of meetings in Brussel...

Cyprus banks have reopened after a two-week closure sparked by the EU-IMF bailout negotiations, amid tension over possible large scale withdrawals

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Cyprus banks have reopened after a two-week closure sparked by the EU-IMF bailout negotiations, amid tension over possible large scale withdrawals. Branches were replenished with cash overnight and police and private security guards deployed amid fears of a run on the banks by customers. Banks customers face strict controls on the amount they can withdraw each day. The restrictions on the free mo...

All Cyprus banks will remain closed until Thursday, March 28, the central bank has announced

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...tem functions “smoothly”. The bailout deal will see larger depositors in the two biggest banks, Bank of Cyprus and Laiki, lose money. All Cyprus banks will remain closed until Thursday, March 28, the central bank has announced President Nicos Anastasiades said “very temporary restrictions” would be put on capital flows, but gave no details. Controls to prevent money leavin...

Eurozone finance ministers have decided to lend Spain 30 billion Euros this month to help its troubled banks

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...ose sharply on Monday ahead of the meeting, with many fearing that little concrete action on Spanish banks would be reached. Eurozone finance ministers have decided to lend Spain 30 billion Euros this month to help its troubled banks “We are aiming at reaching a formal agreement in the second half of July, taking into account national parliamentary procedures, allowing for a first disbursem...

European finance ministers have reached a deal on rules for supervising eurozone banks, ahead of a new EU summit

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European finance ministers have reached a deal on rules for supervising eurozone banks, ahead of a new EU summit. Around 200 of the biggest banks will come under the direct oversight of the European Central Bank, which will act as chief supervisor of eurozone banks. The agreement – a key step towards banking union – will be put before European leaders later on Thursday. New rules on p...

Azealia Banks has become embroiled in a bitter Twitter row with Perez Hilton after slapping her own verses over the top of DJ Baauer's Harlem Shake

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Rapper Azealia Banks has become embroiled in a bitter Twitter row with Perez Hilton after slapping her own verses over the top of DJ Baauer’s Harlem Shake. Azealia Banks, 21, let rip in a bizarre foul-mouthed rant on Twitter after her version of the hit track was removed from Soundcloud – branding the New York producer a “f****t” and accusing him of “c**kblocking”. The rapper’s fiery...

Cyprus banks are to reopen on March 26, although Bank of Cyprus and Laiki will remain shut until March 28

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...e already in place. Certain limits on the size of cash withdrawals are expected to continue. Cyprus banks are to reopen on March 26, although Bank of Cyprus and Laiki will remain shut until March 28 The banks’ reopening came after Cyprus agreed a deal with the IMF and the EU that releases 10 billion euros in support. It was conditional on Cyprus itself raising billions of euros, which it wi...

European stock markets had a shaky start on Friday as concern continued over Greece and Spain

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...more than 2% before recovering, while shares in London fell by as much as 1%. Confidence in European banks was undermined by ratings agency Moody’s, which cut the credit ratings of 16 Spanish banks late on Thursday. It also cut the debt rating on Santander UK, a subsidiary of the Spanish banking giant. However, shares in Santander reversed early losses to trade 3% higher, and Bankia shares j...

Spain's decision to request a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore up its struggling banks has won broad support

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...a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore up its struggling banks has won broad support. The International Monetary Fund (IMF) said the bailout was big enough to restore credibility to Spain’s banks. Washington welcomed the measure as a vital step towards the “financial union” of the eurozone. The move was agreed during emergency talks bet...

President Nicos Anastasiades has urged eurozone leaders to revise the terms of Cyprus' bank bailout, in a highly critical letter

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President Nicos Anastasiades has urged eurozone leaders to revise the terms of Cyprus’ bank bailout, in a highly critical letter. Nicos Anastasiades said the “haircut” imposed on large deposits under the 10 billion-euro bailout had significantly eroded the capital kept by businesses in banks. Losses were imposed on big deposits in Bank of Cyprus (BoC) and Laiki Bank. BoC is now...

Cyprus bank deposits over 100,000 euros could be cut by 40 percent

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...These restrictions would “probably be a bit stricter” on the country’s two largest banks, Bank of Cyprus and Laiki, and would remain in place until the banking system “stabilizes”, Michalis Sarris said. The exact details of this “two tier system” would be hammered out with the banks later on Tuesday, he said. Michalis Sarris is expecting “some bleedi...