THAT the two most powerful men in America might occasionally have things to discuss is no surprise. But when Ben Bernanke, the Federal Reserve chairman, disclosed on March 20th that he had recently spoken with Barack Obama, listeners assumed the subject was his future.

Mr Bernanke has yet to say what he plans to do when his term as chairman ends on

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CYPRIOT depositors are not the only ones suffering the aftermath of a banking bust. People who bought shares or subordinated debt in Spain’s dodgiest cajas, or savings banks, have either been all but wiped out or forced to take hefty losses. Many small Spanish investors are among them.

Four months after Spain requested a €40 billion ($51 billion) c

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People should not fear for Spain's future because of the situation in Cyprus, according to the country's economy minister. Speaking ahead of the bailout that was approved early this morning (March 25th), Luis de Guindos told Europa Press that there has not been any flight of bank-deposits from Spain and the problems in Cyprus are unique, Reuters...

ON APRIL 5th 2012 the pitched political battles in Washington, DC, briefly paused as Barack Obama signed a law endorsed by both Republicans and Democrats. The Jump Start Our Business Act—for short, the JOBS Act—was designed to make it easier for small companies to raise equity capital. It would, the president said, increase the ability of com

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Overseas buyers looking for a second home are continuing to sustain demand for Spanish property. Sales figures from Taylor Wimpey Espana showed that despite economic difficulties and a three per cent fall in overall real estate transactions, second home ownership is on the up, with a 57 per cent rise in sales on the Costa Blanca alone in 2012.

The...

French property will no doubt find itself in high demand over the coming months, with foreign buyers returning to the market in time for spring. Trevor Leggett, chief executive of Leggett Immobilier, explained that once the warmer weather begins, international investors head to the country to find a bargain. Despite difficult economic times, Mr...

POLITICIANS need a pretty good reason for interfering in the way that a business pays its employees. So what was the rationale for a European Parliament committee vote on March 21st to regulate the pay of investment managers by limiting the level of their bonuses?

Is it because the fund-management industry represents a systemic risk to the European

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In the early hours of yesterday (March 25th) morning Cyprus agreed a bailout deal to prevent it becoming the first country to be forced out of the single currency, but what will this mean for the property market?

After refusing the first deal that imposed a 7.75 per cent tax on all depositors, the country finally settled on a programme that spares...

Sareb has announced that it will speed up its sale of distressed Spanish property, in what is an ambitious new timetable for liquidation. The bad bank is hoping to sell almost 42,000 housing units in the next five years. This is about half of the properties in its €50 billion (£42.5 billion approximately) portfolio.

However, falling...

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