Tag: Netherlands

Euro zone unemployment rate at 12-year high

Euro zone unemployment rate at 12-year high

The European Union’s statistics agency has announced the unemployment rate in the 16-member euro zone hit 10.1% in October - the highest since July 1998. This time last year, the rate stood at 9.9%. According to Eurostat, 15.95 million people were unemployed in the euro zone during the month, with the figure rising by 80,000. […]

November 30, 2010 More
Triodos to raise €90m for ethical lending

Triodos to raise €90m for ethical lending

Triodos Bank has announced plans to issue €90 million of new shares. Money raised from the shares will be used to provide loans to sustainable projects. Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture. Since the credit crunch, the company has seen an upsurge in […]

October 2, 2009 More
Dutch banks cap executive salaries

Dutch banks cap executive salaries

Dutch banks have signed up to a new code of conduct limiting executive bonuses to 100% of salary. Once the code comes into force, bankers’ salaries will have to be below the median for similar jobs, bonuses will have to be returned if a bank enters financial difficulty, and redundancy payments will be limited to […]

September 11, 2009 More
Fortis bailed out by three Governments

Fortis bailed out by three Governments

Belgian-Dutch financial group Fortis has been partially nationalised after concerns were raised about its future health over the weekend. The group, which is Britain’s third-largest private car insurer, based on volume, and the fourth-largest travel insurer, saw its shares plummet by 35% last week over fears about its future. However, it has emerged this morning […]

September 29, 2008 More