The Los Angeles Post
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Today: March 16, 2025
Today: March 16, 2025
John O'Donnell

John O'Donnell

Staff Writer

Latest From John O'Donnell

Business|Economy|Europe|Finance

ECB's multi-trillion payments breakdown sends shudders through Europe

Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank's machine

ECB's multi-trillion payments breakdown sends shudders through Europe
Business|Economy|Europe|Finance

Commerzbank plans job cuts, new targets to keep UniCredit away, sources say

Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by

Commerzbank plans job cuts, new targets to keep UniCredit away, sources say
MidEast|News|World

Hamas' cash-to-crypto global finance maze in Israel's sights

Palestinian militant group Hamas uses a global financing network to funnel support from charities and friendly

Hamas' cash-to-crypto global finance maze in Israel's sights
Business|Europe|Finance

Exclusive-Austria stalls Russian sanctions over Raiffeisen blacklisting - sources

Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing

Exclusive-Austria stalls Russian sanctions over Raiffeisen blacklisting - sources
Business|Europe|Finance

German property lender PBB and the crisis-hit US market

Deutsche Pfandbriefbank (PBB), one of Germany's top property financiers dating back to the 1860s and bailed out by the government in 2009, is

German property lender PBB and the crisis-hit US market
Business|Economy|Finance|US

Top US sanctions official delivers warning to Austria on Russia

A top U.S. sanctions official will visit Austrian authorities as well as Raiffeisen Bank International on March 7-8, the U.S.

Top US sanctions official delivers warning to Austria on Russia
Business|Europe|Finance|US

Exclusive-Washington pressures Austria's Raiffeisen to drop Russian tycoon deal, sources say

The United States is pressing Austria's Raiffeisen Bank International, the biggest Western bank in Russia, to drop plans to buy a

Exclusive-Washington pressures Austria's Raiffeisen to drop Russian tycoon deal, sources say
Political|World

Exclusive-Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist

Ukraine could dismantle within days its "sponsors of war" blacklist, central to Kyiv's campaign to expose companies doing business with

Exclusive-Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist
Business|Finance

US warned Raiffeisen's access to dollar system could be curbed over Russia, source says

Raiffeisen Bank International was warned by the U.S.

US warned Raiffeisen's access to dollar system could be curbed over Russia, source says
Business|Economy|News|US

Russian tycoon Deripaska calls latest US sanctions 'balderdash'

Russian tycoon Oleg Deripaska dismissed the latest U.S. sanctions on a series of companies that the U.S.

Russian tycoon Deripaska calls latest US sanctions 'balderdash'
Business|Europe|Finance

Germany property trough worsens as foreign investors scale back

International investors are skirting German property deals as they dial back on a market in its worst crisis in a generation, potentially deepening

Germany property trough worsens as foreign investors scale back
Europe|News|World

Kharkiv mayor says striking Russia has helped to calm embattled city

Ukraine's army has struck missile launch positions in Russia, helping to reduce the number of attacks on the embattled city of Kharkiv, its mayor told Reuters on

Kharkiv mayor says striking Russia has helped to calm embattled city
Business|Finance|US

Aon, Development Finance Corp offer $350 million in Ukraine war insurance

Insurance broker Aon and the U.S.

Aon, Development Finance Corp offer $350 million in Ukraine war insurance
Europe|News|World

Ukraine says without more air cover there won't be enough power for winter

Ukraine needs more air defences within weeks to allow repairs to the half of its power infrastructure destroyed by Russian attacks, or it will not be able to meet

Ukraine says without more air cover there won't be enough power for winter
Business|Europe|Finance

Austria's RBI drops bid for stake linked to Russian tycoon after US pressure

Austria's Raiffeisen Bank International (RBI) has dropped a bid for a 1.5 billion euro ($1.6 billion) industrial stake linked to

Austria's RBI drops bid for stake linked to Russian tycoon after US pressure
Business|Economy|Europe|Finance|News

Exclusive-Ukraine refuses to take Raiffeisen off Russia war blacklist

Ukraine has refused to remove Raiffeisen Bank International from a "sponsors of war" blacklist, challenging the biggest Western bank in

Exclusive-Ukraine refuses to take Raiffeisen off Russia war blacklist
Economy|Europe

Exclusive-German landlord TAG warns home prices could fall 30% from peak

German home prices could fall as much as 30% below their 2022 peak, one of the country's largest landlords told Reuters, in a

Exclusive-German landlord TAG warns home prices could fall 30% from peak
Business|Europe|Finance|US

How Raiffeisen's bet on Russia took it to the brink

For more than four months, U.S. envoys delivered increasingly shrill warnings to Austria's Raiffeisen Bank International to scrap a deal they said had links to one

How Raiffeisen's bet on Russia took it to the brink
Business|Economy|Europe|Finance

Germany's top landlord predicts more casualties as property crash bites

Germany's real estate industry, already in its third year of turmoil, faces more pain ahead as further companies go bust, the CEO of Germany's

Germany's top landlord predicts more casualties as property crash bites
Business|Economy|Europe|News

German chancellor lines up fresh crisis talks with property titans

German Chancellor Olaf Scholz is launching a fresh bid to tackle a property crisis as the country braces for recession and

German chancellor lines up fresh crisis talks with property titans
Business|Economy|Finance|World

Falling rates offer scant shelter from property storm

Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief

Falling rates offer scant shelter from property storm
Business|Europe|Finance

Russian court freezes Raiffeisen shares in local bank, blocking sale

A Russian court froze the shares in Raiffeisen Bank International's local arm, the biggest Western bank

Russian court freezes Raiffeisen shares in local bank, blocking sale
Business|Economy|Europe|Finance

Austrian Raiffeisen's entanglement with Russia

A Russian court has frozen Raiffeisen Bank International's local arm, killing off any prospect of selling the business for now and

Austrian Raiffeisen's entanglement with Russia
Business|Europe|News

VW factory threat stress-tests Germany's economic model

Having lost cheap energy from Russia and facing uncertainty over its once-lucrative trade ties with China, big German business is now facing a

VW factory threat stress-tests Germany's economic model
Business|Europe|Finance

UniCredit CEO approaches Commerzbank about merger after share swoop, source says

UniCredit's CEO approached Commerzbank about exploring merger talks on Wednesday, a source with knowledge of the matter said,

UniCredit CEO approaches Commerzbank about merger after share swoop, source says

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