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The Swedish government announced Monday that Stockholm-based Carnegie Investment Bank was taken over by the Swedish National Debt Office. The decision has been taken in order to protect the financial stability and to preserve the value of the collateral, the Swedish National Debt Office said in a statement. The Debt Office added that its intention is to be a responsible owner of Carnegie, but it ...
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Global rating agency Moody's has said the long-term debt and bank deposit ratings for ICICI Bank UK, the British subsidiary of top Indian private sector lender, have been revised to a notch lower to bring it in line with the baseline credit assessment of the parent company.
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