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Former IMF chief Rodrigo Rato and all other defendants put on trial on accusations of fraud and falsifying the books in the 2011 stock listing of Spains Bankia bank were acquitted on Tuesday.The court said the banks stock listing had received approvals from all necessary i <a href=www.adidas-samba-adidas.es>adidas sambarose</a> nstitutions .The listing was very popular among small investors, who lost their shirts when the Spanish state had to nationalize the bank the following year and inject 22 billion euros $25 <a href=www.stanleymug.uk>stanley cup uk</a> .7 billion to keep it from collapsing.Rato, who headed the International Monetary Fund from 2004 to 2007, led the merger in 2010 of several struggling banks into Bankia.The image of a smiling Rato ringing the bell and sipping champagne on July 20, 2011, to mark the start of Bankias listing has since become a symbol of the scandal. ADVERTISEMENT Read Also IMF, World Bank, IEA Unite to Tackle Global Energy Shock from Middle East WarIMF supports Senegals tax reform plan to reduce reliance on external financeZambia reiterates commitment to implementing home-grown economic reforms More than 300,000 small shareholders bought share packages for a minimum of 1,000 euros, attracted by a major advertising campaign and the profits b <a href=www.us-stanley.us>stanley us</a> oasted by the bank.But in 2012, after a disastrous year that saw its share value collapse, the bank admitted that in the year it listed it had actually made a loss of close to three billion euros.In addition to bailing out Bankia, the Spanish state also had to seek an Qjci Embarrassed UK Ministry of Defence hits out at Kremlin lsquo;propaganda rsquo; as second prank video of Ben Wallace emerges
Tuesday 23 December 2025 9:44 am|Updated:Tuesday 23 December 2025 9:45 amUK home insurers brace for 2026 losses as premiums set to fallBy: Maria Ward-BrennanProfessional Services EditorShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GooglePhoto by Darren Staples / AFP Photo by DARREN STAPLES/AFP via Getty ImagesBritish home insurers are set to finish 2025 in the black, but losses are expected in 2026.According to data exclusively shared with City AM by Deloitte, UK home insurers are set to make an underwriting profit in 2025, with a net combined ratio NCR of 98 per cent. For every pound;1 taken in premiums during the year, home insurers will have paid out 98p in claims and expenses.The insurers have had to deal with high inflation, increased claims from extreme weather like storms Babet and Ciaran , and ongoing supply chain issues. The insurers paid pound;1.6bn in property claims in Q2 2025 alone due to storms an <a href=www.ye-ti.ca>yeti website</a> d weather events, and pound;4.6bn in the first nine months of 2025. These issues have been dragging on for the past few years, and as a result, premiums have in <a href=www.owalas.us>owala cup</a> creased significantly. However, according to Deloitte, average premiums have remained steady in 2025, falling to po <a href=www.owala-waterbottle.us>owala</a> und;326 for the year, compared to pound;329 in 2024.Competition heats upDeloitte forecasts that in 2026, consumers will see a notable drop in their premiums, which are set to decline seven per
Former IMF chief Rodrigo Rato and all other defendants put on trial on accusations of fraud and falsifying the books in the 2011 stock listing of Spains Bankia bank were acquitted on Tuesday.The court said the banks stock listing had received approvals from all necessary i <a href=www.adidas-samba-adidas.es>adidas sambarose</a> nstitutions .The listing was very popular among small investors, who lost their shirts when the Spanish state had to nationalize the bank the following year and inject 22 billion euros $25 <a href=www.stanleymug.uk>stanley cup uk</a> .7 billion to keep it from collapsing.Rato, who headed the International Monetary Fund from 2004 to 2007, led the merger in 2010 of several struggling banks into Bankia.The image of a smiling Rato ringing the bell and sipping champagne on July 20, 2011, to mark the start of Bankias listing has since become a symbol of the scandal. ADVERTISEMENT Read Also IMF, World Bank, IEA Unite to Tackle Global Energy Shock from Middle East WarIMF supports Senegals tax reform plan to reduce reliance on external financeZambia reiterates commitment to implementing home-grown economic reforms More than 300,000 small shareholders bought share packages for a minimum of 1,000 euros, attracted by a major advertising campaign and the profits b <a href=www.us-stanley.us>stanley us</a> oasted by the bank.But in 2012, after a disastrous year that saw its share value collapse, the bank admitted that in the year it listed it had actually made a loss of close to three billion euros.In addition to bailing out Bankia, the Spanish state also had to seek an Qjci Embarrassed UK Ministry of Defence hits out at Kremlin lsquo;propaganda rsquo; as second prank video of Ben Wallace emerges
Tuesday 23 December 2025 9:44 am|Updated:Tuesday 23 December 2025 9:45 amUK home insurers brace for 2026 losses as premiums set to fallBy: Maria Ward-BrennanProfessional Services EditorShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GooglePhoto by Darren Staples / AFP Photo by DARREN STAPLES/AFP via Getty ImagesBritish home insurers are set to finish 2025 in the black, but losses are expected in 2026.According to data exclusively shared with City AM by Deloitte, UK home insurers are set to make an underwriting profit in 2025, with a net combined ratio NCR of 98 per cent. For every pound;1 taken in premiums during the year, home insurers will have paid out 98p in claims and expenses.The insurers have had to deal with high inflation, increased claims from extreme weather like storms Babet and Ciaran , and ongoing supply chain issues. The insurers paid pound;1.6bn in property claims in Q2 2025 alone due to storms an <a href=www.ye-ti.ca>yeti website</a> d weather events, and pound;4.6bn in the first nine months of 2025. These issues have been dragging on for the past few years, and as a result, premiums have in <a href=www.owalas.us>owala cup</a> creased significantly. However, according to Deloitte, average premiums have remained steady in 2025, falling to po <a href=www.owala-waterbottle.us>owala</a> und;326 for the year, compared to pound;329 in 2024.Competition heats upDeloitte forecasts that in 2026, consumers will see a notable drop in their premiums, which are set to decline seven per