| //04-10-2008 |
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| //04-10-2008 |
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| //04-10-2008 |
A plan for Wells Fargo Bank to buy Wachovia Bank for $15 billion is under review by federal regulators.
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| //03-10-2008 |
WASHINGTON (AFP) — World financial leaders warned that a 700-billion-dollar US rescue plan may not be enough to revive the battered global economy as markets suffered fresh losses Friday.
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| //03-10-2008 |
OTTAWA -- The Panic of 1907 remains famous primarily as the credit crunch crisis that legendary financier J. Pierpont Morgan solved by himself. He locked New York's most important bankers in his library on East Thirty-Sixth Street and held them prisoner until they agreed to put up the cash needed to restore confidence in the markets. It was also the panic that (seven years later) produced the U.S. Federal Reserve.
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| //03-10-2008 |
Bank of America Corp. yesterday put the chief executive of Merrill Lynch & Co. in charge of its vast new investment arm, raising questions about whether its wealth management operations will remain in Boston after the merger of the two companies.
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| //02-10-2008 |
Switzerland’s largest investment bank, UBS, has announced it is to axe a further 1,900 jobs in its investment banking, equities and fixed income units.
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| //02-10-2008 |
Monday night saw the rejection of the $700 billion (£380 billion) Wall Street rescue plan after days of negotiations between the US Government and lawmakers. The plan failed to receive support from Congress who voted against the proposed scheme.
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| //02-10-2008 |
PricewaterhouseCoopers (PWC), which was appointed as the administrators of Lehman Brothers’ European division, have announced that 750 workers are to lose their jobs with immediate effect.
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| //02-10-2008 |
Goldman Sachs and Morgan Stanley are by no means out of the woods and may be at serious risk
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| //02-10-2008 |
“Real” banks actually are the safe haven to which people move funds during uncertain times. Don’t confuse real banks - insured by FDIC with “bank” actually in their name - with investment companies, mortgage companies and other entities that claim they’re “just like a bank.” Because of consumers’ flight to safety, deposits in Wyoming Banks increased 11 percent last year and 28 percent over the last three years.
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| //02-10-2008 |
Bank Customers Shuffle Their Funds
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| //01-10-2008 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes
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| //30-09-2008 |
Deutsche Bank will further extend its leading cash management product range into the merchant acquiring business, providing credit/debit card clearing and settlement solutions throughout Europe. This new business line will be managed by Deutsche Card Services GmbH, a 100%-owned subsidiary of Deutsche Bank, with its registered headquarters in Frankfurt. This adds yet another feature to Deutsche Bank's comprehensive suite of receivables products for its global client base. Cash management is part of Deutsche Bank's fast growing Global Transaction Banking business.
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| //30-09-2008 |
Governments of Belgium, Luxembourg and the Netherlands will invest EUR 11.2 bln in the respective Fortis bank institutions in each country.
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| //30-09-2008 |
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| //30-09-2008 |
ING announced today that it does not intend to make an offer to acquire ABN Amro Netherlands from Fortis. ING has examined the situation closely and carefully. We are mindful of the interests of all stakeholders, but recognise that the ultimate responsibility is to our shareholders.
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| //30-09-2008 |
With Saxo Bank and now also IT FACTORY, we have established a foundation that will take us a long way into the future. We now have two strong, visionary companies supporting us and a budget enabling us to realize our ambitions to remain the world's greatest cycling team. I am very much looking forward to the cooperation, which we begin next year and I am convinced that we will make an impressive and enduring mark on the sport. The team has sky-high ambitions and, with these two sponsors, we are now able to fulfill them,” says Riis.
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| //24-09-2008 |
FRANKFURT, Germany -
Global stock markets roared higher on Friday after news of a U.S. government plan to rescue banks from toxic mortgage debt raised investors' hopes amid the world's worst financial crisis in decades.
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| //24-09-2008 |
Even before the ink dries on a proposed $700 billion bailout for the financial industry, Wall Street players have begun jockeying to be the first ones to snap up distressed investments on the cheap.
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