| //08-08-2008 |
NEW YORK (Reuters) - Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz), the largest U.S. retail bank, said on Thursday it received subpoenas and requests for information relating to auction-rate securities from federal and state government agencies.
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| //08-08-2008 |
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| //08-08-2008 |
On August 5, 2008, the application of ICBC to open its New York Branch obtained the formal approval of Federal Reserve Board (FRB) and the application has been approved by China's regulating department previously. The approval signifies that ICBC, the biggest bank in market value worldwide, makes another significant move to implement its global strategy.
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| //07-08-2008 |
Aug. 6 (Bloomberg) -- Citigroup Inc. may be forced to buy back about $8 billion in auction-rate securities and fined as much as $100 million in a settlement with U.S. regulators over claims it improperly saddled customers with untradeable bonds, two people familiar with the case said
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| //07-08-2008 |
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| //06-08-2008 |
FRANKFURT (Reuters) - Swiss bank Credit Suisse Group (CSGN.VX: Quote, Profile, Research, Stock Buzz) has amassed a voting stake of nearly 5.9 percent in Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz), Germany's biggest bank said on Tuesday.
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| //06-08-2008 |
WASHINGTON (AP) ¡ª The Federal Reserve, confronted with the perils of a slumping economy and rising inflation, has decided for a second straight meeting to leave interest rates unchanged.
The Fed announced Tuesday that it was keeping its target for the federal funds rate, the interest that banks charge each other, at 2 percent
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| //06-08-2008 |
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| //05-08-2008 |
Income before income taxes of EUR 642 million Corporate Banking & Securities: loss before income taxes of EUR 311 million after mark-downs of EUR 2.3 billion Significant reduction in key exposures Solid performance of 'stable' businesses (Global Transaction Banking, Private Clients and Asset Management): income before income taxes of EUR 854 million Strong net new money inflows of EUR 10 billion BIS Tier 1 capital ratio of 9.3%, well above target range Balance sheet reduced by EUR 159 billion to EUR 1,991 billion
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| //05-08-2008 |
NEW YORK (CNNMoney.com) -- The dollar fell against the euro Monday as investors digested news of a large drop in profits at British bank HSBC.
The euro bought $1.5572 late Monday, up from $1.5566 late Friday. The dollar gained against the yen to ¥108.22 late Monday from ¥107.70 late Friday.
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| //05-08-2008 |
In an organizational restructuring of its top management, Saxo Bank has appointed Eric Rylberg and Karsten Poulsen to two new positions as Chief Executive Director and Deputy Chief Executive Director. While remaining joint CEOs and keeping all formal responsibilities, Kim Fournais and Lars Seier Christensen will leave the daily tasks of running the bank to the two new appointees with the Senior Executive Management group reporting to them.
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| //04-08-2008 |
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| //04-08-2008 |
Bank of America Survey of High Net Worth Indicates Investors Understand Risk and Rewards, But Want Oversight and Assurance
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| //01-08-2008 |
ICBC is the July 2008 voting prizewinner! 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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| //31-07-2008 |
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| //31-07-2008 |
CHARLOTTE, N.C. - Bank of America Corp. on Wednesday said it made an investment in Field Diagnostic Services Inc. as part of an agreement to implement the company's energy-management systems in 3,300 of its branches, cutting energy costs in half.
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| //31-07-2008 |
Prudential plc and Standard Chartered PLC announce the extension and expansion of their successful bancassurance partnership that began in 1998.
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| //30-07-2008 |
"The first half of 2008 has been challenging. Profit before tax for the six months ended June 30 of €46.6 million is disappointing," chief executive officer Alan Richards said after an HSBC Malta board meeting on Friday. The meeting approved the group and bank interim accounts for the six-month period up to June 30.
"This result represents a decline of €12.4 million, or 21.1 per cent compared to €59 million for the same period last year. However, comparisons with 2007 need some qualification due to a number of one-off factors.
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| //30-07-2008 |
July 16, 2008 saw the issuing ceremony of Bank of Communications RMB retail bonds in Hong Kong. The bank announces that it is to issue a total amount of 3 billion yuan of retail bonds in Hong Kong between July 17 and July 23, making it the first RMB bonds issued in Hong Kong by mainland financial institutions in the year.
The RMB retail bonds launched by the bank have a face value of 10,000 yuan, with a term of 2 years and a face annual interest rate of 3.25%, with interest paid every six months. The fund collected from the bond issuance will be used for loans release, bank current capital, and general corporate usages.
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| //30-07-2008 |
In his role as Chairman of the Institute of International Finance (IIF), Dr. Josef Ackermann presented the Final Report of the Institute of International Finance's Committee on Market Best Practices.
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