| //14-01-2009 |
Jan. 14 (Bloomberg) -- HSBC Holdings Plc, Europes largest bank by market value, fell in Hong Kong after Morgan Stanley analysts predicted it may have to raise as much as $30 billion and halve its dividend as earnings drop.
|
| //12-01-2009 |
NEW YORK (AP) Citigroup and Morgan Stanley may announce as early as Monday a deal to combine their brokerages, a move analysts say could trigger a fresh wave of consolidation in the troubled and thinning banking industry.
|
| //12-01-2009 |
Saxo Bank, the online trading and investment specialist, announced today that it had bought the Danish stockbroker and wealth management company Sirius. Sirius has acquired an impressive management portfolio of more than EUR 670 million (DKK 5 billion) over a two]year period.
|
| //12-01-2009 |
LONDON -- The U.K. Treasury will take a 43.4% stake in the merged Lloyds TSB Group PLC and HBOS PLC banking group after open offers for the companies' shares received minimal support.
Just 0.5% of Lloyds TSB's open-offer shares were taken up by shareholders, it said Monday, while HBOS received acceptances for just 0.24% ...
|
| //09-01-2009 |
NEW YORK (Reuters) - Citigroup is in advanced talks to sell its Smith Barney brokerage unit to Morgan Stanley, a person familiar with the matter said on Friday, in a move that would further dismantle the financial supermarket that has been bailed out by the U.S. government.
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| //09-01-2009 |
UK-based bank Lloyds TSB has agreed to pay a $350m penalty to US authorities over financial transfers that violated US sanctions.
|
| //09-01-2009 |
WASHINGTON (Reuters) - A top bank industry group said on Wednesday it is concerned that the U.S. Treasury Department has overspent available rescue money, leaving the capital injection program for the nation's banks underfunded.
|
| //08-01-2009 |
|
| //07-01-2009 |
HONG KONG -(Dow Jones)- Bank of America Corp.'s (BAC) reduction of its stake in China Construction Bank Corp. (0939.HK) was a "normal market activity" due to its own financial situation, the Chinese bank said in a statement Wednesday.
|
| //07-01-2009 |
Bank of Americas chief executive, Kenneth D. Lewis, is joining the growing ranks of top banking executives who are giving up annual bonuses after a dreadful year in the financial industry.
|
| //06-01-2009 |
Robert McCann, the brokerage chief at Merrill Lynch & Co., is leaving the securities firm just after its acquisition by Bank of America Corp. was completed.
|
| //06-01-2009 |
Bank of America Corporation today completed its purchase of Merrill Lynch & Co., Inc. creating a premier financial services franchise with significantly enhanced wealth management, investment banking and international capabilities.
|
| //05-01-2009 |
The Bank of Japan cut its key policy rate to 0.10
percent on Dec. 19, 2008 from 0.30 percent. As a result, the average rate set by
central banks of the Group of Seven nations fell to 1.25 percent from 1.29
percent.
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| //05-01-2009 |
It was reported that the Awarding Ceremony of "Investor Relations Awards of Chinese Mainland" sponsored by IR MAGEZINE, an authoritative selection institution of global investor relations was held ceremoniously in Beijing on December 16, 2008.
|
| //02-01-2009 |
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. Monthly voting statistics can be found here.
|
| //01-01-2009 |
As financial institutions across the country line up to request government bailout money, at least one small Atlanta bank is saying no thanks to the offer.
Atlantic Capital Bank says it is on such sound financial footing that it has decided to opt out of the $250 billion federal program, which is designed to shore up the nations battered banking industry and spur new lending.
|
| //01-01-2009 |
Citigroups chief executive and chairman said on Wednesday that they would forgo their bonuses for 2008 and slash the amounts paid to other senior bankers, joining a growing list of financial executives who are passing up some pay.
|
| //01-01-2009 |
The investors who control Abigail Adams National Bancorp, the parent company of the troubled Adams National Bank, have decided to merge it with a West Virginia bank that they also control in a deal designed to ensure Adams National can weather the financial crisis.
|
| //31-12-2008 |
Crude trading at $25. S&P 500 falls 50% to 500. Chinas GDP growth falls to zero. EURUSD falls to 0.95. Italy could leave the ERM. If Saxo Banks 10 outrageous claims for the year ahead transpire, economic conditions will worsen dramatically in 2009. "The good thing is, overall, we predict 2009 will be a turning point because it cant get much worse" says Chief Economist David Karsbl
|
| //31-12-2008 |
HONG KONG -- UBS AG said in a statement Wednesday it sold its entire 1.33% stake in Bank of China Ltd. in a placement to institutional investors, after the lockup period for its holding expired Tuesday.
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