| //17-09-2008 |
With one competitor in bankruptcy and two others married off to commercial banks, senior executives at Goldman Sachs and Morgan Stanley rushed to defend the prospects for what has fast become an endangered species on Wall Street: the stand-alone investment bank.
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| //17-09-2008 |
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| //16-09-2008 |
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| //16-09-2008 |
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| //15-09-2008 |
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| //15-09-2008 |
Lehman Brothers, one of the world's largest investment banks, is to file for bankruptcy protection - a move expected to rock global financial markets.
The stricken firm said it plans to file a petition under Chapter 11 of the US Bankruptcy Code. The move usually allows companies to reorganise their contractual and debt obligations under the supervision of a bankruptcy court.
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| //15-09-2008 |
Lehman Brothers' CEO assumed that the credit crunch would be damaging, but not fatal
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| //15-09-2008 |
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| //12-09-2008 |
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| //12-09-2008 |
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| //12-09-2008 |
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| //11-09-2008 |
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| //11-09-2008 |
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| //11-09-2008 |
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| //09-09-2008 |
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| //09-09-2008 |
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| //09-09-2008 |
ICBC was the winner of the "Best Cash Management Bank of China" award from Finance Asia in 2007 and continued to hold the title in the selection of best financial institutions organized by this magazine in 2008.
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| //08-09-2008 |
Government seizure of Fannie and Freddie could cause problems, even failure, for many small banks, even if it helps to stabilize the battered mortgage market.
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