| //04-11-2008 |
Brazilian banks advanced in Sao Paulo trading, led by Banco Industrial e Comercial SA, on the prospect of more mergers in the financial industry after the country's second- and third-largest banks agreed to combine.
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| //03-11-2008 |
PARIS (AFP) ¡ª Societe Generale bank on Monday reported an 83-percent collapse in third-quarter profits on provisions and write-downs but its shares gained 2.0 percent.
The bank, hit by a huge unauthorised trading scandal at the beginning of the year, said the provisions and write-downs had arisen mainly in its financing and investment divisions.
Net profit fell to 183 million euros (235.7 million dollars) from 1.123 billion euros in the same period of last year.
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| //03-11-2008 |
PARIS: Commerzbank on Monday became the first commercial lender in Germany to accept government cash, while a number of other European banks reported poor earnings, showcasing the continuing weakness in the sector.
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| //03-11-2008 |
FRANKFURT, Germany (AP) ¡ª The Bank of England and the Swiss National Bank on Monday continued their daily offers for overnight dollar loans, though demand for the money continued to wane ¡ª an indication that short-term bottlenecks in crisis-stricken credit markets are easing further.
The Bank of England offered its usual $10 billion to a limit of 10 bidders. The bank said it received bids for just $400 million.
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| //01-11-2008 |
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. Monthly voting statistics can be found here.
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| //31-10-2008 |
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| //31-10-2008 |
On October 21st, 2008, Industrial and Commercial Bank of China Limited held a grand opening ceremony in Doha, the capital of Qatar, and formally opens its Doha branch. This is the second business institution opened by ICBC in the Middle East, only one day after the opening of ICBC (Middle East).
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| //31-10-2008 |
The Dutch Ministry of Finance has nominated Michael Enthoven to the Supervisory Board of ABN AMRO, subject to the necessary approvals.
Michael Enthoven, currently in the Ministry of Justice, brings many years' experience of banking having worked for JP Morgan from 1976 to 1998 and subsequently for merchant bank NIBC, where he became Chief Executive Officer in 2002.
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| //31-10-2008 |
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) reported net income of EUR 414 million, versus EUR 1.6 billion in the third quarter 2007. Earnings per share on a diluted basis were EUR 0.83 for the third quarter 2008, versus EUR 3.31 per share in the prior year quarter. Income before income taxes was EUR 93 million, versus EUR 1.4 billion in the prior year quarter.
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| //31-10-2008 |
Wells Fargo & Company (NYSE: WFC) announced it has issued to the U.S. Department of the Treasury 25,000 shares of Wells Fargo’s Fixed Rate Cumulative Perpetual Preferred Stock, Series D without par value. The shares have a liquidation amount per share equal to $1,000,000, for a total price of $25 billion.
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| //30-10-2008 |
Top officials of the U.S. central bank decided to cut their key interest rate by half a percent to one percent Wednesday.
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| //30-10-2008 |
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| //30-10-2008 |
Oct. 30 (Bloomberg) -- Deutsche Bank AG, Germany's biggest bank, reported a surprise third-quarter profit and said it doesn't need to raise capital, prompting the biggest gain in 16 years in Frankfurt trading.
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| //29-10-2008 |
TOKYO, Oct 29 (Reuters) - The Bank of Japan is seen considering cutting its interest rate target for the first time in seven years as it grapples with a slump in Tokyo share prices and a surge in the yen.
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| //29-10-2008 |
LONDON (MarketWatch) -- The International Monetary Fund, the European Union and the World Bank have agreed a financing package for Hungary totalling $25.1 billion the IMF said in a statement late Tuesday.
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| //29-10-2008 |
HSBC France, as a member of the French banking community, together with the other major French banks and the French government, is to invest in a new financing company established at the direction of the French government to support the French economy.
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| //29-10-2008 |
New York – The Board of Directors of Citigroup (NYSE: C) declared a quarterly dividend on the company's common stock of 16 cents per share, payable on November 26, 2008, to stockholders of record on November 3, 2008
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| //28-10-2008 |
Deutsche Bank has won 16 titles at Global Finance magazine’s “World’s Best Bank 2008” awards, held on Monday, 13 October, at the National Press Club in Washington, during the IMF meetings.
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| //28-10-2008 |
On October 20th, 2008, Industrial and Commercial Bank of China (Middle East) Limited (hereinafter referred to as "ICBC (Middle East)") held a grand opening ceremony in Dubai, the economic and financial center in the United Arab Emirates (the UAE). ICBC (Middle East) is the first wholly-owned subsidiary bank established in the Middle East by Chinese banks.
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| //28-10-2008 |
The Hongkong and Shanghai Banking Corporation Limited, through its wholly-owned subsidiary HSBC Asia Pacific Holdings (UK) Limited, has entered into agreements to acquire 88.89 per cent of PT Bank Ekonomi Raharja Tbk ("Bank Ekonomi") for a consideration of US$607.5 million (or IDR 2,452 per share) to be paid in cash from HSBC's own resources.
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