| //12-03-2010 |
# Underlying pre-tax profit up US$4.7 billion or 56 per cent to US$13.3 billion, after excluding the goodwill impairment in North America in 2008.
# On a reported basis, pre-tax profit down 24 per cent to US$7.1 billion.
# Reported profit attributable to shareholders up 2 per cent to US$5.8 billion.
# Positive jaws, with revenues up 8 per cent, costs down 4 per cent, and cost efficiency ratio 47.5 per cent on an underlying basis, after excluding the goodwill impairment in North America in 2008...
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| //12-03-2010 |
Deutsche Bank announces today the launch of its new cutting edge Exchange Traded Commodities (ETC) investment issuance platform with the launch of four new products on the Frankfurt Stock Exchange (Xetra). The new platform, branded "db ETC", will roll out to the rest of Europe in 2010 and include ETCs on Gold, Silver, Platinum and Palladium.
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| //12-03-2010 |
Standard Chartered PLC today announced a seventh successive year of record income ($15.18 billion) and operating profit before tax ($5.15 billion) during 2009, demonstrating the underlying strength and momentum across our markets and businesses, despite the ongoing adverse global economic conditions. Our strong liquidity and capital position enabled us to continue building out market share across our footprint, generating positive business momentum as we enter 2010.
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| //12-03-2010 |
Wachovia Preferred Funding Corp. (NYSE: WNAPr) announced today that its board of directors has declared a regular quarterly dividend on its Series A 7.25% preferred securities. The dividend is equal to $0.453125 per Series A security.
The dividend is payable on March 31, 2010, to holders of record as of the close of business on March 15, 2010.
Wachovia Preferred Funding Corp. is an indirect subsidiary of Wells Fargo & Company and is qualified as a real estate investment trust for federal income tax purposes.
Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.
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| //08-03-2010 |
To mark International Women’s Day, Standard Chartered Bank will launch the Women in Business Resource Centre, an online tool designed to help women entrepreneurs start and grow their own businesses.
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| //03-03-2010 |
For the second time in succession, Deutsche Bank has been awarded the Lipper Fund Award for the DB Platinum Funds, known in the market as db funds. The fund company won first place in the "Best Large Equity Group (3 years)" category for the Germany and Austria region. This means that db funds has been the most successful large equity manager in both countries over a period of three years. The DB Platinum CROCI Germany Fund (ISIN LU0228581574) was among those awarded a prize for the best average performance over the last three years. The fund analysis house, Lipper, a subsidiary of Thomson Reuters, evaluated the best funds over this period with regard to risk-adjusted performance.
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| //22-02-2010 |
A quarterly cash dividend of $20 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest in a share of Series J preferred stock, which are traded on the New York Stock Exchange under the symbol “WFCPrJ.” The Series J dividend is payable on March 15, 2010, to holders of record as of the close of business on February 26, 2010.
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| //19-02-2010 |
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| //19-02-2010 |
Net income attributable to common shares was C$148 million for the quarter ended 31 December 2009, an increase of 28.7 per cent compared to the same period in 2008...
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| //19-02-2010 |
Company Initiated or Completed Three Modifications for Every One Foreclosure Sale on Owner-Occupied Properties from October 2009 – January 2010
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| //19-02-2010 |
DB Climate Change Advisors (DBCCA), the climate change investment and research business of Deutsche Bank's Asset Management business, and The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today announced the introduction of the DB NASDAQ OMX® Clean Tech Index (DBCC). The index is an accurate, real-time representation of the global clean technology sector with exposure to clean energy, energy efficiency, transport, waste management and water companies. This is the first clean technology index co-branded by a global exchange company and a global bank.
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| //11-02-2010 |
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| //05-02-2010 |
Wells Fargo Becomes First Major U.S. Financial Institution to Enable Customers to Connect to Accounts with Text Banking, Without a Need to Have a Personal Computer or An Enrollment in Online Banking
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| //05-02-2010 |
Deutsche Bank announced today the opening of its first branch in the United Arab Emirates' (UAE) capital, Abu Dhabi. The branch will be focused on servicing the Bank's corporate and institutional clients.
The inauguration of the new Abu Dhabi branch was marked by the attendance of H.E. Sheikha Lubna Al Qasimi, Minister of Foreign Trade, H.E. Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE, Werner Steinmüller, Deutsche Bank's Head of Global Transaction Banking (GTB) and member of the Group Executive Committee, and many of the Bank's senior representatives in the region.
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| //05-02-2010 |
Rising confidence in Asia and other emerging regions could accelerate their pace of recovery. This contrasts with the West, where subdued confidence points to sluggish growth, according to the latest edition of Global Focus, Standard Chartered Bank’s monthly report, published today.
The outlook depends on the fundamentals, policy and confidence. The fundamentals point to a multi-speed, policy-led global recovery -- multi-speed because emerging economies appear to be in much better shape and are expected to lead the recovery. In contrast, it will be a long, hard slog in most advanced economies. For them, the recovery will be weak, according to the report.
This divergence reinforces the Bank’s views that the balance of power is shifting from the West to the East.
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| //05-02-2010 |
* Income before income taxes of EUR 5.2 billion
* Tier 1 capital ratio of 12.6%
* Core Tier 1 ratio of 8.7%
* Leverage ratio, per target definition, reduced to 23
* Dividend recommendation of 75 cents per share
* Fourth quarter income before income taxes of EUR 756 million; net income of EUR 1.3 billion, after expenses of EUR 225 million in respect of U.K. bank payroll tax
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| //03-02-2010 |
Aimed at enhancing the equity capital funding of mid-caps / Open to additional investors, the fund will commence operations in the first quarter / Independence ensured by M Cap Finance, the external fund manager
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| //01-02-2010 |
Bank of China’s 2008 annual report won more international awards following the honors received in July 2009. The Bank’s annual report was announced as the “Best Annual Report/Formal Disclosure” in the IR Magazine annual awards gala, being the only Chinese commercial bank winning the title, and “Citation for Corporate Governance Disclosure” by the Hong Kong Management Association (HKMA).
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| //01-02-2010 |
Full Year 2009 Net Loss of $1.6 Billion
Fourth Quarter Net Loss of $7.6 Billion ($0.33 Per Share); $1.4 Billion ($0.06 Per Share) Excluding The Impact of Tarp Repayment and Exit of Loss-Sharing Agreement
Net Credit Losses Lower for Second Consecutive Quarter
Tier 1 Capital Ratio of 11.7% and Tier 1 Common Ratio2 of 9.6%
Tier 1 Common of $104.6 Billion and Allowance for Loan Losses of $36.0 Billion
Citicorp 2009 Net Income of $14.7 Billion, Up from $6.1 Billion in 2008
Citi Holdings Assets Down $168 Billion or 23% in 2009, and $351 Billion from Peak Levels
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| //01-02-2010 |
Standard Chartered Bank (Hong Kong) Limited today announces that Michael Thomas Pratt (“Mike”) will succeed Stefano Paolo Bertamini (“Steve”) as a Board Director with effect from 1 February 2010.
Mr Pratt joined Standard Chartered Bank in June 2009 as Head of Consumer Banking, China and Regional Head of Consumer Banking, North East Asia.
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