| //11-02-2009 |
The following news release was issued today by The Saudi British Bank (SABB), a 40 per cent indirectly held associate of HSBC Holdings plc.
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| //11-02-2009 |
Fifty years ago, with the opening of its official representative office in Cairo – the Bank’s first representation in the Arab world – Deutsche Bank began to systematically increase its involvement in the Middle East and North Africa.
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| //24-01-2009 |
First Centennial Bank of Redlands, Calif., was seized by a state regulator, the third bank in the nation to fail this year.
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| //24-01-2009 |
As calls grow for nationalisations in a financial industry brought low by bad debt, it's clear that the sector can't afford to take big risks in future. What's not so clear is how many banks still have a future, writes Heather Connon
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| //20-01-2009 |
Over 70 percent of the banks in Shanghai said their profits will not slide in 2009, according to a survey.
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| //20-01-2009 |
Investors who believe the Bank of Japan will start buying corporate bonds to support credit markets should receive Japanese swaps, according to Calyon Securities
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| //20-01-2009 |
With its latest bank bailout plan, the U.K. government has gone headfirst into the credit-default-swap business, a product that helped destabilize the financial system in the first place.
The Treasury will insure banks against a wide range of risks on their balance sheets, from residential mortgages to leveraged loans, regardless of the currency in which it is denominated.
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| //20-01-2009 |
Losses on mortgage debt, followed by recession woes such as corporate bankruptcies and rising defaults on credit cards, delivered a one-two punch.
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| //16-01-2009 |
Cash to help bank digest Merrill acquisition, report says, while shares hit 17-year low
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| //16-01-2009 |
Deutsche Bank (DBKGn.DE) Chief Executive Josef Ackermann is back at work after falling ill at a reception on Wednesday, a spokesman for Germany's biggest lender said on Thursday.
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| //16-01-2009 |
Without a clear direction for the financial services giant, its rivals may one day own pieces of the empire that once was Citigroup.
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| //16-01-2009 |
Anglo Irish Bank Corp. shares were suspended today after the government seized control in the wake of a scandal that claimed the chief executive officer, chairman and the nation’s financial regulator.
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| //16-01-2009 |
Jan. 16 (Bloomberg) -- Russia’s central bank devalued the ruble for the fifth time in six trading days, allowing it to fall against the dollar and the euro, an official said.
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| //15-01-2009 |
LONDON (MarketWatch) -- European shares declined in a volatile session on Thursday, amid continued worries over the health of the economy after the European Central Bank made another cut to its key interest rate.
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| //15-01-2009 |
Chinese banks rose in Hong Kong after Royal Bank of Scotland Plc, the biggest government- controlled bank in the U.K., sold its stake in Bank of China Ltd., triggering some buying after the overhang was removed.
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| //15-01-2009 |
Bank of America Corp., the biggest U.S. bank by assets after this month's purchase of Merrill Lynch & Co., may need more money from the federal government to absorb losses linked to the global credit crisis.
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| //15-01-2009 |
(Reuters) - Wells Fargo (WFC.N) may cut its dividend or raise capital in 2009, said a Citigroup analyst, who recommended investors not to buy into the stock "aggressively" in the near term citing deteriorating credit conditions.
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| //15-01-2009 |
Jan. 15 (Bloomberg) -- Germany¡¯s DAX Index pared earlier losses as Deutsche Bank AG and Deutsche Post AG advanced. Deutsche Postbank AG led falling shares.
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| //14-01-2009 |
Bank of America Corp may be too big to fail, but confidence is dwindling over the near-term prospects of the largest U.S. bank.
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| //14-01-2009 |
A top U.S. economic official says a nearly $800 billion stimulus package may not be enough to promote a lasting economic recovery.
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