| //22-05-2009 |
The University of Chicago in the US has signed a participation letter with Deutsche Bank to take part in the Bank’s new International Student Loan Program (ISLP). The program provides international students at the University of Chicago Booth School of Business with access to loans that do not require a US co-signer.
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| //22-05-2009 |
Deutsche Bank today announced the availability of 50 additional currencies on its FX4Cash platform. With this addition, clients will now be able to make payments in 125 currencies across more than 160 countries.
Launched in 2008, FX4Cash provides global cross-currency payment solutions for corporations and financial institutions by paring Deutsche Bank's industry-leading* foreign exchange business with its top-ranked** payment and clearing capabilities. Since its inception, FX4Cash has successfully enabled corporations and financial institutions to obtain real-time and competitive FX pricing across more than 2,000 currency pairs. With FX4Cash, clients transact from one base currency account and streamline their cross-boarder payments in a straight-through process.
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| //22-05-2009 |
1 756 shareholders attended the meeting held by Société Générale on 19 May 2009 at La Défense (near Paris). 1 941 shareholders were represented and 8 977 voted by post. 17 772 gave their proxy to the Chairman.
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| //22-05-2009 |
ICBC announced its first-quarter performance in 2009 on April 27, 2009. In accordance with the International Financial Reporting Standards, ICBC has achieved an after-tax profit of RMB 35.289 billion, an increase of 6.03% over the same period of last year. Earnings per share amount to RMB 0.11, an increase of 10% over the same period of last year.
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| //18-05-2009 |
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| //17-05-2009 |
Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) today announced the signing of a definitive agreement to acquire Dresdner Bank's Global Agency Securities Lending business from Commerzbank AG (XETRA: CBK GY).
The Dresdner Agency Securities Lending business will be integrated into Deutsche Bank's Trust & Securities Services (TSS) business in Global Transaction Banking (GTB) as part of its local custody franchise and will be overseen by Roger Harrold, Global Head of Domestic Custody Services.
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| //15-05-2009 |
Saxo Bank, the online trading and investment specialist, today announces the opening of a new office in Prague following a year where the Bank tripled its business in the CEE region.
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| //15-05-2009 |
SHANGHAI, May 15 (Reuters) - The time is ripe for the internationalisation of the yuan, not least because of growing corporate interest in settling trade transactions in the Chinese currency, Bank of China Chairman Xiao Gang said on Friday.
China is preparing a pilot scheme that will allow designated companies in southern China that do export-import business with Hong Kong and Macau to settle their deals in yuan instead of in Hong Kong or U.S. dollars.
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| //15-05-2009 |
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| //14-05-2009 |
Bank of America Corp., JPMorgan Chase & Co., UBS AG and 15 more of the world’s largest financial companies sued MBIA Inc., saying the biggest bond insurer’s split of its guarantee business illegally cut their odds of getting paid on policies.
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| //14-05-2009 |
Morgan Stanley announced that Gary G. Lynch has been named Vice Chairman of Morgan Stanley. Mr. Lynch will relocate to London where he will remain in his current position as Chief Legal Officer and continue to work as part of the Firm's senior management on issues of policy and strategy. He will also join the boards of Morgan Stanley's subsidiaries throughout the region and take on an expanded management role within Europe, the Middle East and Africa (EMEA). Additionally, Mr. Lynch will focus on Morgan Stanley's key clients in the region.
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| //14-05-2009 |
Belgium's KBC bank received from the government a euro22.5 billion guarantee on potential losses as it posted Thursday a euro3.6 billion first quarter loss, due to write-downs on asset-backed securities.
The Belgian federal government said the sum includes the option to recapitalize the bank with up to euro2 billion. KBC said it would also call in the Flemish regional government's offer of an extra euro1.5 billion cash infusion.
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| //12-05-2009 |
Available through the Merrill Lynch Bank Deposit Program
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| //12-05-2009 |
Morgan Stanley (NYSE: MS) announced that it has priced a public offering of 146 million shares of common stock to the public at $24.00 per share for total gross proceeds of approximately $3.5 billion. The underwriters will have a 30-day option to purchase up to an additional 21.9 million shares of common stock from Morgan Stanley.
Additionally, Morgan Stanley today priced a public offering of $4 billion in aggregate principal amount of senior notes. The notes will not be guaranteed by the FDIC.
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| //12-05-2009 |
Bank of New York Mellon Corp. (BK) raised $1.2 billion in a follow-on offering of its common shares, pricing 42 million shares at $28.75 Monday night.
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| //11-05-2009 |
The results are in. Now the largest U.S. banks are jockeying to show who are the true winners from the government-conducted stress tests.
Less than 18 hours after the Federal Reserve released estimates for how much more capital banks will need to handle losses in a worsening economy, some major players already were moving to put their troubles behind.
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| //11-05-2009 |
China CITIC Bank Corporation said that it has agreed to acquire a 70.32% interest in CITIC International Financial Holdings Limited or CIFH for HK$13.56 billion, in cash, from Gloryshare Investments, a wholly owned subsidiary of CITIC Group.
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| //11-05-2009 |
First quarter net loss attributable to UBS shareholders of CHF 1,975 million
Losses driven primarily by risk positions in businesses now exited or in the process of being exited by the Investment Bank
Results include a CHF 0.6 billion goodwill impairment charge related to the announced sale of UBS Pactual
Net new money outflows totaled CHF 23.4 billion for Wealth Management & Swiss Bank; Wealth Management Americas reported net new money inflows of CHF 16.2 billion; net new money outflows slowed to CHF 7.7 billion in Global Asset Management
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| //08-05-2009 |
WHAT ARE THE MERRILL LYNCH BANK DEPOSIT PROGRAM AND FULLY FDIC INSURED SWEEP?1
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| //08-05-2009 |
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS), 70.3% owned by the U.K. government, Friday said it posted a net loss in the first quarter and said 2009 and 2010 will be tough years for the bank.
The bank swung to a first-quarter net loss of GBP857 million, after a profit of GBP245 million in the year-ago period, although total income rose 26% to GBP9.7 billion from GBP7.72 billion a year earlier.
The loss reflected a surge in impairments, at GBP2.86 billion, up from GBP656 million, somewhat offset by a strong performance from the ...
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