| //06-04-2009 |
Industrial and Commercial Bank of China Limited released its Annual Report of Corporate Social Responsibility (2008) on March 25th, 2009 in compliance with the request of Shanghai Stock Exchange. It is reported that it is the first time ICBC worked out its CSR report according to the Sustainability Reporting Guidelines created by GRI (Global Reporting Initiative), and to engage an independent third-party for verification of the corporate social responsibility report.
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| //06-04-2009 |
Standard Chartered PLC today announced another exceptional performance for 2008 with income rising 26 per cent to US$13.97 billion and operating profit before tax (OPBT) 13 per cent to $4.57 billion, in what was a difficult operating environment particularly in the second half. Almost 80 per cent of the income growth came from organic businesses.
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| //05-04-2009 |
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| //04-04-2009 |
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| //04-04-2009 |
Approximately 1000 respondents, representing nearly $1.1 trillion in global hedge fund assets, participated in the industry's largest comprehensive hedge fund investor survey
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| //03-04-2009 |
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| //30-03-2009 |
Credit Suisse published its most important annual public documents for 2008: the Annual Report, Business Review and Corporate Citizenship. All three reports are available in English and German.
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| //30-03-2009 |
Agenda for the annual general meeting of UBS AG on 15 April 2009
UBS AG today sent the agenda for the annual general meeting (AGM) of UBS AG on 15 April 2009 to its shareholders. The agenda items are as follows:
1. Annual report, Group and Parent Bank accounts for financial year 2008 Reports of the statutory auditors
1.1. Approval of annual report and Group and Parent Bank accounts
1.2. Advisory vote on principles and fundamentals of the new compensation model for 2009
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| //30-03-2009 |
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) published its Annual Report for the financial year 2008. The Annual Report consists of the Annual Review and the Financial Report. The Annual Review provides information about Deutsche Bank's structure, core businesses, capital market performance, human resources and social responsibility activities. The Financial Report contains the audited consolidated financial statements for the financial year 2008, which have been prepared according to International Financial Reporting Standards (IFRS). Deutsche Bank is also publishing its Form 20-F, which will be filed with the U.S. Securities and Exchange Commission (SEC) later today.
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| //26-03-2009 |
Mitsubishi UFJ Financial Group, Inc. ("MUFG") (NYSE: MTU) and Morgan Stanley (NYSE: MS) today announced that they have signed a memorandum of understanding ("MOU") to form a securities joint venture combining Mitsubishi UFJ Securities Co., Ltd. and Morgan Stanley Japan Securities Co., Ltd.
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| //26-03-2009 |
China's timely action to support the economy is bearing fruit, central bank governor Zhou Xiaochuan said on Thursday.
In a paper posted on the website of the People's Bank of China, www.pbc.gov.cn, Zhou said steps taken by the authorities had arrested the slowdown of the world's third-largest economy and some green shoots of recovery were visible.
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| //26-03-2009 |
The government's financial system bailout/rescue plan focuses on the lack of lending to consumers and businesses as banks in the country preserve cash to repair their balance sheets. The TARP's Capital Assistance Program designed under former Treasury Secretary Hank Paulson provided (and perhaps forced) capital to banks of all sizes, beginning with eight institutions in late October 2008.
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| //25-03-2009 |
Bank of China Ltd., the world’s third-largest lender by market value, rose in Hong Kong trading after announcing a better-than-expected dividend payout and Deutsche Bank AG and UBS AG analysts raised their target prices.
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| //25-03-2009 |
TOKYO (Reuters) - Mitsubishi UFJ Financial Group (8306.T) will delay its planned acquisition of Citigroup's (C.N) Japanese trust bank as it takes a closer look at the trust bank's exposure to a failed lender, the Mainichi newspaper reported on Wednesday.
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| //25-03-2009 |
WASHINGTON (Reuters) - President Barack Obama said on Tuesday that U.S. Treasury Secretary Timothy Geithner had defied critics who did not believe he could deliver a plan to stabilize the banking system.
Obama said the administration will face more criticism but is moving in the right direction to set the struggling sector on sound footing.
"I'm sure there will be more criticism and we'll have to make more adjustments, but we're moving in the right direction," Obama said during a televised news conference
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| //25-03-2009 |
Hong Kong, 25 March 2009 – Industrial and Commercial Bank of China Limited ("ICBC" or the "Bank", SSE: 601398; SEHK: 1398) today announces its annual results for the financial year 2008. Based on International Financial Reporting Standards, ICBC's profit after tax for the year ended 31 December 2008 was RMB 111.2 billion, up 35.2% from the year 2007. Earnings per share were RMB 0.33. This has been the sixth consecutive year of high growth since 2003. During these six years, the compound annual growth rate of after tax profit was 37.5%, making ICBC one of the world's fastest growing major international banks. In 2008, ICBC strengthened its position as the world's largest bank by market value and became the most profitable bank in the world.
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| //24-03-2009 |
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| //24-03-2009 |
Based in the City of London, the bank’s largest single shareholder is HSBC Bank Middle East, a principal member of the HSBC Group. BACB’s other shareholders comprise central and state-owned commercial banks from the Arab world.
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| //24-03-2009 |
March 24 (Bloomberg) -- Deutsche Bank AG and Credit Suisse Group AG, two of Europe’s biggest banks, said 2009 started well after they posted losses last year and cut the compensation of their chief executive officers by about 90 percent.
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| //23-03-2009 |
In 2008, ICBC shook off the fallout of capital markets volatility and maintained momentum in steady and healthy development of assets trusteeship. With the net worth of assets under custody around RMB1.1438 trillion, ICBC had proven itself as the sole custodian bank managing assets exceeding RMB1 trillion at the end of 2008, a leader in this area for 11 consecutive years. Meanwhile, ICBC ranked No. 1 in securities investment funds, corporate annuities funds, insurance assets and other forms of trusteeship.
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