| //20-02-2009 |
Wells Fargo and Bank of America said Thursday that they would extend their foreclosure moratoriums in the wake of President Obama introducing his plan to help as many as 9 million home owners avoid foreclosure.
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| //20-02-2009 |
Barclays Global Investors hired former Citigroup (C.N) executive John Longley to head national accounts for the U.S. iShares exchange traded funds.
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| //20-02-2009 |
Deutsche Bank has achieved financial close on the long-term refinancing of 4 photovoltaic power parks on the island of Mallorca, Spain. All 4 parks, which supply a total of 8.3 megawatts climate-friendly energy, are fixed photovoltaic installations and all benefit from the old Spanish tariff regime under Royal Decree RD 661.
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| //19-02-2009 |
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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| //19-02-2009 |
UBS AG (UBS) announced today that the U.S. Internal Revenue Service (IRS), as was expected, has commenced a civil action in the U.S. District Court for the Southern District of Florida seeking judicial enforcement of a civil "John Doe" summons that was served upon UBS in July 2008.
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| //17-02-2009 |
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| //17-02-2009 |
Failure activity accelerated late Friday, as regulators shut four banks totaling just over $1 billion in assets.
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| //16-02-2009 |
Moody's Investors Service today downgraded the long-term bank deposit and senior debt ratings of Lloyds TSB Bank (LTSB) to Aa3 from Aaa and the senior debt rating of Lloyds Banking Group (Lloyds) to A1 from Aa1. The debt ratings have a stable outlook.
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| //16-02-2009 |
Nouriel Roubini can see that the 'N' word might be a little difficult for Western governments to swallow right now. But for him, it's the right – indeed, the only – route to follow.
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| //16-02-2009 |
It was reported that by the end of January of 2009, ICBC's total assets has exceeded RMB 10,000 billion and become the first domestic enterprise with total assets breaking through RMB 10,000 billion.
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| //13-02-2009 |
Ireland's battered economy received a double blow on Thursday as its finance minister faced calls to resign and Bank of Ireland nearly doubled its worst-case scenario for bad debts, spooking investors.
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| //13-02-2009 |
In 2008, with moderate operation guideline, ICBC overcame the negative influence brought by the financial crisis and positively steadily boosted its strategy of internationalization development. By far all ICBC's overseas business institutions are keeping good momentum and have realized the stable healthy development in operation scale and benefit.
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| //13-02-2009 |
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| //13-02-2009 |
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| //12-02-2009 |
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| //12-02-2009 |
Bank of America Corp., JPMorgan Chase & Co. and Morgan Stanley may decide after enduring yesterday’s Congressional hearing that the old Troubled Asset Relief Program is more trouble than it’s worth.
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| //12-02-2009 |
Wall Street banks have taken billions of taxpayer dollars. Now some of them are starting to wonder if they should give the money back.
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| //11-02-2009 |
UBS AG, Switzerland’s biggest lender, said it will offer investment bankers more pay this year after announcing 2,000 additional job cuts at the unit.
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| //11-02-2009 |
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said the financial industry shouldn’t abandon the “mark-to-market” accounting rules that some banks blame for aggravating global economic woes.
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| //11-02-2009 |
Treasury Secretary Tim Geithner unveiled Tuesday the eagerly-awaited details of the TARP overhaul. Here's what you need to know.
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