| //17-10-2008 |
Even as the U.S. government moves to plug holes in American banks, new gaps keep appearing.
As two financial giants, Citigroup and Merrill Lynch, reported fresh multibillion-dollar losses on Thursday, the industry passed a grim milestone: All of the combined profits that major U.S. banks earned in recent years have vanished.
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| //17-10-2008 |
$7.5-billion Q3 loss. Cites writedowns, credit losses on debt securities
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| //17-10-2008 |
LONDON: Lending rates between banks in the United States and Europe continued to fall Thursday, evidence that credit markets were thawing gradually, as the Bank of England relaxed rules for banks to obtain credit.
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| //17-10-2008 |
HSBC Holdings plc has today further strengthened the capital base of its UK subsidiary, HSBC Bank plc, fulfilling its agreed commitment to the UK government’s banking sector scheme announced yesterday, through an equity injection of £750million, representing one per cent of the total shareholders' equity of the HSBC Group as at 30 June 2008.
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| //17-10-2008 |
Sustainable orientation to more growth
Investments in both Germany and European core markets
Strong growth in staff coupled with greater efficiency
Expansion of branch network by roughly 400 locations
Pre-tax profit target of EUR 2 billion in 2012
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| //16-10-2008 |
Oct. 16 (Bloomberg) -- Europe's central banks are intensifying efforts to jolt credit markets back to life.
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| //16-10-2008 |
THE global financial crisis shifted gears on Thursday with fears of recession rattling financial markets even as governments sought yet more action to stop the world economy grinding to a halt.
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| //16-10-2008 |
Assets increase 21% from prior year-- "No high risk mortgage loan or investments on our books"
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| //16-10-2008 |
Banking giant books its fourth straight quarterly loss but the loss was smaller than expected.
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| //15-10-2008 |
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| //15-10-2008 |
European central banks have matched heavy demand for dollar liquidity by pumping more than $250bn into financial markets in the latest move to restore their proper functioning.
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| //15-10-2008 |
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| //15-10-2008 |
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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| //13-10-2008 |
WASHINGTON -- By adopting a banking rescue plan based on efforts in Great Britain, European leaders took a very different approach from Washington's.
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| //13-10-2008 |
Oct. 13 (Bloomberg) -- U.S. equity futures gained after the worst week for stocks in 75 years, boosted by the government's plan to buy stakes in banks and a Federal Reserve official's pledge to ``consider every option'' for restoring confidence.
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| //13-10-2008 |
The World Bank and the International Monetary Fund (IMF) warned on Sunday that developing countries could suffer serious consequences of financial crisis.
"Developing and transition countries (DTCs) could suffer serious consequences from any prolonged tightening of credit or sustained global slowdown," said a communique released after the meeting of the Development Committee of the Bank and the IMF.
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| //13-10-2008 |
PARIS: European leaders agreed yesterday on a plan to jointly confront the banking crisis by recapitalising banks and guaranteeing future bank debts, French President Nicolas Sarkozy said.
"This is indeed a joint action that we are undertaking," Sarkozy told a news conference following a summit of the leaders of the 15-nation euro zone single currency bloc. "This plan addresses all aspects of the financial crisis."
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| //10-10-2008 |
Removing Deposit Insurance Limits Also on the Table
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| //10-10-2008 |
WASHINGTON -- Leaders of the International Monetary Fund and the World Bank called for swift, coordinated action on the global financial crisis.
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| //10-10-2008 |
NEW YORK (AP) — Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates — a bad sign for the credit markets that remain close to paralysis.
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