| //24-12-2008 |
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| //24-12-2008 |
Standard Chartered Bank (Hong Kong)
Limited (the ¡°Bank¡±) announces that its Best Lending Rate will remain unchanged
at 5.25 percent per annum.
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| //22-12-2008 |
As major banks crumble under the weight of toxic debt, deposits have surged at small banks that provide a sense of security in the warm and friendly way they do business.
But though many small banks avoided high-risk loans, banking experts warn that friendly doesn't always mean safe.
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| //22-12-2008 |
Standard Chartered Bank has completed the acquisition of an additional 25.9 per cent stake in Standard Chartered-STCI Capital Markets Limited (formerly UTI Securities Limited) to take its total holding in the company to 74.9 per cent. The company currently offers its services under the brand 'Standard Chartered Wealth Managers'
|
| //22-12-2008 |
The Bank and Bank of China (Hong Kong) Limited (¡°BOCHK¡±), the principal operating subsidiary of BOC Hong Kong (Holdings) Limited, have approved in principle the main terms of a subordinated credit facility agreement pursuant to which the Bank will extend a US$2,500,000,000 subordinated credit facility to BOCHK
|
| //20-12-2008 |
Deutsche Bank (XETRA:DBKGn.DE / NYSE:DB) has decided not to exercise its early redemption option to call the Notes at par because replacement costs would be more expensive than the existing EURIBOR +88 bps step-up coupon. Accordingly, the Notes' early redemption provision at the option of the issuer is not in-the-money.
|
| //19-12-2008 |
Dec. 19 (Bloomberg) -- Goldman Sachs Group Inc., UBS AG and Deutsche Bank AG are among 12 financial companies whose ratings or outlooks were cut by Standard & Poor¡¯s, which cited increased risks for the whole banking industry
|
| //19-12-2008 |
Dec. 19 (Bloomberg) -- Bank of America Corp.¡¯s plan to sell about $2.8 billion of shares in China Construction Bank Corp. was undone by a Chinese securities law provision that would have forced it to forfeit profits from the sale, two people familiar with the matter said.
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| //19-12-2008 |
TOKYO -- Three days after the Federal Reserve cut its key interest rate to a historic low, the Bank of Japan played catch-up Friday by lowering its benchmark rate to just above zero.
|
| //19-12-2008 |
Supplement portfolio with selected equity, gold and inflation-indexed bonds in order to weather future economic trends
|
| //19-12-2008 |
Dame Mary Marsh (62) has been appointed an independent non-executive Director of HSBC Bank plc with effect from 1 January 2009.
|
| //18-12-2008 |
NEW YORK (Reuters) - Goldman Sachs Group Inc wants to expand deposits by as much as fivefold in the next year, but the newly minted bank holding company remains wary of buying institutions that bring other troubles with them, Chief Financial Officer David Viniar said.
|
| //18-12-2008 |
Morgan Stanley reported a fourth-quarter loss of $2.36 billion ¡ª or $2.34 a share ¡ª on Wednesday, as the bank remained battered by old investments.
|
| //18-12-2008 |
Given the market dislocation and the extreme volatility, aggravated by Lehman's bankruptcy and its violent market repercussions, which have continued since the end of September, BNP Paribas' Corporate and Investment Banking (CIB) division has realised negative revenues in November, as it did in October.
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| //18-12-2008 |
Bank of America Corporation announced the Board of Directors authorized a regular quarterly dividend of $18.1250 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on January 30, 2009 to shareholders of record as of January 1, 2009.
|
| //17-12-2008 |
The results of selection of "Bank of the Year" organized by UK The Banker were announced recently and Industrial and Commercial Bank of China Limited (ICBC) showed itself in the ferocious competition in Asia region by wining the title of the "Bank of the Year in Asia" for the first time. Simultaneously the bank obtained the honor of "Bank of the Year in China" for the 7th time.
|
| //17-12-2008 |
HSBC notes various articles appearing in the press today regarding the Group's exposure to the alleged fraud at Madoff Investment Securities LLC ("Madoff"), which is under criminal investigation in the USA.
|
| //17-12-2008 |
Deutsche Bank has been named “Best Bank” by FinanceAsia in the magazine’s strongly contested Awards for Achievement, 2008.
|
| //16-12-2008 |
HONG KONG -(Dow Jones)- UBS AG (UBS) had sought to sell US$3.1 billion worth of China Construction Bank Corp. (0939.HK) shares owned by Bank of America Corp. (BAC) over the weekend, but the deal was canceled Monday, people familiar with the situation told Dow Jones Newswires on Tuesday
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| //16-12-2008 |
Dec. 16 (Bloomberg) -- China's central bank Governor Zhou Xiaochuan said he sees pressure to cut interest rates from now until the beginning of next year as growth slows amid a collapse in exports.
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