| //17-07-2008 |
WASHINGTON -- Failed lender IndyMac Bank is among nearly two dozen banks under scrutiny by the Federal Bureau of Investigation for possible mortgage fraud, U.S. officials said.
The big Pasadena, Calif., bank was seized by regulators last week, the third-largest bank failure in U.S. history. It specialized in home loans to borrowers who lacked full documentation for their income or assets and have a ...
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| //17-07-2008 |
An increase in loan reserves cuts into second-quarter earnings at U.S. Bancorp.
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| //17-07-2008 |
One operates an estimated $63 billion portfolio of 118 shopping centers and malls in the U.S., United Kingdom, Australia and New Zealand.
Another manufactures and markets toys through a company with an estimated $35 million in annual sales and corporate offices in New York City, Holland, Hong Kong and Taiwan.
And a third is a Florida-based construction contractor who reportedly amassed more than $49 million in family assets.
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| //16-07-2008 |
Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of 34 cents per share, up 10 percent from the previous dividend of 31 cents per share – the 21st consecutive year Wells Fargo has increased its dividend. The dividend is payable September 1, 2008, to stockholders of record on August 8, 2008. The Company has approximately 3.3 billion shares outstanding.
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| //15-07-2008 |
Deutsche Bank has been presented with a string of awards in Euromoney magazine¡¯s annual Awards for Excellence 2008.
Most impressively, Deutsche Bank was named Best Global Foreign Exchange House, as well as Best Risk Management House.
In announcing the awards, Euromoney noted that Deutsche Bank continued to lead the way in the foreign exchange market, providing clients with a ¡°consistency of service delivery through the year.¡±
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| //11-07-2008 |
TOKYO -(Dow Jones)- Shinsei Bank Ltd. (8303.TO) said Friday it will buy General Electric Co.'s (GE) consumer finance businesses in Japan for Y580 billion.
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| //11-07-2008 |
Citigroup has sold its German retail banking business to Crédit Mutuel, France's third-largest retail bank, for €4.9 billion (£3.9 billion).
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| //11-07-2008 |
Yesterday, as expected, the Bank of England left the Bank Rate unchanged at 5%. Few people, if any, were surprised by this decision, given the inflationary situation. The reasons behind the recent increases in prices inflation have been well rehearsed.
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| //11-07-2008 |
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| //10-07-2008 |
WASHINGTON (AFP) — Wachovia Corp named US Treasury Department Under Secretary Robert Steel as its new chief executive Wednesday after the commercial banking giant ousted its previous CEO over hefty mortgage-related losses
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| //10-07-2008 |
The action in the U.S. bank stocks on Tuesday gave technical analysts hope that the long-suffering sector might finally be turning the corner, but obviously a lot of investors didn't see it that way. They continue to sell.
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| //10-07-2008 |
NEW YORK (Thomson Financial) - Bank of America Corp. Chief Executive Kenneth Lewis said he sees no reason for the bank to either raise capital, or to cut dividends, as feared by the financial markets.
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| //07-07-2008 |
HONG KONG, July 7 (Reuters) - Hong Kong shares jumped 2.3 percent on Monday in their biggest gain in 13 weeks, on the back of strong advances in Chinese financials after positive earnings estimates from three banks.
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| //07-07-2008 |
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| //04-07-2008 |
It was reported that since this year, the custodian service by ICBC has won seven domestic and international awards consecutively, among which three major authoritative international financial media, The Assets of Hong Kong, Global Custodian of UK, and Global Finance of US, all granted the award of "2007 Best Sub-Custodian Bank in China" to ICBC.
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| //03-07-2008 |
HSBC will commence banking operations in Georgia on Monday, unveiling a six-storey flagship branch and head-office premises on Rustaveli Avenue in the heart of the capital Tbilisi. The Group was awarded a local banking licence in July 2007 and will operate under the name HSBC Bank Georgia. This brings to 84 the number of countries and territories in which HSBC has a presence.
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| //02-07-2008 |
July 2 (Bloomberg) -- Deutsche Bank AG jumped the most in more than three months in Frankfurt trading, reversing four days of declines after the bank said it will report a profit in the second quarter and won't need additional capital.
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| //02-07-2008 |
A Miami judge has authorised United States officials to seek information from Switzerland's largest bank, UBS, on taxpayers suspected of evading income taxes.
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| //01-07-2008 |
ICBC is the June 2008 voting prizewinner! Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes.
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| //01-07-2008 |
HONG KONG (MarketWatch) -- Australia's central bank kept its short-term interest rate target at a decade-high 7.25% Tuesday, as expected. In an accompanying statement Reserve Bank of Australia Gov. Glenn Stevens said past interest-rate hikes and tighter lending standards have led to substantial tightening in financial conditions since the middle of last year.
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