| //29-01-2010 |
SAN FRANCISCO (MarketWatch) -- The credit crunch continued to take its toll on the banking industry as regulators closed five U.S. banks, bringing the total number of failures for the year so far to 14.
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| //29-01-2010 |
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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| //29-01-2010 |
Deutsche Bank's Global Transaction Banking division today announced that it has strengthened its ties with Eurogiro, a leading global payments network and community. Eurogiro is the second largest network for cross-border payments with a focus on connecting the world's postal organizations, post banks, banks and other financial institutions. Deutsche Bank will take an 8% equity stake in the company
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| //25-01-2010 |
Q4 Record Revenue of $22.7 billion; Q4 Net Income of $2.8 billion
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| //25-01-2010 |
Barclays donates a total of £500,000 to relief and aid efforts in Haiti
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| //25-01-2010 |
The Board of Directors (the “Board”) of Bank of China Limited (the “Bank of China” or the “Bank”) resolved, at its board meeting on 22 January, the resolutions in relation to the general mandate to issue new shares and proposed to issue no more than RMB 40 billion A share convertible corporate bonds (the “Convertible Bonds”) under such general mandate. The proposals will be subject to shareholders’ approval at the 2010 first Extraordinary General Meeting to be held on 19 March 2010.
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| //23-01-2010 |
Wells Fargo surveyed 1,000 male and female online banking customers across all age groups to measure their online engagement, sophistication and habits, which signify “digital age.” Those described as “digital adults” use advanced online tools most frequently for daily tasks and to interact with others and look to the Internet for their entertainment. “Digital novices,” in contrast, have a general understanding of online tools and use them to manage basic tasks, but don’t yet take the next steps to interact with others online or manage their more complex tasks through the Web. “Digital Teens” are somewhere in between. You can find your own digital age by taking the quiz at https://labs.wellsfargo.com/#survey.
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| //23-01-2010 |
Valuable education and life skills offered to vulnerable pupils excluded from school
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| //18-01-2010 |
Deutsche Bank outlined its 2010 China economic and market outlook at the Bank's 8th annual DB Access China Conference in Beijing. The forum, held 11-14 January and attended by 1,000 investors, is one of the largest investor conferences in China.
The keynote presentation was delivered by Dr. Jun Ma, Deutsche Bank's Chief Economist for Greater China, rated the No. 1 Asia Economist and joint No. 1 China Analyst in the Institutional Investor 2009 All-Asia Research Team Poll. Dr. Ma expects China's 2010 GDP growth to accelerate slightly to 9.0%, and for growth in 2011 to remain largely unchanged.
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| //18-01-2010 |
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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| //18-01-2010 |
Bank of China’s 2008 annual report won more international awards following the honors received in July 2009. The Bank’s annual report was announced as the “Best Annual Report/Formal Disclosure” in the IR Magazine annual awards gala, being the only Chinese commercial bank winning the title, and “Citation for Corporate Governance Disclosure” by the Hong Kong Management Association (HKMA).
IR Magazine commended that “Bank of China’s annual report is straightforward in the company’s proactive growth strategy. Its continued narrative style has been widely accepted by the market”. HKMA believes “Bank of China’s annual report exhibits a high degree of compliance with the disclosure requirements of accounting standards, the Listing Rules, and the Companies Ordinance as well as the provision of additional voluntary information”.
IR Magazine’s annual awards competition is the most prominent competition for excellence of Investor Relations among public companies. The magazine invites analysts and fund managers across the global to vote for their preferred companies with best Investor Relations.
HKMA organizes the most respected annual report competition in Hong Kong. Each year the competition attracts more than 100 entries from companies/institutions in Hong Kong.
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| //18-01-2010 |
Company Initiated or Completed Three Modifications for Every One Foreclosure Sale on Owner-Occupied Properties in Fourth Quarter of 2009
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| //15-01-2010 |
Deutsche Bank announced today the launch of its Saudi Talent Pool Initiative, aimed at attracting highly qualified Saudi nationals through a two year training program at the Bank.
Fresh graduates of finance, information technology and business administration with outstanding performance will be offered a paid traineeship that will allow them to receive comprehensive hands-on experience within Deutsche Bank's various business lines, and in the Bank's global headquarters.
Jamal Alkishi, Deutsche Bank's Chief Country Officer in Saudi Arabia, said "This initiative comes to reaffirm Deutsche Bank's commitment to Saudi Arabia, and is a manifestation of our goal to contribute towards the shaping of the financial sector. This Initiative will offer the local talent the opportunity to gain an invaluable experience and the skills necessary to excel in an ever-evolving market place and subsequently enrich the banking sector in the Kingdom."
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| //15-01-2010 |
Emerging markets will continue to be the consumer sector's growth engine in the years to come, as consumers in the developed markets are forced to cut back on spending. Credit Suisse research analyst, Olivier P. Müller, explains why.
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| //13-01-2010 |
Wells Fargo Funds Management, LLC, the advisor to the Wells Fargo Advantage Funds®, and its affiliate Evergreen Investment Management Company, LLC, the advisor to the Evergreen Funds, have announced plans to streamline and strengthen their mutual fund product offerings. The plans include a series of fund mergers, reorganizations, and liquidations which, following approval by fund shareholders, will result in a Wells Fargo Advantage Funds family offering 128 mutual funds, variable trust funds, and Wells Fargo Managed Account CoreBuilder® Shares, representing what we believe to be the best investment management talent from both firms.
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| //13-01-2010 |
To help victims of the earthquake in Haiti, Wells Fargo & Company (NYSE: WFC) said today it is contributing $100,000 to the American Red Cross disaster relief fund to assist with recovery efforts.
“On behalf of all our 280,000 team members I want to express our sympathy for the victims and their families of this major earthquake,” said Wells Fargo’s Chairman and CEO John Stumpf. “We have a substantial number of team members and customers in Florida and throughout the East Coast with families in Haiti. As Haiti continues to assess the damage from this horrifying disaster, we want to do what we can to support relief efforts.”
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| //11-01-2010 |
Wells Fargo & Company (NYSE: WFC) is scheduled to announce its fourth quarter 2009 earnings on Wednesday, January 20, 2010, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings.
The Company will host a live conference call on Wednesday, January 20, at 7:30 a.m. PST (10:30 a.m. EST). You may participate by dialing 866-872-5161 (U.S. and Canada) or 706-643-1962 (International). Please dial in at least 15 minutes prior to the start of the call. The call will also be available at wellsfargo.com/invest_relations/earnings.
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| //11-01-2010 |
Bank of China’s 2008 annual report won more international awards following the honors received in July 2009. The Bank’s annual report was announced as the “Best Annual Report/Formal Disclosure” in the IR Magazine annual awards gala, being the only Chinese commercial bank winning the title, and “Citation for Corporate Governance Disclosure” by the Hong Kong Management Association (HKMA).
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| //11-01-2010 |
Swiss retail turnover is expected to fall by around 0.5 percent in 2010, according to the annual survey of the retail trade by Credit Suisse and consulting firm Fuhrer & Hotz. This exclusive survey among decision-makers in the retail trade and manufacturing industry suggests that underlying sentiment is still positive for 2010. The economists at Credit Suisse take a cautious stance, however, as they see consumer sentiment being impaired by rising unemployment in 2010. The continued fall in inward migration should lend positive, albeit declining, impetus to the retail trade.
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| //09-01-2010 |
Europe is in the midst of a balanced and sustainable recovery, spurred by consumer and corporate spending as well as exports. “2010 growth may well surprise to the upside,” according to Robert Barrie, Credit Suisse’s chief European economist. He forecasts that Germany will be the continent’s growth engine in the year to come.
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