| //27-10-2008 |
GOVERNMENTS could be forced into further urgent, co-ordinated action as early as this week as the world economy threatens to go into meltdown, economists are warning.
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| //27-10-2008 |
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| //27-10-2008 |
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| //27-10-2008 |
Oct. 27 (Bloomberg) -- ICICI Bank Ltd., the Indian lender with the biggest losses because of the global credit crisis, may say profit rose 3 percent in the second quarter on higher sales of insurance and mutual funds and more loans.
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| //27-10-2008 |
Oct. 27 (Bloomberg) -- The Bank of Korea slashed interest rates by a record at an emergency board meeting in an attempt to bolster markets as the nation faces its biggest crisis since requiring an International Monetary Fund bailout 10 years ago.
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| //26-10-2008 |
500 free seminars across the U.S. will help parents and students prepare for college financial planning
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| //26-10-2008 |
SINGAPORE/LONDON (Reuters) - Central banks are likely to launch new coordinated emergency action this week to calm the panic sweeping financial markets, which could be rocked further by data pointing to global recession.
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| //22-10-2008 |
France’s top six banks are to receive a €10.5 billion (£8.2 billion) cash injection from the Government by the end of the year in a move designed to oil the wheels of a rusting economy, Christine Lagarde, the Finance Minister, said last night.
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| //22-10-2008 |
The Hongkong and Shanghai Banking Corporation Limited, through its wholly-owned subsidiary HSBC Asia Pacific Holdings (UK) Limited, has entered into agreements to acquire 88.89 per cent of PT Bank Ekonomi Raharja Tbk ("Bank Ekonomi") for a consideration of US$607.5 million (or IDR 2,452 per share) to be paid in cash from HSBC's own resources.
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| //22-10-2008 |
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| //22-10-2008 |
Industrial and Commercial Bank of China (ICBC) held a grand opening ceremony in New York, and presented its New York branch to US business community. As the first branch set up by ICBC in the United States, its successful debut in, and recognition by, U.S. business community not only further improves ICBC's global financial services network, but also marks a major breakthrough in the implementation of its international business strategy.
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| //21-10-2008 |
ENID, Okla., Oct 21, 2008 /PRNewswire via COMTEX/ -- Keith Schooley, a former star financial consultant with Merrill Lynch, warns Bank of America CEO Kenneth Lewis that he may soon experience buyer's remorse over his acquisition of Wall Street's fallen idol.
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| //21-10-2008 |
Oct. 21 (Bloomberg) -- Parmalat SpA's loss of a $1.92 billion damages trial against Citigroup Inc. shattered investor optimism that the Italian dairy company may recoup money from Bank of America Corp.
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| //21-10-2008 |
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| //21-10-2008 |
All Chase Bank locations in the Denver area are expected to be open as usual on Tuesday following a scare involving letters containing white powder.
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| //20-10-2008 |
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| //20-10-2008 |
Oct. 20 (Bloomberg) -- The yen fell against the dollar and the euro as state-backed bank rescue plans helped reduce the cost of borrowing between banks, encouraging purchases of higher-yielding currencies funded in Japan.
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| //20-10-2008 |
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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| //20-10-2008 |
Oct. 20 (Bloomberg) -- Money-market rates fell in Europe and Asia, extending last week's declines, as policy makers intensified efforts to combat a collapse in bank lending.
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| //20-10-2008 |
On October 15th, 2008, Industrial and Commercial Bank of China (ICBC) held a grand opening ceremony in New York, and presented its New York branch to US business community. As the first branch set up by ICBC in the United States, its successful debut in, and recognition by, U.S. business community not only further improves ICBC's global financial services network, but also marks a major breakthrough in the implementation of its international business strategy.
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