| //05-01-2010 |
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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| //02-01-2010 |
Stated in the Hanoi business license is the same range of business permitted under Vietnam law in the financial business license issued by The State Bank of Vietnam. This concludes the official inception of Industrial and Commercial Bank of China Limited Hanoi Branch, which is the first Chinese bank coming from Mainland China authorized by Vietnam Government to set up branch in Vietnam since July, 1995.
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| //02-01-2010 |
Standard Chartered today announces a series of Board changes to enhance the experience, depth and diversity of its Board and to further strengthen the governance of the Company.
The Board has appointed three new independent Non-Executive Directors, a Senior Independent Director and a new Group Executive Director and announces that Gareth Bullock, Group Executive Director, will retire from the Board before the next AGM. In order to further improve corporate governance at the Company, it also announces changes to the Board Committee structures as well as changes to the portfolios of the existing team of Group Executive Directors.
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| //02-01-2010 |
Deutsche Bank's Global Prime Finance division today announced the launch of a hybrid custody version of prime brokerage, named DB Integrated Prime Custody. Several large European clients have signed up for the new platform and hundreds of millions of euro value in securities have already been segregated. Although the initial launch focus is on European-based clients, Deutsche Bank expects to offer this product to US-based prime brokerage clients in early 2010.
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| //01-01-2010 |
Deutsche Bank announced the completion of a 250-kilowatt solar photovoltaic (PV) system at its Piscataway, NJ, office. The roof-mounted array will offset a portion of the facility's electricity consumption and reduce its carbon emissions by 143 metric tons annually, equivalent to 16,232 gallons of gasoline.
The solar installation consists of 1,066 roof-mounted PV modules that will generate approximately 270,000 kWh per year at the 83,000-square-foot Piscataway facility. The solar installation is capable of providing nearly 100 percent of the facility's demand for power from the grid during peak daylight hours, and it will produce more than 12 percent of the electricity needed to operate the facility annually. An online energy monitoring system will track the facility's power consumption, solar production and system efficiency. The system was designed and installed by Vanguard Energy Partners, a New Jersey-based leader in the design and installation of large-scale solar electric systems.
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| //31-12-2009 |
Credit Suisse researchers have collected 10 top investment ideas for 2010. "Next year is likely to be a bumpier ride than 2009," says Giles Keating, head of Global Research, "but it's definitely going to be a good year for both equities and commodities."
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| //24-12-2009 |
Editor's Note: In this international financial crisis, Chinese banks' internal systems and corporate governance structure did not show obvious defects. Xiao Gang, chairman of Bank of China Ltd, said Chinese banks should build corporate governance with Chinese characteristics.
The modern corporate governance concept and models in China were basically borrowed from the West.
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| //24-12-2009 |
The UBS Board of Directors announced that it will not initiate legal action against former senior executives in connection with UBS's subprime-related losses and its former US cross-border business for private clients. The Board took its decision after a thorough review of these matters, which included consultation with external legal experts.
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| //23-12-2009 |
Standard Chartered announces a series of Board changes to enhance the experience, depth and diversity of its Board and to further strengthen the governance of the Company.
The Board has appointed three new independent Non-Executive Directors, a Senior Independent Director and a new Group Executive Director and announces that Gareth Bullock, Group Executive Director, will retire from the Board before the next AGM. In order to further improve corporate governance at the Company, it also announces changes to the Board Committee structures as well as changes to the portfolios of the existing team of Group Executive Directors.
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| //23-12-2009 |
Wells Fargo & Company (NYSE: WFC) said today that it has redeemed the $25 billion of series D preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program’s Capital Purchase Program. As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to the U.S. Treasury and U.S. taxpayers to $1.441 billion since the preferred stock was issued in October 2008. As previously stated, by repaying the TARP investment, Wells Fargo will eliminate $1.25 billion in future annual preferred stock dividends. The U.S. Treasury continues to hold warrants to purchase approximately 110 million shares of Wells Fargo common stock at an exercise price of $34.01 per share.
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| //21-12-2009 |
Hedge funds rebounded in November, putting them on track to post their best annual
performance since inception of the Credit Suisse/Tremont Hedge Fund Index (¡°Broad Index¡±) in January 1994. The Broad Index finished up 2.11% for the month, bringing year to date performance to 17.53% through November 30,2009.
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| //21-12-2009 |
Wells Fargo & Company (NYSE: WFC) and Prudential Financial, Inc. (NYSE: PRU) announced today that Wells Fargo will pay $4.5 billion in cash to purchase Prudential¡¯s noncontrolling interest in their retail brokerage joint venture, which includes Wells Fargo Advisors, LLC (collectively, Wells Fargo Advisors).
On December 4, 2008, Prudential publicly announced its intention to exercise its option to put its interest to Wells Fargo, and on June 17, 2009, Prudential advised Wells Fargo in writing of this plan. The purchase price for Prudential¡¯s interest is based upon an agreement between the parties on the value of Wells Fargo Advisors (then known as Wachovia Securities) on January 1, 2008, prior to the contribution of the retail securities businesses of A.G. Edwards & Sons. Wells Fargo will acquire Prudential¡¯s interest on or before December 31, 2009.
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| //21-12-2009 |
Wells Fargo Offers Ten Tips Toward a Happy New Year
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| //21-12-2009 |
In under a year the db x-trackers db Hedge Fund Index ETF has reached more than US$1 billion in assets under management. As of the 8th of December the fund's assets are US$1.05 billion or 715 million Euros.
In January 2009 the db Hedge Fund ETF became the world's first ETF to directly invest in hedge funds via the db Hedge Fund Index. The db Hedge Fund Index is asset weighted to the hedge fund industry and linked to the range of hedge funds available on Deutsche Bank's X-markets Hedge Fund Platform. Since launch the ETF has firmly established itself as liquid and transparent form of access for investors who want exposure to the hedge fund market.
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| //20-12-2009 |
Credit Suisse confirms that it is in exclusive discussions with Fortis Bank Nederland to acquire its Prime Fund Solutions business. This transaction would complement Credit Suisse's industry-leading prime services business and would be in line with the Bank¡¯s client-focused, capital-efficient strategy.
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| //20-12-2009 |
Wells Fargo & Company (NYSE: WFC) said today that underwriters in Wells Fargo¡¯s public offering of 426 million shares of common stock have fully exercised their option to purchase an additional 63.9 million shares. This represents 15 percent of the shares purchased in the original offering.
The combination of the original offering of 426 million shares of common stock plus the additional 63.9 million shares results in a total offering of 489.9 million shares of common stock valued at $12.25 billion.
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| //20-12-2009 |
Outlook 2010
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| //18-12-2009 |
Standard Chartered PLC (along with its subsidiaries the ¡°Group¡±) will be holding discussions with analysts and investors ahead of its close period for the full year ending 31 December 2009. This statement details the information that will be covered in those discussions.
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| //15-12-2009 |
Credit Suisse Presents its ‘Worry Barometer’ Survey for 2009 and Strengthens its Commitment to Combating Youth Unemployment and to Supporting SMEs and Young Entrepreneurs in Switzerland
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| //15-12-2009 |
Deutsche Bank (China) Co. Ltd. ("Deutsche Bank China") today announced that its new Tianjin branch is open for business. The new branch complements Deutsche Bank's existing network in Beijing, Shanghai and Guangzhou and follows approval from the China Banking Regulatory Commission, obtained in July 2009.
Largely transaction and corporate banking focused, the new branch will initially offer services including treasury products and services for foreign exchange and interest rate hedging; structured trade and export finance; and will also provide onshore sales and customer services support to financial institutions.
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