| //26-11-2008 |
Rachel Lomax (63) and John Lawson Thornton (54) have been appointed Directors of HSBC Holdings plc with effect from 1 December 2008. They will both be independent non-executive Directors.
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| //25-11-2008 |
One bailout was not enough for Citigroup. And it may not be enough for other big banks.
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| //25-11-2008 |
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| //25-11-2008 |
KUALA LUMPUR -- In a surprise move, Malaysia's central bank cut its key interest rate and lowered banks' reserve requirements in a bid to avert a severe economic downturn.
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| //25-11-2008 |
When the bank giants in Europe and US are busy in raising funds to get over the most serious financial crisis since 1929, the biggest commercial bank in China -- Industrial and Commercial Bank of China Limited (ICBC) started up the building of the IT system of the fourth generation recently. The action shows, after ICBC became the bank with the most market value in the world in 2007 and the most profitable bank in the world in the first half of 2008, ICBC's eyes have fixed on the laurel of the pacemaker of global financial technology.
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| //25-11-2008 |
For the third year in a row, Saxo Bank has been awarded FX Week’s Best Bank for FX for Investors. The Copenhagen-based online trading and investment specialist was again voted into the top spot by FX market professionals and readers of the industry’s flagship publication.
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| //24-11-2008 |
Citigroup the largest financial network soured to the extent the Feds had to run to bail them out, their stocks tumbled in the past week falling a total of 60%, investors thought about taking all their money out as they saw the bank teetering on the edge of a potential failure.
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| //24-11-2008 |
Major markets climb in the early going as investors cheer U.S. aid for financial giant. Citi surges in Germany
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| //24-11-2008 |
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| //24-11-2008 |
Nov. 24 (Bloomberg) -- Goldman Sachs Group Inc. and Citigroup Inc. may lead banks selling bonds guaranteed by the government as soon as this week, starting a wave of issuance that some analysts said will exceed $400 billion.
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| //24-11-2008 |
Now a single account can be fully insured for as much as $250,000 -- until the end of next year. Here's a rundown of how it all works.
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| //21-11-2008 |
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| //21-11-2008 |
Stuart Gulliver (49), executive Director of HSBC Holdings plc and Chief Executive Global Banking and Markets and Global Asset Management, has been appointed a Director and non-executive Chairman of HSBC France with effect from 1 January 2009, with Peter Boyles continuing in his capacity as Chief Executive Officer of the bank. The appointment is subject to regulatory approval in France
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| //21-11-2008 |
Deal provides platform to build out equity capital markets and institutional brokerage business
Standard Chartered PLC announces that its subsidiary, Standard Chartered Bank (Hong Kong) Limited, has entered into an agreement to acquire 100 per cent of Cazenove Asia Limited ("Cazenove Asia"), a leading Asian equity capital markets, corporate finance and institutional brokerage business, from JPMorgan Cazenove. The acquisition is subject to certain regulatory approvals and is expected to be completed in the first quarter of 2009
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| //21-11-2008 |
Nov. 21 (Bloomberg) -- The Bank of Japan held its benchmark interest rate at 0.3 percent and said it will consider pumping more money into the financial system to prop up an economy that fell into a recession last quarter.
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| //21-11-2008 |
Prince Alwaleed Bin Talal, the embattled bank's largest individual shareholder, is raising his stake back to 5%. But stock continues to plunge.
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| //20-11-2008 |
NEW YORK (CNNMoney.com) -- Bank stocks plunged again Thursday with some of the biggest names in the industry falling to their lowest levels in more than a decade. It's anybody guess when the selloff will end.
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| //18-11-2008 |
SINGAPORE, Nov 18 (Reuters) - Citigroup (C.N: Quote, Profile, Research, Stock Buzz) plans to cut around 150 jobs at its wealth management unit in Asia excluding Japan as part of a global restructuring, a source familiar with the plan told Reuters on Tuesday.
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| //18-11-2008 |
HONG KONG (XFN-ASIA) - Bank of East Asia (BEA) and Japan's Sumitomo Mitsui Banking Corp (SMBC) said they signed a memorandum of mutual understanding (MOMU) on a strategic partnership.
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| //18-11-2008 |
Nov. 18 (Bloomberg) -- Bank of America Corp. will pay $7 billion to almost double its stake in China Construction Bank Corp., adding to the purchase of Merrill Lynch & Co. even as it cuts jobs and gets government bailout funds.
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