| //24-09-2008 |
The bloodbath on Wall Street began with the bankruptcy of Lehman Brothers and the sale of Merrill Lynch ¡ª two of the world¡¯s biggest investment banks with combined assets of $1.5 trillion ¡ª and a US government bailout of American Insurance Group (AIG), the world¡¯s biggest insurer. On Sunday, the landscape of Wall Street was fundamentally altered with investment banks Morgan Stanley and Goldman Sachs converting themselves into traditional bank holding companies.
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| //24-09-2008 |
Private banks like to say they put their clients first. But the resignation of Sallie Krawcheck from Citigroup shows that products often get first priority.
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| //24-09-2008 |
Washington Mutual (WM) falls 0.92 to 3.33. S&P notes according to an unconfirmed report in The Wall Street Journal, potential buyers of WM are pushing for a government-assisted takeover; it says this is largely due to WM's deteriorating assets, which could result in writedowns of up to $19 billion. S&P maintains hold.
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| //23-09-2008 |
We've got some great news that we wanted to share with you: Citibank.com was ranked the best overall online banking web site by Keynote (www.keynote.com) in its Q2 2008 Banker Scorecard, which reviewed the sites of 26 financial institutions in the U.S.
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| //23-09-2008 |
It is reported that ICBC won four important awards including "Best Consumer Internet Bank of China", "Best Corporate/Institutional Internet Bank of China", "Best Consumer Internet Bank of Investment Management of Asia" and "Best Investment Management Corporate/Institutional Internet Bank of Asia" in a "2008 Internet Banks" Vote organized by US Global Finance recently. So far, ICBC has won the title of "Best Consumer Internet Bank of China" for successive six years.
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| //23-09-2008 |
HSBC has achieved the UK's first 'Excellent' rating for design and procurement of its new North London Data Centre under the Building Research Establishment's BREEAM Certification.
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| //22-09-2008 |
Funds Support International Coastal Cleanup and New Ocean Climate Program
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| //19-09-2008 |
A possible combo with Wachovia could provide some relief, and offer a number of pitfalls
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| //19-09-2008 |
NEW YORK: Three Merrill Lynch & Co. directors will join the board of Bank of America Corp. after BofA's acquisition of the brokerage is completed next year, according to a regulatory filing.
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| //19-09-2008 |
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| //19-09-2008 |
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| //19-09-2008 |
Now that the government is bailing out the finance industry, taxpayers should be in the driver's seat -- not politicians beholden to Wall Street.
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| //19-09-2008 |
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| //18-09-2008 |
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| //18-09-2008 |
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| //18-09-2008 |
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| //18-09-2008 |
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| //17-09-2008 |
SINGAPORE/TOKYO (Reuters) - Japan and Australia pumped more emergency funds into money markets on Wednesday, as a U.S. government bailout of insurer AIG did little to ease a funding squeeze triggered by the crisis engulfing Wall Street.
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| //17-09-2008 |
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| //17-09-2008 |
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