| //16-04-2009 |
U.K. stocks climbed to the highest in two weeks, led by Barclays Plc after President Robert Diamond said better-than-estimated earnings in the industry last quarter aren’t a “one-off” phenomenon.
Barclays, Britain’s third-biggest bank, rose 4.7 percent. Royal Bank of Scotland Group Plc and Lloyds Banking Group also advanced. Bunzl Plc, the region’s biggest supplier of vending machines, and Experian Plc retreated following disappointing sales updates.
|
| //16-04-2009 |
Bank of America Corp. lost Alan Hartman and two more senior health-care investment bankers to Centerview Partners, the latest Merrill Lynch & Co. veterans to leave since its acquisition by the biggest U.S. lender.
Hartman, 44, who helped Bank of America win a role in this year’s biggest merger, is leaving with Mark Robinson, 44, and Richard Girling, 43, to join Centerview, the New York-based advisory boutique said in a stat
|
| //15-04-2009 |
April 15 (Reuters) - Adding to the spate of departures at Merrill Lynch, some senior bankers covering healthcare companies are leaving the bank, which was acquired by Bank of America Corp (BAC.N: Quote, Profile, Research), to join a boutique investment bank in New York, the Wall Street Journal said.
Alan Hartman, head of mergers and acquisitions for the Americas, and two other senior bankers involved in healthcare deals, Richard Girling and Mark Robinson, are joining Centerview Partners, the paper said.
|
| //15-04-2009 |
LONDON ¡ª UBS said on Wednesday that it plans to cut another 7,500 jobs after the Swiss bank lost about 2 billion Swiss francs, or $1.8 billion, in the first quarter and clients withdrew funds.
|
| //15-04-2009 |
This year, Deutsche Bank will present the third Urban Age Award, worth USD 100,000, to a project based in Istanbul, Turkey's largest city. The open call for entries starts now and ends on September 11, 2009.
The Deutsche Bank Urban Age Award recognizes and celebrates creative solutions to the problems and opportunities that face more than half of the world¡¯s population living cities. Accordingly, the award focuses on projects that benefit communities and local residents by improving their urban environments. It seeks to encourage citizens, policymakers, private business and non-governmental organizations to take a proactive role in creating shared responsibilities for the cities of the 21st century ¨C mankind¡¯s first truly ¡®urban¡¯ age.
|
| //14-04-2009 |
Wells Fargo & Company (NYSE: WFC) said today it expects to report record net income of approximately $3 billion for first quarter 2009, or approximately $0.55 per common share after preferred dividends, including $372 million in dividends paid to U.S. taxpayers on the U.S. Treasury’s Capital Purchase Program investment. The Company will report its financial results on April 22, 2009.
|
| //14-04-2009 |
Profit Attributable to Shareholders up 14.42% Year-On-Year to RMB 64.36 Billion
|
| //14-04-2009 |
Recently, the worldly renowned magazine Global Finance announced the results for its 2009 selection of best banks in emerging market countries. ICBC won the title of "Best Bank of China" again, which is also the sixth time that ICBC has won this title.
According to resources, the selection of ICBC by Global Finance is based mainly on the following considerations.
|
| //13-04-2009 |
Industrial & Commercial Bank of China Ltd., the world¡¯s largest lender by market value, said it is also the biggest by deposits after clients stashed another 950 billion yuan ($140 billion) of cash in the first quarter.
Deposits rose to 8.9 trillion yuan as of March 31, the Beijing-based lender said in an e-mailed statement today. Including deposits from financial companies, the figure amounted to 9.78 trillion yuan, it said.
|
| //13-04-2009 |
Richard D. Stanley, chief executive of Singapore's DBS Group Holdings Ltd., has died from complications of leukemia. He was 48.
Stanley joined DBS, Southeast Asia's biggest bank, last May and was diagnosed with acute myelogenous leukemia in January and died Saturday, the bank said in a statement.
"All of us at DBS are deeply saddened by the loss," the bank said. "The board of directors will announce succession plans in due course."
Stanley, a U.S. citizen, is survived by his wife Koh Li Peng and three children, the bank said.
|
| //10-04-2009 |
Cape Fear Bank of Wilmington, N.C., and New Frontier Bank in Greeley, Colo., were closed by regulators, bringing the total number of United States bank failures this year to 23. The Federal Deposit Insurance Corporation was named receiver of Cape Fear. First Federal Savings and Loan Association of Charleston in South Carolina will assume the deposits, and Cape Fear’s eight branches will open on Monday as First Federal offices, the F.D.I.C. said.
|
| //10-04-2009 |
UBS will integrate its group-wide infrastructure and service functions (IT, Human Resources, Procurement, Real Estate and Facility Management) into Corporate Center and will centralize the management of its control functions (Finance, Risk, Legal and Compliance).
Ulrich Körner has been appointed Group Chief Operating Officer and a member of the Group Executive Board with immediate effect. He will lead the Corporate Center in this function and serve on the Group Executive Committee of the bank.
|
| //10-04-2009 |
April 11 (Bloomberg) -- Goldman Sachs Group Inc., by selling stock to help it repay $10 billion to the U.S. Treasury, may pressure competitors to follow suit or appear dependent on government support, analysts said.
The company, scheduled to report earnings April 14, is considering announcing the share sale as early as next week, the Wall Street Journal reported yesterday, citing unidentified people familiar with the matter. Lucas van Praag, a spokesman for New York-based Goldman Sachs, declined to comment.
|
| //09-04-2009 |
“We consider the current benchmark rate of 0.1 percent is the most appropriate policy now,” Shirakawa said at a parliamentary committee today in Tokyo, when he was asked about the chance of lowering the target rate to zero percent.
The governor has said any further reduction in the overnight lending rate would make money market trading unprofitable and stifle the flow of credit in the economy. The central bank trimmed the key rate to the current level in December and has since been buying corporate debt to lower borrowing costs for companies.
Other central banks “are also clearly aware of the adverse effect of zero-rate policies,” Shirakawa said.
|
| //09-04-2009 |
Not toxic securities, not housing delinquencies and not funding problems, which all bit the dim-witted in 2008. This year, investors got burned by missing the political risk that has come to bedevil the banking sector. And though Treasury Secretary Timothy Geithner has set out bank-revival plans -- and shows every intention of sticking to them -- political risk shows no sign of going away
|
| //09-04-2009 |
The pan-European Dow Jones Stoxx 600 index climbed 0.6% to 185.19 with banks the strongest performers.
Barclays (BCS) shares jumped 6.2%. The lender is expected to announce a deal to sell its iShares exchange-traded funds business to private equity firm ...
|
| //07-04-2009 |
The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
South Africa’s FTSE/JSE Africa All Share Index fell 478.12, or 2.3 percent, to 20,717.37.
|
| //07-04-2009 |
TOKYO — Japan’s central bank unveiled fresh steps to spur lending, and its counterpart in Australia cut rates to their lowest in nearly half a century on Tuesday, highlighting concerns that the global economy remains in dire straits despite early signs of a pick-up in key regions like China.
|
| //07-04-2009 |
April 7 (Bloomberg) -- A recovery in China’s economy later this year will help support Asia even as the global recession drags growth in the region’s developing economies to the weakest in more than a decade, the World Bank said.
|
| //06-04-2009 |
The following text is the English version of a news release issued in Germany by HSBC Trinkaus & Burkhardt, a 78.6 per cent held subsidiary of HSBC Holdings plc.
|
