| //11-11-2008 |
Deutsche Bank analyst Rod Lache sees three possible outcomes for GM, none of which are good for shareholders.
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| //11-11-2008 |
HSBC's profit for the third quarter of 2008 was ahead of the third quarter in 2007. For the nine months ended 30 September 2008, pre-tax profit was lower than in the equivalent period in 2007.
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| //10-11-2008 |
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| //10-11-2008 |
LONDON (MarketWatch) -- Europe's major central banks slashed key interest rates Thursday in the face of a potentially deep and lengthy economic downturn, with the Bank of England leading the charge by dropping its key rate to a level unseen since the mid-1950s.
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| //10-11-2008 |
The following item will be on the agenda of UBS AG's previously announced Extraordinary General Meeting, taking place on 27 November 2008:
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| //10-11-2008 |
Net income attributable to common shares was C$418 million for the nine months ended 30 September 2008, broadly unchanged compared with the same period in 2007.
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| //10-11-2008 |
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| //07-11-2008 |
Nov. 7 (Bloomberg) -- Banks are making it harder and more costly for companies in Europe to get loans as the economic outlook worsens, the European Central Bank said.
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| //07-11-2008 |
ZURICH, Switzerland (AP) — The Swiss National Bank cut its key interest rate by half a percentage point to 2 percent Thursday, only its second reduction since March 2003.
The central bank said its move is intended to stimulate the economy amid the world's financial problems, and that higher interest rates were not needed because Swiss inflation is expected to decline.
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| //07-11-2008 |
Money-market rates in Europe fell after central banks around the world cut benchmark borrowing costs and kept the financial system flooded with cash to restore lending.
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| //07-11-2008 |
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| //06-11-2008 |
Nov. 6 (Bloomberg) -- Banks including Goldman Sachs Group Inc. and Citigroup Inc. answered New York Attorney General Andrew Cuomo's demand for information on their bonuses by saying decisions about the year-end payouts haven't been made, five people with knowledge of the matter said.
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| //06-11-2008 |
Nov. 6 (Bloomberg) -- Asia's borrowing costs declined amid speculation Europe and the U.K. will cut interest rates, joining Japan, U.S., Australia and China to help unlock lending to combat the global economic slump.
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| //06-11-2008 |
NEW YORK (AP) ¡ª Wells Fargo & Co. said Wednesday that it will sell $10 billion worth of common stock in a public offering expected to price after the market closes on Thursday.
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| //06-11-2008 |
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| //05-11-2008 |
LONDON ¡ª UBS and Royal Bank of Scotland, two European banks that tapped government bailout funds, warned Tuesday of further deterioration in market conditions in the fourth quarter.
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| //05-11-2008 |
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| //05-11-2008 |
Nov. 5 (Bloomberg) -- Japan stock-index futures advanced as Americans voted for a president, commodities surged and traders bet the Treasury will bail out more financial companies.
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| //04-11-2008 |
Shareholders of Bank of America Corp. and Merrill Lynch & Co. Inc. will vote Dec. 5 on Bank of America¡¯s proposed acquisition of the New York-based company.
Charlotte, N.C.-based Bank of America agreed Sept. 15 to buy Merrill Lynch for about $50 billion.
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| //04-11-2008 |
PARIS -- The Swiss banking giant UBS reported a third-quarter net profit on Tuesday but warned that the outlook for the rest of the year was gloomy.
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