| Dec 05, 2008 |
UPDATE 1-Morgan Stanley widens Goldman Sachs Q4 loss view
Dec 5 (Reuters) - Morgan Stanley widened its fourth-quarter
loss estimate on Goldman Sachs Group Inc , citing a fall
in equity, credit and real-estate asset values in November, and
rising negative marks on the firm's illiquid asset and
principal investment portfolios.
|
| Dec 05, 2008 |
UPDATE 2-Resolution says IPO raised 600 mln pounds
LONDON, Dec 5 (Reuters) - Resolution, the investment vehicle founded by
entrepreneur Clive Cowdery, said it raised 600 million pounds ($880.9 million)
in its initial public offering, making it one of the biggest on the London
bourse this year
|
| Dec 05, 2008 |
Lloyds says Bank of Scotland, Halifax brands key
LONDON, Dec 5 (Reuters) - British bank Lloyds TSB
plans to employ a multi-brand strategy, centred on Halifax, Bank
of Scotland and Lloyds TSB, once its takeover of HBOS Plc
completes next month, it said on Friday.
|
| Dec 05, 2008 |
UPDATE 2-Bank Julius Baer CEO dies unexpectedly
ZURICH, Dec 5 (Reuters) - The chief executive of Bank Julius
Baer , Alex Widmer, died unexpectedly overnight on
Wednesday at the age of 52, the bank said on Friday.
|
| Dec 05, 2008 |
UPDATE 3-Orix requests probe, says finances are fine
TOKYO, Dec 5 (Reuters) - Japanese leasing and financial
services firm Orix Corp said it has asked the nation's
securities watchdog to investigate "false information" being
spread by an investor, as its shares tumbled briefly to a 12-year
low.
|
| Dec 05, 2008 |
Turk c.bank says fx reserve rate may be cut further
ANKARA, Dec 5 (Reuters) - Turkey's central bank said on Friday that banks' foreign exchange reserve requirements could be lowered again if global market problems worsen, after the rate was cut to 9 percent from 11 percent.
|
| Dec 05, 2008 |
Kaupthing Luxembourg bid stalled
BRUSSELS, Dec 5 (Reuters) - A decision on the takeover of the Luxembourg arm
of troubled Icelandic bank Kaupthing , will be postponed for technical
reasons, a spokesman for Belgian Prime Minister Yves Leterme said on Friday.
|
| Dec 05, 2008 |
UPDATE 1-Bankers should back "clear" regulation-BoA's Lewis
NEW YORK, Dec 4 (Reuters) - Financial services companies
have a responsibility to balance competing market goals and
should support "clear and effective" regulation of the
industry, Bank of America Corp chief executive Ken
Lewis said on Thursday.
|
| Dec 05, 2008 |
More job losses could hammer US commercial property
NEW YORK, Dec 4 (Reuters) - Job losses hurt demand for office space, retail and hotel space, so if the United States lost more jobs in November, it could mean a hard knock for U.S. commercial property.
|
| Dec 04, 2008 |
UPDATE 2-NY judge dismisses JPMorgan-Bear merger lawsuit
NEW YORK, Dec 4 (Reuters) - A New York judge on Thursday
dismissed a $2.5 billion lawsuit that challenged JPMorgan Chase
& Co's purchase of Bear Stearns Cos, concluding that
company officials acted appropriately in avoiding a
"potentially cataclysmic" bankruptcy.
|
| Dec 04, 2008 |
UPDATE 1-Credit Suisse boosts home foreclosure forecast
NEW YORK, Dec 4 (Reuters) - Credit Suisse on Thursday
boosted its forecast on U.S. home foreclosures over the next
four years to 8.1 million from 6.5 million, warning of a
"subprime society" as economic weakness and falling home prices
take a larger toll on homeowners.
|
| Dec 04, 2008 |
U.S. Treasury eyeing mutliple options on housing
CHICAGO (Reuters) - Lowering U.S. mortgage rates through a
program relying on Fannie Mae and Freddie Mac is just one of
several options the U.S. Treasury is considering to support
housing, a senior Treasury official said on Thursday.
|
| Dec 04, 2008 |
Bernanke says need to do more to halt foreclosures
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben
Bernanke on Thursday urged more aggressive steps to halt home
foreclosures and said government-funded programs could help
strapped homeowners.
|
| Dec 04, 2008 |
Citi's General Growth stake tied to Pershing Square
NEW YORK (Reuters) - Citigroup Inc has taken a 5.3
percent stake in General Growth Properties Inc , with
most of the position intended to hedge a derivatives trade the
bank entered with hedge fund Pershing Square.
|
| Dec 04, 2008 |
C.Suisse to cut 5,300 jobs after $2.5 bln loss
* To take 900 mln franc restructuring charge mostly in Q4
|
| Dec 04, 2008 |
TOPWRAP 13-Europeans cut interest rates sharply to fight crisis
* US workers on jobless benefits rolls hit a 26-yr high
|
| Dec 04, 2008 |
INTERVIEW-AIG needs unified plan to recover - Greenberg
* Ex-CEO says lack of unified plan undermines AIG recovery
|
| Dec 04, 2008 |
UPDATE 5-Prudential to sell brokerage stake to Wells Fargo
NEW YORK, Dec 4 (Reuters) - Prudential Financial Inc
plans to sell its minority stake in the Wachovia
Securities brokerage to Wells Fargo & Co for $5
billion, and will seek capital from the U.S. Treasury
Department's rescue program to bolster its finances.
|
| Dec 04, 2008 |
Four Canadian banks report, profit falls at three
TORONTO (Reuters) - Three of four Canadian banks reported lower profits on Thursday, but the results of the big players were either in line with market expectations or with the banks' own warnings in recent weeks.
|
| Dec 04, 2008 |
UPDATE 3-Capital One to buy Chevy Chase Bank for $520 mln
* Deal will expand Cap One's Washington, Baltimore presence
|
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