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SeekingAlpha.com (Free subscription) | 14 hours ago
The Baseline Scenario submits: By Simon Johnson The banking industry is exceeding all expectations. The biggest players are raking in profits and planning much higher compensation so far this year, on the back of increased market share (wouldn’t you like two of your major competitors to go out of business'). And banks in general are managing to project widely a completely negative attitude towards...
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BloggingStocks (Free subscription) | yesterday
Filed under: Citigroup Inc. (C) , Bank of America (BAC) , Comfort Zone Investing Bank failures are good. They get rid of banks that are mismanaged and have no business being in banking. Bad management at many banks made lots of bad loans and deserve to go under. The biggest example was Washington Mutual. And Countrywide belongs in there as well. Of course, there are a large number of smaller, community...
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Financial Skeptic (Free subscription) | 07/03/2009
Teck Resources (TCK) which has been in financial trouble (too much debt) made a strategic play by selling Class B shares for the equivalent US$1.5 Billion. The Vancouver based NYSE listed company is now welcoming China Investment Corporation (CIC, which will sit at the table with 17.2% equity interest and a 6.7% voting interest in Teck. The funds will be used to repay debt so the fundamentals should...
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The Baseline Scenario (Free subscription) | 07/03/2009
The banking industry is exceeding all expectations. The biggest players are raking in profits and planning much higher compensation so far this year, on the back of increased market share (wouldn’t you like two of your major competitors to go out of business'). And banks in general are managing to project widely a completely negative attitude towards all attempts [...]
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Market Watch (Free subscription) | 07/03/2009
LONDON (MarketWatch) -- Bank of Ireland said Friday that trading conditions remain challenging in its main markets and its primary objective continues to be maintaining the stability of the bank. The group said demand for new lending remains muted and that the lower interest rate environment and higher wholesale funding costs are having a significant negative impact on net interest margin. The economic...
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Banking Business Review (Free subscription) | 07/03/2009
The combined bank seeks to integrate overlapping functions and leverage IT infrastructure
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Financial Times (Free subscription) | 07/03/2009
Freshfields posts record earnings while its rival suffers a plunge, a startling illustration of the financial hit caused by job cuts and entwinement with the banking industry
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Financial24 (Free subscription) | 07/02/2009
The Brazilian banking industry is positioned to manage the effects of the global economic slowdown without significant harm to its generally strong financial profile, according to a Fitch Ratings report . Recent results by Brazilian banks have show ...
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SeekingAlpha.com (Free subscription) | 07/02/2009
David Hunkar submits: The following are the 25 most profitable banks in the world based on their 2008 earnings as per The Banker magazine: Rank Bank Country Ticker 1 ICBC China 2 China Construction Bank Corp China 3 Santander Central Hispano Spain STD 4 Bank of China China 5 BBVA Spain BBV 6 HSBC Holdings UK HBC 7 Barclays Bank UK BCS 8 Agricultural Bank of China China 9 UniCredit Italy 10 Royal Bank...
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Explore : Banco Santander Central Hispano, Bank of America Corp., Barclays PLC, BNP Paribas, Business, Canada, Credit Agricole Group, Finance, Royal Bank of Canada, Royal Bank of Scotland, Toronto, Toronto-Dominion Bank, US Bancorp, Westpac Banking Corporation
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The Street (Free subscription) | 07/02/2009
Wells Fargo is building out its investment banking franchise, rather than selling off or winding down some key Wachovia operations.
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Business Wire (Free subscription) | 07/02/2009
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo said it will invest $208,000 in the US Pan Asian American Chamber of Commerce (USPAACC) Education Foundation for a national research study of the characteristics and
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BloggingStocks (Free subscription) | 07/02/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Cisco Systems (CSCO) , Southwest Airlines (LUV) , Contl Airlines'B' (CAL) , Analyst initiations , Johnson Controls (JCI) , Juniper Networks (JNPR) , Delta Air Lines (DAL) Analyst upgrades: Citigroup upgraded Adtran (NASDAQ: ADTN ) to Buy from Hold on expectations the company will benefit from the broadband Stimulus funds. Morgan Stanley...
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Bank Tech (Free subscription) | 07/02/2009
The U.S.-International Committee will allow payments stakeholders in the U.S. to play a more prominent role in shaping the international payments space.
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scold | 02/23/2009
RIYADH: Saudi bank and petrochemical stocks have continued to attract the interest of foreign fund managers despite the global downturn, HSBC's local investment banking affiliate said yesterday. readmore
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sahilsimran | 02/16/2009
Morgan Stanley is expected to cut around 2,000 jobs this month. According to a report in The Times, the cull will focus on back-office roles and will not affect financial advisers, who are involved in the imminent launch of a joint venture with Citigroup. The bank is in the process of acquiring a majority stake in the [...] readmore
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djuice24 | 02/08/2009
Spanish Primera Division in Spain FC Barcelona vs Sporting De Gijon live Time:18:00 GMT Date:8th February Status:Live The Spanish league, called Liga BBVA this year! FC Barcelona Official name Futbol Club Barcelona City Barcelona Founded 1899 Club colors Red-Blue horizontally striped / Red / Blue LIVE ONLINE