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BRIEF-ING to delist shares from Frankfurt, Paris and Swiss exchanges
AMSTERDAM, Nov 18 (Reuters) - ING Groep NV: TO VOLUNTARY DELIST SHARES FROM FRANKFURT, PARIS AND SWISS EXCHANGES SAYS DELISTINGS OF SHARES IN PARIS, FRANKFURT, SWISS EXCHANGES DUE TO LOW volumes ((Amsterdam Newsroom; amsterdam.newsroom@reuters.com; +31more
Two CMBS loans headed for default -Credit Suisse
NEW YORK, Nov 18 (Reuters) - Two of the largest loans in recent commercial mortgage-backed securities, including one financing two Westin hotels, are close to default, according to Credit Suisse analysts. A $209 million loan for Westin hotels in Tucson,more
Credit Suisse raises South African equities to market weight
(Reuters) - Credit Suisse raised its weighting on South African equities to 'market weight' from 20 percent 'underweight' and raised Poland to 10 percent 'overweight' from 5 percent. In an equity strategy note on Europe, the Middle East and Africa, themore
Citigroup falls on concern job cuts won't fix bank
NEW YORK, Nov 18 (Reuters) - Citigroup Inc shares fell as much as 6.4 percent to a nearly 13-year low on Tuesday amid concern that a plan to shed 52,000 jobs might not go far enough to restore the banking giant to health. Chief Executive Vikram Panditmore
Axis Bank, TimesofMoney tie up for remittance service
MUMBAI: Private sector Axis Bank has tied up with TimesofMoney to launch AxisRemit, the bank's own branded online remittance service. TimesofMoney is a leading non-bank e-payments service provider. 'With AxisRemit, the bank will provide high-speed onlinemore
Barclays board seeks re-election
LONDON, Nov 18 (KUNA) -- The board of Barclays, a major British bank, is to offer itself for re-election at its Annual General Meeting (AGM) next spring following a seven billion pounds capital-raising plan, the bank said Tuesday. Last month, Qatarmore
South Indian Bank hikes rates on NRI deposits
THIRUVANANTHAPURAM: South Indian Bank (SIB) on Tuesday raised the interest rates for foreign currency and rupee deposits by non-residents, which would come into effect from November 16. 'The Indian diaspora has confidence in India banks and aware thatmore
Jobs bank programs -- 12,000 paid not to work
WAYNE -- Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts working -- on a crossword puzzle. Pool hates the monotony, but the pay is good: more than $31 an hour,more
IndusInd Bank to open 30 new branches by end-FY 09
MUMBAI: Private sector IndusInd Bank, on Tuesday said that it would be opening 30 new branches, 50 new off-site ATMs and six mobile ATMs in the next few months as per authorisations received from the Reserve Bank of India. Presently, the bank has amore
WRAPUP 3-Bank profits plunge but capital still the driver
* Barclays rejigs capital plan, axes bonuses * BNP Paribas tumbles on fresh talk of capital hike * Macquarie shares soar 26 pct, no plans to raise cash now * MUFG Q2 falls 61 pct, sticks to lowered forecast * HSBC cuts 500 jobs from Asia (Adds Barclays,more
Senator Seeks Inspector General Review Of Treasury's Bank Merger Move
United States Senator Chuck Grassley, ranking member of the Committee on Finance, has asked the Treasury Department inspector general to review the circumstances and any possible conflicts of interest involving the administrative move that gives a taxmore
Bank of America to exercise option, buy in 19.6 bln CCB shares
Bank of America said here on Monday it would exercise its option and purchase 19.58 billion H shares of China Construction Bank from central Huijin. The exercise price per share will be 1.2 times of the audited net assets value per share on Sept. 30,more
Banking rescue funds not a 'panacea': Paulson
Treasury Secretary Henry Paulson rejected using the government's financial-rescue program as a 'panacea' for economic difficulties, clashing with lawmakers who want the funds to help beleaguered homeowners and automakers. 'The rescue package was notmore
Lender Processing Services, Inc. to Present at Bank of America Credit Conference
/PRNewswire-FirstCall via COMTEX/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage industry, today announced that its President and Chief Executive Officer, Jeff Carbiener, ismore
With limited exposure to the global financial crisis, Chinese banks have remained profitable for the past three quarters
THE CHAMPION: Shanghai Pudong Development Bank Co. Ltd. Delivered the best performance in terms of net profit growth of China's 14 listed banks in the first three quarters While the rest of the world has groaned under the spreading global financialmore
UK details bank bailout terms
(RTTNews) - Future applications by eligible institutions to the UK Bank Capitalization Scheme would not have automatic right of access to the scheme, the Chancellor of the Exchequer said in a written statement, Tuesday. Further, institutions solicitingmore
Foreign banks continue to fare well here on the back of the country's torrid economic growth
OVERSEAS BUSINESS: HSBC Holdings Plc, the largest bank in Britain, has gained a solid foothold in Chinese cities and is moving into rural areas Sitting on piles of bad mortgages and unpaid credit-card debts and auto loans, several foreign banks havemore
NSE - Banking Sub-Sector Tops Performance Chart
Investors' preference for the shares of banking sub-sector since the resumption of bears market last week saw the sector topping the performance chart in terms of volume and value of equities traded. Specifically, the sub-sector rallied 259.999 millionmore
PRESS RELEASE: ING Seeks Voluntary Delisting Of Shares From Frankfurt, Paris And Swis...
ING announced today that it intends to concentrate the trading of its (depositary receipts for) shares on the stock exchanges in Amsterdam, Brussels and New York. Accordingly, ING has filed applications to voluntary delist from the Frankfurt, Paris andmore
Barclays unveils ETFs of ETFs, called "Portfolio Builder Funds"
Barclays Global Investors Canada Ltd. this morning launched four of its iShares Portfolio Builder Funds, providing 'ETFs of ETFs' that provide strategic asset allocation and rebalancing for investors who want to take a portfolio approach tomore
Sterne Agee Upgrades Zions Bancorp (ZION) to Hold
Sterne Agee upgrades Zions Bancorp (Nasdaq: ZION) from Sell to Hold. Zions Bancorporation operates as a multi bank holding company that provides banking and related products and services in the United States.more
JP Morgan establishes Nordic branches; migrates Nordea clients
JP Morgan establishes Nordic branches; migrates Nordea clients 18/11/2008 by: JP Morganmore
IMF says more countries seek help, banks struggle
LONDON/WASHINGTON (Reuters) - The International Monetary Fund said on Tuesday that more countries were seeking its help coping with the economic crisis every day, while banking and auto industry woes reverberated around the globe. Japan's economymore
Former Bankers' Options For Alternate HBOS Plan Narrow
LONDON -(Dow Jones)- Former Scottish bankers Peter Burt and George Mathewson face narrowed options for their proposed independence of HBOS PLC (HBOS.LN) after the U.K. Treasury on Tuesday unveiled further conditions on recapitalizing banks. The Treasurymore