15 Mar 2005 05:53 AM

HSBC IN TALKS TO SELL ITS AUSTRALIAN BUSINESS

14 Mar 2005 05:54 PM

Deutsche Bank AG is to pay $325 million to settle fraud allegations involving the sale of WorldCom Inc. bonds in 2001, following the example of two other European banks who also settled the charge Thursday, said New York

14 Mar 2005 03:30 PM

Morgan Stanley, Goldman Sachs Group Inc. and other global investment banks benefited a record $25 billion last year from business with hedge funds, according to the data provided by Credit Suisse First Boston. This revenue made up about one-eighth of the securities industry’s total and rose almost 20 percent compared with 2003, said CSFB analyst Marc Rubinstein. ``Hedge

11 Mar 2005 08:46 AM

Federal Reserve Chairman Alan Greenspan is more or less comfortable with the US trading gap, hoping for a gradual adjustment, but seriously worried about the fiscal deficit. Talking to the Council on Foreign Relations in New York, the reputable Fed boss said: "The resolution of our current

10 Mar 2005 07:56 PM

Fannie Mae, the mortgage company, is instructed by its regulator to correct "deficiencies" in its controls over accounting ledgers and other corporate records. The new requirements include the adoption of policies prohibiting falsified signatures on accounting journal entries

10 Mar 2005 11:51 AM

The Federal Reserve believes the U.S. economy is advancing at a moderate pace while inflation remains contained, assures its beige book summary of economic conditions. This perception did not encourage the bond markets, however, sending the U.S. Treasury prices sharply down and pushing the yield on the 10-year Treasury

10 Mar 2005 07:42 AM

SALOMON SMITH BARNEY CUT ROYAL BANK OF CANADA TO "HOLD" FROM "BUY"

10 Mar 2005 07:02 AM

THE BANK OF ENGLAND KEPT ITS MAIN INTEREST RATE UNCHANGED AT 4.75%.

10 Mar 2005 05:55 AM

J.P. MORGAN RAISED CREDIT AGRICOLE TO "NEUTRAL" FROM "UNDERWEIGHT"

09 Mar 2005 06:42 PM

In one of the first moves on combining interests of U.S. and Japanese banks, Merrill Lynch & Co. and Japan’s second-biggest bank by assets, Mitsubishi Tokyo Financial Inc., have begun talks on merging their private-banking operations in Japan, a person familiar with the matter said. The parties are going to take equal shares

09 Mar 2005 05:18 PM

Despite its might as Europe’s biggest bank, UBS AG appeared to be a laggard in the European financial industry’s most lucrative money maker, arranging mergers and acquisitions. During the busiest year for mergers since 2000, New York-based competitors led by Goldman Sachs Group Inc

07 Mar 2005 02:31 PM

The Chinese National Congress reported that China will hold up any movement of interest rates or currency. "There’s no need for now to raise interest rates since the economy is growing at a stable pace and inflation is reasonably

04 Mar 2005 11:47 AM

Thursday the European Central bank estimated the reduction in the euro zone economic growth and still aims to raise the interest rate.

04 Mar 2005 08:48 AM

Bank of America is expected to pay as much as $460 million as a contribution a class-action lawsuit against WorldCom accused of accounting fraud.

04 Mar 2005 07:04 AM

Lloyds TSB reported today that its 2004 pre-tax profit fell 20% to 3.493 billion pounds. Earnings per share fell 26% to 43.3 pence. Retail bank profit rose 12% to 1.651 billion pounds. Profit from investment activity rallied 37% to 773 million.