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15 Nov 2004 06:33 AM
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Standard Chartered CEO resigned:
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Peter Wong, Hong Kong-based Standard Chartered PLC chief executive officer, resigned, the bank said Monday.
Wong has worked for the bank since 1997, being chief executive in Hong Kong since 2000.
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11 Nov 2004 06:04 AM
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Lloyds moves jobs to Asia to cut costs:
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The fifth-largest bank by assets for the UK Lloyds TSB Group Plc said it would move around 1,000 jobs to Asia to reduce costs.
The company’s spokeswoman said Lloyds may have as many as 2,500 workers placed in Asia. It employs about
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11 Nov 2004 06:02 AM
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House price jitters stoke Bank fears:
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Fears of a house price crash and the impact of cheap imports have temper Bank of England expectations of an inflationary spurt.
The
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10 Nov 2004 10:05 AM
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Mortgage applications dropped on high rates:
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With 30-year mortgage rates moving higher, mortgage applications activity dropped 4.5% last week, according to the Mortgage Bankers Association's (MBA) latest survey.
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10 Nov 2004 08:22 AM
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Federal Reserve ready to lift interest rates again:
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Fed Chairman Alan Greenspan and other Fed governors are predicted to lift raise Wednesday meeting within the U.S. economy to be strengthened.
U.S. Federal Reserve policy makers on Wednesday meeting are forecast to raise interest rate by another 0.25 percentage point to 2.00% from the prior 1.75%.
This
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10 Nov 2004 07:41 AM
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Investment banking bonuses decline as revenue falls:
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Europe investment banking bonuses will probably see no rise with the revenue impacted by rate hikes and stock trading slowdown, economists say.
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10 Nov 2004 04:21 AM
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Update 1: World Bank East Asia forecast lowered:
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The World Bank’s forecast for the economic growth in East Asia was lowered as for 2005 with the stable growth in 2004.
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09 Nov 2004 08:12 AM
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Fed ready to lift rates on Wednesday:
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Wednesday FOMC meeting is expected to lead to another rate hike as the economy is in need of strengthening.
U.S. Federal Reserve policy makers on Wednesday meeting are forecast to raise interest rate by another 0.25 percentage point to 2.00% from the prior 1.75%.
"The
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08 Nov 2004 09:13 AM
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China RMB to be stable:
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China will keep its renminbi stable with firm monetary and yuan policy, the Central Bank of China cited as saying.
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04 Nov 2004 11:46 AM
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BNP Paribas posts higher-than-expected profits in third quarter:
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French bank BNP Paribas SA on Thursday declared its earnings for the third quarter beating analysts’ expectations with a 13.5% surge in net profit that grew to €1.101 billion, ahead of the forecasts of around €1 billion, compared to the € 970million posted for the same period last year.
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04 Nov 2004 11:20 AM
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ECB keeps the rates at 2 percent:
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The Governing Council of the European Central Bank decided to keep the interest rates at 2 % on Thursday.
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04 Nov 2004 10:05 AM
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HVB to abandon targets after a slump in profits:
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HVB, second-largest bank in Germany, revealed disappointing results this Thursday, saying its profit dropped 97% to €6million as opposed to €196million a year ago.
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04 Nov 2004 09:51 AM
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Credit Suisse sees a stagnant market ahead:
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Lackluster financial market forced Credit Suisse to paint a subdued picture of its future performance.
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03 Nov 2004 11:22 AM
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Takefuji shares sold by Mizuho:
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Mizuho Securities sold shares package of Takefuji, Japanese consumer finance company, with total value of $250 million with the approaching conclusion of controlling stake sale.
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02 Nov 2004 10:05 AM
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UBS reports earnings decline:
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The largest bank for Europe UBS reported third-quarter earnings lower 1% as compared with the same period of 2003.
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