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20 Oct 2004 08:47 AM
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BoE keeps rates steady unanimously:
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The Bank of England’s Monetary Policy Committee voted unanimously for keeping rates steady at the prior level of 4.75% in October.
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20 Oct 2004 08:24 AM
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Mortgage applications jumped on rates fall:
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Last week saw buoyant for mortgage applications in the UK on the news that the prior week mortgage rates declined to 5.64%.
Mortgage application volumes added 7.9% for the week ended October 15, the Mortgage Bankers Association showed
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20 Oct 2004 07:44 AM
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J.P. Morgan profit fell 13%, missing expectations:
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J.P. Morgan Chase, the second- biggest U.S. bank, said today its third-quarter profit fell 13%, on high costs related to the purchase of Bank One. Earnings declined to $1.4 billion, or 39 cents a share, down 13% from $1.6 billion, or 78 cents a share in the same period a year ago. Excluding costs from its Bank One acquisition, earnings
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19 Oct 2004 12:34 PM
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JPMorgan, Deutsche Bank and CSFB support emerging markets:
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Emerging market players received unexpected support from the world’s leading banks as they cut the bill by 25% for Philippine Finance Undersecretary Eric Recto.
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19 Oct 2004 08:26 AM
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Newbridge wants stake in Takefuji:
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The private equity company Newbridge Capital said it may change the terms of its offer aimed at purchasing $3 billion controlling stake in Takefuji.
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18 Oct 2004 08:37 AM
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Commerzbank slashes jobs:
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Commerzbank Securities, an investment banking arm of Commerzbank, will face job cuts, people familiar to the matter said on Monday.
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18 Oct 2004 07:27 AM
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Barclays UK profit to face upbeat:
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Barclays has an option to lift its pre-tax profit in the UK banking operations up to £350 million to £700 million within the next three years, the company announced.
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18 Oct 2004 06:51 AM
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Goldman and Takefuji see no deal on price:
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Takefuji, Japanese consumer finance company, rejected Goldman Sachs’ bid for 58% stake in the company as two parties did not agree on the price.
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15 Oct 2004 08:46 AM
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Wachovia's 3Q profit rose 14%:
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Wachovia , the No. 5 U.S. bank, reported today its third-quarter profit rose 14%, on a decline in bad loans. Net income rose to $1.26 billion, or 96 cents a share, up from $1.11 billion, or 83 cents a share in the same period a year ago. Excluding non-recurring items, earnings were $1 a share, from 88 cents from a year earlier. Analysts
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15 Oct 2004 08:05 AM
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Average earnings boosted in three months:
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Average earning announced to have lifted more than expected within three months to August against the previous year data.
"The
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14 Oct 2004 10:46 AM
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NAFE sees no need in yuan appreciation:
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The spokesman of the National Administration of Foreign Exchange said on Tuesday there’s no reason for appreciating renmingbi and the rumors about it were groundless.
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14 Oct 2004 09:29 AM
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Bank of America profit rose 29%, EPS fell:
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Bank of America said its profit rose 29% in the third quarter despite a charge for merger-related layoffs. The bank earned $3.76 billion from $2.92 billion a year ago. The EPS fell to 91 cents a share from 96 cents a share
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13 Oct 2004 10:26 AM
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Update 1: U.S. mortgages dropped more than 9%:
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The prior week, U.S. mortgage applications dropped more than 9%, the Mortgage Bankers Association said.
30-year mortgage rates fell 0.09 percentage point to 5.69% against the prior week results. This is 0.12 percentage
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13 Oct 2004 07:26 AM
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Inflation rate lowest in 6 months:
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Bank of England’s September forecast of the inflation rate to be about 2% appeared even lower giving hope for interest rate to be at the same level to the end of the year.
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12 Oct 2004 06:00 AM
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JPMorgan wants 50% stake in Cazenove:
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JPMorgan, the U.S. largest bank, said it has agreed to purchase a 50% stake in Cazenove for 100 million pounds.
JPMorgan
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