08 Oct 2004 08:22 AM

The Bank of England keeps its key lending rate at non-moved record of 4.75% for the second straight month.

08 Oct 2004 07:26 AM

Bruce Wasserstein, the head of the world biggest bank Lazard, received the company partner’s support to sell bank’s shares on next year’s initial public offering.

08 Oct 2004 06:53 AM

Federal Reserve Bank of Kansas City President Thomas Hoenig says the U.S economy won’t suffer much impact from boosting oil prices and will perform better within next 18 months.

08 Oct 2004 05:27 AM

The benchmark lending rate was kept at a low 2% level by the European Central Bank at the meeting in Brussels on the threat that the eurozone economic results may be worsening.

08 Oct 2004 04:33 AM

Bank of America has an option to cut at least 4,500 jobs while reorganizing its structure.

07 Oct 2004 07:54 AM

Japan No.4 bank may face charges from the Financial Services Agency, Japanese banking regulator, as the bank admitted it used to confuse regulators during the investigation.

07 Oct 2004 03:59 AM

On Wednesday, the U.S. biggest mortgage lender Fannie Mae’s top managers will defend themselves before Congress as charged of violating accounting rules. Earlier this year, the U.S. Justice Department launched a probe suspecting the U.S. mortgage giant of manipulating

06 Oct 2004 09:40 AM

U.S. home loans applications remained at a stable level. 30-year mortgage rates showed rather increasing results, MBA data shows. Mortgage

06 Oct 2004 07:25 AM

The U.S. Federal Reserve chairman Alan Greenspan said at a meeting of the American Bankers Association in New York on Tuesday the increasing number of bank mergers underlines new opportunity for the financial sector to recover.

06 Oct 2004 04:40 AM

The world’s top investment bank Lazard LCC is said to postpone its initial public offering in order to force bank’s partners to sign for the IPO. The main debate is between Lazard Chairman Michel David- Weill and the head of Lazard Bruce Wasserstein. Wasserstein

05 Oct 2004 06:07 AM

The U.S. Federal Reserve says it has an option to bring interest rate back to normal highs as the U.S. economy left behind its soft patch. On Monday, Fed officials underlined its option to lift interest rates as growth data now sees some improvement after

05 Oct 2004 04:53 AM

On Monday, the rating agency Standard Poor’s said Korean banks may see “obstacles” while preparing for the Basel II banking accord. The accord is expected to improve risk management field and make balance sheets more transparent, specialists say. “The adoption of Basel II is expected to motivate Korea’s banks to restructure their balance sheets,

04 Oct 2004 12:11 PM

On Sunday, world finance officials met within the semi-annual IMF and World Bank meeting to discuss the world’s top issues and find the ways to resolve. Finance

04 Oct 2004 07:57 AM

Industrialised countries made no progress in persuading China to turn to a convertible currency course as its value is highly underestimated, specialists say.

04 Oct 2004 07:42 AM

Bruce Wasserstein that runs Lazard is said to try to get the approval for the IPO by Tuesday and get as much as $3.4 billion for it. The main issue for Mr. Wasserstein is to persuade his working partners to sign the agreement on the initial public