03 Sep 2004 08:21 AM

Commerce Bancorp Inc., one of the fastest-growing U.S. banks, faces NASD investigation over the possible breach in use of political donations.

03 Sep 2004 04:17 AM

The European Central Bank decided to hold interest rates steady as the situation with upping oil prices remains unsteady.

02 Sep 2004 04:04 AM

JP Morgan Chase is in talks to create a joint venture with Cazenove. According to Financial Times, the negotiations are at an early stage and there is no assurance that an agreement will be reached. Cazenove has received several approaches from larger rivals in recent months. Potential partners have expressed

31 Aug 2004 06:35 AM

UBS AG, a world’s seventh-largest bank by market value, agreed to buy Charles Schwab Corp.’s capital markets unit for $265 million. That would give UBS an opportunity to become a leader on the U.S. Nasdaq exchange, it said.

30 Aug 2004 08:56 AM

Japanese two biggest banks merge can lead to 10,000 jobs (13% of the total workforce) to be lost or transferred in the next four years.

30 Aug 2004 06:13 AM

WestLB is now ready to sell its one-third stake in Europe’s largest travel group Tui to clean up its balance sheet and sell large shareholdings. Its approximate cost is €900 million; potential buyers are expected to be among Spanish hotel chains.

30 Aug 2004 02:33 AM

UBS AG intends to buy Charles Schwab’s institutional research and trading unit, Wall Street Journal cited unnamed people on Monday. The expected price is up to $265 million, which is lower than $321 million Schwab paid for it eight months ago.

27 Aug 2004 04:23 AM

Freddie Mac’s mortgage investments added 20.8% in July against 19.4% of June. Its retained portfolio is growing within 3 months after a 6-month decrease.

27 Aug 2004 02:24 AM

Bank of China, one of the country’s Big Four lenders, stated it wouldn’t list shares till the second half of 2005. Next year it is expected to price its initial public offering in between $3 billion and $4 billion.

25 Aug 2004 11:01 AM

The Consumers’ Association is going to call for a Competition Commission investigation in case HBOS make a counterbid for Abbey National as UK mortgage and savings markets can get impact controlling 34% of the mortgage market and nearly 25% of the savings market. HBOS is going to disrupt

25 Aug 2004 08:12 AM

Sumitomo Mitsui Financial Group Inc. entered a $29 billion hostile bid to get UFJ Holdings Inc.

25 Aug 2004 06:06 AM

Rising oil prices won’t influence euro zone economic recovery, said Jean- Claude Trichet, the European Central Bank President. He also added he maintained his confidence as the continuing gradual pickup had been “materializing in the past months”.

25 Aug 2004 03:33 AM

Global recovery has become stronger and more sustainable, said Federal Reserve Chairman Alan Greenspan in written responses to questions submitted to him on July 20 before the Senate Banking Committee and made public on Tuesday.

24 Aug 2004 06:29 AM

Due to the Council of Mortgage Lenders information, mortgage lending in UK as well as remortgaging lifted roughly in July. Mortgage and remortgage lending figures show surge up to £29.2 billion in July, against £28.2 billion in June increasing to £14.7 billion in loans for house purchases.

20 Aug 2004 08:54 AM

The UK’s Financial Services Authority commenced a formal investigation into possible regulatory violations of Citigroup since its controversial trading activities in the eurozone government bond market. The results of it can probably lead to a fine or a warning.