04 Aug 2004 09:33 AM

The Mortgage Bankers Association said its seasonally adjusted market index, a measure of mortgage activity, eased for the week ending July 30 by 0.2 percent to 620.4 from the previous week’s 621.4. Refinancings accounted for 35.

04 Aug 2004 05:34 AM

Credit Suisse Group, Switzerland’s No. 2 bank, on Wednesday said it swung to a second quarter net profit of SFr1.45 billion ($1.1 billion), with revenue up 11 percent to SFr13.51 billion, or an 18 percent decline from the first quarter. Analysts had forecast net profits between SFr1.204 billion and SFr1.369 billion. By unit, its Credit Suisse

04 Aug 2004 05:27 AM

Abbey National is in “advanced discussions” to sell Abbey National France, its its French mortgage subsidiary, to BNP Paribas. The unit has assets of 2.1 billion euros and employs 219 people. Abbey

03 Aug 2004 01:14 PM

According to CBSMarketWatch, the Securities and Exchange Commission staff will recommend to the commission charges against some of Wachovia executives. The bank said the SEC is investigating stock

03 Aug 2004 10:21 AM

On Monday Sir John Bond, chairman of HSBC, warned on global price war in the banking sector as the world’s largest banks use their growing surplus capital to undercut rivals.

03 Aug 2004 05:31 AM

Royal Bank of Scotland said first half pre-tax profits rose 12% to 3.85 billion pounds, with income rising 20% to 10.94 billion pounds on rising lending, a more than doubling of insurance premiums and credit card fees. Analysts

02 Aug 2004 06:27 AM

HSBC Holdings Plc, BNP Paribas SA and ABN Amro Holding NV, three of Europe’s biggest banks, reported today higher profit as improving economic growth spurred gains from consumer lending.

30 Jul 2004 04:21 AM

Japan’s banking regulator The Financial Services Agency, is considering criminal charges against UFJ. UFJ admitted

29 Jul 2004 06:45 AM

Goldman Sachs wants to open an investment bank in China after the plan was approved by Beijing’s top political authorities.

28 Jul 2004 10:14 AM

On Tuesday the Organization for Economic Cooperation and Development announced that the European Central Bank should remain cutting interest rates if there is any evidence of weakening euro-zone economic growth.

28 Jul 2004 09:25 AM

Applications for U.S. mortgages rose last week for the first time in three weeks as most mortgage interest rates increased, according to Reuters. The

28 Jul 2004 04:49 AM

Pre-tax profit of HBOS, the largest U.K. mortgage lender, rose 21% in the first half of the year, to 2.2 billion pounds. The company said loans and advances to customers rose 6%, to 299 billion pounds in the period as customer

27 Jul 2004 09:44 AM

In Germany multi-national banking giants are exposed by mid-sized banks which are starting to offer high-yield underwriting capabilities to domestic Mittelstand corporates.

27 Jul 2004 08:51 AM

On Monday Abbey of the UK and Spain's Santander Central Hispano agreed an £8.5bn ($15.6bn) merger to create Europe's largest cross-border retail banking deal.

25 Jul 2004 06:09 AM

Citigroup (C) plans to sell up to $30 billion in mixed securities via a public offering, according to a registration statement filed Friday with Securities and Exchange Commission, according to CBSMarketWatch. The company