18 Apr 2005 10:43 AM

China sees no need for the US to press on it over the currency reform, according to the official China Daily. The pressure will further «distract the United States from attending to the domestic causes of its problems,» the newspapre said. "Pressurizing China will be futile, if not even complicating the situation."

18 Apr 2005 08:29 AM

Australia’s largest lender National Australia Bank said it plans to re-start currency options trading as soon as next month after a banking regulator allowed the bank to re-open the foreign-exchange options desk on May 9. NAB

18 Apr 2005 07:46 AM

Bank of America Corp., the third- largest U.S. bank, reported on Monday that its first-quarter profit rocketed 75% to a new record.

15 Apr 2005 10:06 AM

Credit Suisse Group took a step towards cresting an integrated bank organization by announcing the merger of its two Swiss banking units, Credit Suisse and Credit Suisse First Boston.

15 Apr 2005 08:09 AM

This week the leaders for borrowers cutting loan costs were American International Group Inc., the world’s largest insurer, and Standard Bank Group Ltd., Africa’s biggest lender, according to Bloomberg.

15 Apr 2005 07:13 AM

Citigroup Inc., the world's biggest financial-services company, reported on Friday that its first-quarter profit rose 3.2%. Pr

15 Apr 2005 03:48 AM

ABN Amro Holding NV, the largest Dutch bank, reported that its first-quarter profit rose 8% due to higher results from consumer banking and trading activity.

14 Apr 2005 03:23 PM

U.S. FIXED 30-YEAR MORTGAGE RATE AVERAGING 5.91%, DOWN BY 0.02% FROM 5.93% LAST WEEK, ACCORDING TO FREDDIE MAC

14 Apr 2005 08:03 AM

Morgan Stanley’s two top executives resigned on Wednesday, weakening Chief Executive Philip Purcell’s position in the fight against eight former Morgan Stanley executives pushing for his ouster. The two are

14 Apr 2005 07:32 AM

Merrill Lynch & Co. establishes a buyout unit in Japan to get access to the lucrative Japanese buyout market where other firms have been able to have a resounding success. Merrill unit will be run by Terutomo Mitsumasu from Shinsei Bank Ltd. who will be accountable to Nathan Thorne, Merrill’s head of global private equity

13 Apr 2005 07:49 AM

The Council of Institutional Investors decided to open a dialogue with Morgan Stanley amid the fierce criticism the company faced recently.

12 Apr 2005 07:33 PM

The third letter was submitted by the dissident executives of Morgan Stanley in their long-lasting fight for the board meeting amid the criticism of the company’s CEO Philip J. Purcell.

12 Apr 2005 05:11 PM

The joint venture of Deutsche Bank, Germany’s biggest lender, and Al Azizia Commercial Investment Co., run by Saudi Arabia’s Prince Alwaleed bin Tala, which includes the Olayan Group and Savola Group, will offer investment

12 Apr 2005 04:42 PM

Stock sales of Central Japan Railway Co., the nation’s leading bullet train operator, will be handled by Japan’s biggest securities firm Nimura Holdings and No.1 Swiss bank UBS. The

12 Apr 2005 11:14 AM

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