Archive for 'Companies'
RBS can sell credits for 8 billion dollars
25 August 2008Yesterday Financial Times (FT) has informed that the second-largest bank of Great Britain Royal Bank of Scotland (RBS) sells to funds of direct investments Apollo, TPG and Blackstone credits for 8 billion dollars. Bank’s mass-media representatives do not make comments on this information. Analysts mark, that the transaction can be a part of strategy of […]
SocGen and Northern Rock have disclosed their losses
10 August 2008Net profit of French bank Societe Generale (SocGen), which in the beginning of the year has become a victim of the swindle largest in history from the trader, in the second quarter, has reduced more than twice - up to 644 million euro.
Yesterday the victim of credit crisis, largest in the Great Britain bank, Northern […]
European banks disclose credit losses
5 August 2008Yesterday The largest bank of Europe HSBC has informed on decrease in semi-annual profit almost on third, up to 10,2 billion dollars, on a background of write-offs in the American hypothec business. HSBC became the first of European banks, which this week would open the losses before investors.
Nevertheless analysts mark, that the bank copes with […]
Bank of America has finished purchase of hypothec broker Countrywide
12 July 2008Bank of America (BoA) has finished purchase of hypothec broker Countrywide Financial for 2,5 billion dollars. The sum of the transaction was on 37 % below initial 4 billion dollars because of decrease in BoA’s quotations. Opponents of merge prove, that together with Countrywide BoA has got billions dollars of write-offs and a legal cost […]
Bank of America will fire 7,5 thousand of “hypothec” employees
30 June 2008Within two years after purchase of largest in the USA hypothec company Countrywide Bank of America is going to reduce nearby7,5 thousand workplaces.
To reduction will cover about 3 % of all labor of the united companies. In the end of March nearby 209,1 thousand person worked in Bank of America and nearby 50,4 thousand employees […]
International conference Private Banking and Wealth Management in Russia
18 June 2008Company Infor-media Russia invites you to take part in 2nd International conferences «Private Banking and Wealth Management in Russia: prospects, strategy, practice», which will pass on June, 23rd and 24, 2008 in hotel «Marriott Royal Aurora», Moscow, Russia.
Conference «Private Banking and Wealth Management in Russia: prospects, strategy, practice» will touch upon such questions as:
- Foreign […]
UBS, Citigroup and Merrill Lynch can lose 10 billion dollars more
15 June 2008American banks Merrill Lynch and Citigroup, and also European UBS can suffer losses at the rate of 10 billion dollars because bonds insurers have lost the maximum ratings in the USA. Earlier because of securities insurers problems three banks have already lost the similar sum, however, analysts consider, that in a context of the general […]
Net profit of Societe Generale has decreased up to € 1,1 billion
13 May 2008Net profit of Societe Generale has decreased up to € 1,1 billion
During the first quarter of 2008 net profit of French bank Societe Generale S.A. has decreased on 23,4 % - up to 1,1 billion euro in comparison with 1,43 billion euro, received for the similar period year earlier. Such data has been published in […]
MasterCard doubles profit
12 May 2008Owing to growing popularity of plastic cards one of the world’s largest plastic cards operators, American company MasterCard Inc., has sharply increased profit in the first quarter of 2008. It has informed on doubling results on the background of global financial crisis that speaks about fast growth of popularity of “plastic” among consumers. MasterCard’s net […]
