Archive for 'Companies'
Citigroup sells one more division in Japan
3 January 2009Corporation Citigroup is to sell its not American actives. In the beginning of December it has sold German subdivision Citibank Privatkunden AG&Co to French group Credit Mutuel-CIC for $6,6 billion, and now has decided to sell a part of the business in Japan. It is a question of company NikkoCiti Trust and Banking Corp., focused [...]
Credit Suisse will cut 5300 jobs
4 December 2008One of the largest Swiss banks Credit Suisse will cut 5300 jobs, or about 11 % of its global work force, in connection with global financial crisis. Such information has been represented in the published statement of bank.
According to the statement, reductions will mention mainly banking investment branch. In result of reductions and other measures [...]
IMF: Great Britain or Iceland?
17 November 2008The economy of Iceland is on the verge of a collapse, and promised IMF’s 2 billion dollars credit was on fortnight delay - voting, which was planned on November, 5th, will take place only 19th. The suspension of negotiations about rescue of Iceland has been spent under the pressure of the Great Britain. London for [...]
American hypothec giant Fannie Mae has lost $29 billion
11 November 2008In the third quarter of current year Losses of the American hypothec agency Fannie Mae, which have passed in September under a direct control of the state, have reached $29 billion owing to continuation of growth of volume of nonpayments under the mortgage.
During July-September losses Fannie Mae in recalculation in one ordinary share have made [...]
Credit cards can aggravate world crisis
4 November 2008The market of credit cards has heavy times that can create a new coil of world crisis. According to data US FRS now intimidated by prospect of approach of economic recession Americans are having about 950 billion dollars of “a plastic debt”.
According to experts, the situation in sphere of card crediting reminds a vicious circle: [...]
Credit Suisse dismisses employees in the USA and Great Britain
28 October 2008One of the largest Swiss banks Credit Suisse declared about reduction of 500 workplaces in bank sector. As representatives of Credit Suisse have informed, reductions will concern employees in the USA and the Great Britain.
It is not the first reduction of employees, declared by bank. Earlier Credit Suisse has informed, that it is intended to [...]
Indian banks do not have not enough liquidity
21 October 2008Notwithstanding the fact that bank system of India is enough reliable, unexpected crisis of liquidity, and also decrease in trust of investors, investors and managers are also suffering from global financial crisis. The government of the country has made a decision on financial injections.
In weekend the Central Bank of India has reduced the reserve rate [...]
MUFG is to get 24,9 % of Morgan Stanley
7 October 2008Federal Reserve System of the USA has approved transaction on purchase 24,9 % of share capital Morgan Stanley by the Japanese bank Mitsubishi UFG Financial Group (MUFG). Such data has been represented in FRS’s official documents. Meanwhile nothing is informed on details of the transaction.
Earlier it was informed, that MUFG gets 21 % of Morgan [...]
Citigroup gets Wachovia
30 September 2008Today Federal Deposit Insurance Corporation of the USA has informed that American bank Citigroup gets bank business Wachovia. In the message of department it is emphasized, that bank Wachovia is not ruined and not the bankrupt, but is only being got by other bank.
According to the terms of transaction, Citigroup gets the most part of [...]
Credits for small business
24 September 2008Nowadays Russian economy has crisis times: for some months leading experts of all services, including Minister of Finance Alexey Kudrin, are speaking.
Bank sector experts unanimously do rates on development of opportunities of crediting of small and medium business in Russia in calculations on long-term planning, estimating possible growth of this segment within the nearest five [...]
