GENOA, Italy, May 16- A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash calls and triggering an overhaul of how they do business.» Read More
GENOA, Italy, May 16- A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash calls and triggering an overhaul of how they do business.
WASHINGTON, May 15- It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people- I'm sure they are all very respectful of their elders.
The Bloomberg terminal privacy breach puts the firm in an awkward situation: Explaining itself to Wall Street clients.
The Fed and Treasury are examining the extent to which Bloomberg journalists tracked usage of Bloomberg terminals.
*But move seen positive for banks, Spain in the long-term. MADRID, May 10- Spain's banking sector clean-up is about to enter a decisive new phase, with new rules forcing lenders to recognise yet more bad debts widely expected to be toughened up as time goes on.
NEW YORK, May 6- Merrill Lynch Wealth Management on Monday said it has hired Ashvin Chhabra as chief investment officer and head of investment management, overseeing about 150 strategists who design portfolios for wealthy clients.
May 3- Oilfield services provider Oil States International Inc, bowing to pressure from top shareholder Jana Partners LLC, said it was considering spinning off its accommodations business, possibly through a real estate investment trust.
Fitch Ratings has set the Insurer Financial Strength ratings and Long-Term Issuer Default Rating PT Asuransi Export Indonesia respectively at' BBB-'. Fitch also provides National IFS rating and National Long-term ratingsrespectively at' AAA'. Outlook for all ratings is stable.
May 2- India's diversified stock mutual funds outperformed the broader market marginally in April, with high exposure to financial services stocks supporting unit values, data from fund tracker Lipper showed.
NEW DELHI, May 2- India's diversified stock mutual funds outperformed the broader market marginally in April, with high exposure to financial services stocks supporting unit values, data from fund tracker Lipper showed.
Fitch has withdrawn the ratings as Aktia Bank has chosen to stop participating in the rating process. Accordingly, Fitch will no longer provide ratings or analytical coverage for Aktia Bank. The affirmations reflect Aktia Bank's good local presence in Finland, particularly in retail banking, strong asset quality, and solid capital ratios.
The economy is sputtering back to life and many an employee has an itch to see what else is out there. Before you blast out your resume, check out the 10 best jobs for 2013.
BEIJING, April 23- China's local government financing vehicles face mounting pressure to repay bank credit as nearly 40 percent of loans are coming due by 2016, the China Business News reported on Tuesday, citing official data.
DUBLIN/ LONDON April 14- Though the implosion of Cyprus's bloated banking system has put other euro zone economies with outsized financial sectors such as Luxembourg and Malta in the spotlight, loan quality is the real litmus test of a country's financial stability.
Aggressive shareholders such as Carl Icahn, Nelson Peltz and Ralph Whitworth, who agitate for change at companies they believe to be sub-par, are increasingly getting a hearing with institutions ranging from the most staid mutual fund to the state-run pension fund.
Last November, CalSTRS teamed up with Ralph Whitworth's Relational Investors LLC to urge for a breakup of diversified manufacturer Timken Co, the first time the California pension plan has participated in this kind of activism.
The island's 2008 entry to the euro zone was the first in a series of events which have led to a situation in which ATMs in Cyprus may soon run out of cash.
Mathew Driver, Division President for Southeast Asia at Mastercard, says the first step to gaining penetration in Myanmar's debit and credit card market is to ensure better access to bank accounts.
*Nasdaq held talks with Carlyle, Hellman& Friedman. Feb 15- Long frustrated about the low market valuation of Nasdaq OMX Group Inc, the exchange operator's management is debating various ideas, ranging from further diversification to radical steps like going private or eventually splitting up the company, said several people familiar with the situation.
TOKYO, Feb 15- Japanese financial services firm Orix Corp will buy Dutch asset manager Robeco from its owner Rabobank for about 240 billion yen in a cash and stock deal, sources familiar with the matter said on Friday.