JP Morgan will eliminate more than half of Bear Stearns 14,000 jobs, reports CNBC's Charlie Gasparino.
Societe Generale beat expectations with its first-quarter earnings Tuesday, but announced further writedowns of $1.7 billion. Mamoun Tazi fr...
Fortis suffered a worse-than-expected fall in the first quarter as the credit crunch losses outweighed the impact of new revenue streams. Ca...
UK inflation came in sharply higher than expected in April, curbing hopes of the Bank of England cutting rates at its next meeting. Daniel H...
Fortis rolled out a worse-than-expected 31% drop in first-quarter net profit, offsetting gains from ABN Amro. Wim Zwanenburg from Degroof Ne...
Many insurers are not directly exposed to the financial turmoil, according to Alec Foster, chairman of HIM Capital. He told CNBC that Far Ea...
The price Westpac offered for St George Bank is right, says Graham Harman, head of investment strategy at Citi Australia. He assesses the me...
Insight on MBIA earnings and the state of the credit markets, with Eric Dinallo, NYS Insurance Dept. superintendent
Shares of HSBC traded higher Monday after the bank reported a lower-than-expected $3.2 billion writedown related to US subprime mortgages. H...
HSBC traded higher Monday after it reported a good start to 2008 with strong performances in Asia boosting the results. Andy Lynch from Schr...
Europe's largest bank HSBC said its profit in the first quarter was ahead of a year earlier as growth in Asia helped counter another big hit...
John Murray, MD of Perennial Value Management and Glenn Rosewall, CEO & MD from BBY expect more consolidation in Australia's banking sector,...
The margins of Chinese companies will be further squeezed this year due to inflation, says Dorris Chen, director at BNP Paribas Equity, afte...
Westpac Banking said it is in merger talks with smaller rival St. George Bank. Peter Morgan, client dvisor, Tolhurst gives his immediate rea...
Citigroup CEO Vikram Pandit outlined a three-phase turnaround plan, including a selloff of about $400 billion of assets. Bill Smith, a Citi ...
Citigroup is selling assets and cutting costs, and CNBC's Mary Thompson has more on that and other developments from Citigroup's annual inve...
Citi CEO Vikram Pandit outlined his plan to turnaround the troubled banking giant, and CNBC's Mary Thompson has the details.
Insight on whether Vikram Pandit's strategy can turn Citi around, with Daniel Alpert, Westwood Capital; Vince Farrell, Scotsman Capital Mana...
Posts |
SECTOR : Financial Services
The Realtors tend to see the glass half full, that is, that 1/3 of the nation’s top 149 metro markets are still showing price increases year-over-year... Read More
Stronger retail sales than expected (ex-auto up 0.5 percent, the best showing since November) has caused an 8-point pop in futures... Read More
9 May 2008
Alan Greenspan said Thursday that the worst of credit crisis is over... Read More
9 May 2008
What do AIG, Citigroup and Circuit City have in common? They're all awful, Cramer said.... Read More
9 May 2008
I get a press release probably once a week from the National Association of Home Builders on some or another green improvement, initiative, product or conference... Read More
News |
SECTOR : Financial Services
Source: Reuters
Source: The Associated Press
Source: Reuters
Source: Reuters
Source: Reuters
Source: Reuters
Monday, 12 May 2008
Source: CNBC staff and wire reports
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