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Goldman Sachs: The great American bubble machine
SeattlePI.com | 57 minutes ago
Matt Taibbi's piece in Rolling Stone magazine's latest issue is creating a fair amount of buzz across the Internet. It's hard not to be sucked into am article that begins this way: "The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."... (more)
Showdown as EU and UK battle over banks
Independent (London), The | 1 hour 4 minutes ago
Home > News > Business > Business News... (more)
HNIs ARE HOLDING BACK
Financial Express (India), The | 2 hours 53 minutes ago
: Prashanth Narayan, CIO, PMS, multi manager strategies, ING Investment Management, spoke with Abhay Rao of the Financial Express about the new quantitative PMS products launched by ING, how they work differently and can form an important part of a persons equity portfolio. Excerpts:... (more)
Pension pots are biggest in public sector
Times (London), The | 3 hours 44 minutes ago
As a BBC “lifer”, Alan Yentob has stayed for more than four decades, as first Morecambe and Wise, then Des Lynam and Michael Grade jumped ship for the rewards of the commercial sector.... (more)
EDF's Y110bn samurai bond sale lifts Japanese confidence
Financial Times (free content) | 4 hours 13 minutes ago
Japan's samurai bond market showed further signs of rejuvenation yesterday as EDF of France became the first non-financial company to sell such bonds since the collapse of Lehman Brothers last September.The power producer sold Y110.4bn ($1.15bn) in samurai bonds - yen-denominated debt issued in Japan by a foreign entity - with maturities ranging from three to seven years.The bonds are also not government-guaranteed, the first such samurai issue since Rabobank, the Dutch banking group, sold Y2...... (more)
Baxi set for De Dietrich merger
Financial Times (free content) | 6 hours 25 minutes ago
Baxi, the UK s leading boilermaker, is close to agreeing a 1.7bn ($2.4bn) merger with De Dietrich Remeha Group, its smaller Dutch rival, which would allow the Derby-based group to address its mounting debt problem.BC Partners and Electra Partners, the private equity owners of Baxi, would invest 100m in the merged group as part of the deal, leaving them with a stake of slightly less than half.Talks are expected to be completed by the summer, though the deal would still need the approval of B...... (more)
Swiss banks drop US clients due to UBS case -media
Reuters | 12 hours 10 minutes ago
* ZKB, Mirabaud dropping clients who pay US taxes, NZZ says * HSBC asked clients to waive bank secrecy - TagesAnzeiger... (more)
THE NEW BOND MAN
National Post (Canada) | 13 hours 45 minutes ago
The unlikeliest of species on the Street is suddenly the sexiest. Not since the heady 1980s, when a... (more)
Onex to bring contract fight directly to workers
Sun (Baltimore), The | 17 hours 27 minutes ago
Smarting from a union vote rejecting a contract offer but still intent on buying Boeing Co. 's Wichita production plant, Onex Corp. said Thursday that it plans to mail employment offers directly to its machinists--at terms that are less attractive than the contract the workers rejected.... (more)
Brazil's Bradesco Bank OKs Interest Payment On Own Equity
Wall Street Journal, The | 17 hours 29 minutes ago
RIO DE JANEIRO (Dow Jones)--Shareholders, at an extraordinary general meeting of Brazil's second-largest private bank, Banco Bradesco SA (BBD) approved payment of interest on the bank's own equity for its shareholders totaling 501 million Brazilian reals ($257 million), Brazil's securities and exchange commission, or CVM, said in a statement Friday. The payment, which will be made on Julyy 20, will be equal to around BRL0.13 per common share and BRL0.15 per preferred share. ... (more)
Bank of China announces yuan trade deal with HK's HSBC
Reuters | 18 hours 24 minutes ago
BEIJING, July 4 (Reuters) - China's largest foreign exchange bank, the Bank of China (601988.SS)(3988.HK), has reached a yuan trade settlement agreement with HSBC (0005.HK)(HSBA.L) bank in Hong Kong, taking advantage of new rules allowing such deals. Under rules announced this week, foreign banks will be able to buy or borrow yuan from Chinese mainland lenders to settle trade in Hong Kong and Macau under a pilot scheme. [ID:nPEK31144]... (more)
Sale shows San Francisco property values in free fall
American City Business Journals | 19 hours 3 minutes ago
A downtown San Francisco office building that sold for $400 a square foot in 2006 has traded for just $172 a square foot, a 57 percent decline that industry experts see as an important milestone in establishing new, recession-era values for financial district property.... (more)
Bank loans for EWS, LIG houses - Lucknow - Cities - The Times of India
Times of India, The | 23 hours 43 minutes ago
Maruti Ritz | Car review | Buy Car... (more)
Data show conditions easing
Financial Times (free content) | 1 day 1 hour 2 minutes ago
The economy staged a sharp recovery in the second quarter of this year and may have returned to anaemic growth, figures published on Friday suggest.The combined purchasing managers index for services, manufacturing and construction industries jumped to an average of 49.4 in the three months to June, compared with the depressed level of 40.8 in the first quarter.Chris Williamson, economist at Markit, which compiles the data, said that this level was historically consistent with growth in gros...... (more)
Crude slips further in holiday trade
Financial Times (free content) | 1 day 1 hour 2 minutes ago
Oil surged to an eight-month high before suffering a sharp reverse as the actions of a rogue trader and a wave of grim economic data provided talking points in what was expected to be a languid, holiday-shortened week.The first severe blow to sentiment came with Wednesday s weekly US government crude inventories data that showed a sharp rise in petrol and products stocks at a time when demand from summer drivers should be high.US employment figures on Thursday showing joblessness in the world...... (more)
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Companies in the news
- Anglo Irish Bank Corporation Ltd
- Aozora Bank Ltd.
- Bank of Japan
- CCMP Capital Advisors LLC
- Federal Deposit Insurance Corp.
- Goldman Sachs Group Inc.
- Mitsubishi UFJ Financial Group
- Morgan Stanley
- Northern Rock
- Robert W. Baird & Co.
- Royal Bank of Scotland
- Shinsei Bank Ltd.
- Standard Chartered
- Suncorp
- T. Rowe Price