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Showing 14061 - 14070 of 17977 results for "Bank"

Investment titans now governed by Fed

COMPANY RELEASES  |  MONDAY, 22 SEP 2008
Two of the world's investment banking giants Goldman Sachs and Morgan Stanley have morphed into bank holding companies - a historic move to avert a disastrous turn similar to Lehman Brothers and Bear Stearns. Goldman Sachs announced in a statement yesterday ...

AMP taps first home saver market

RUTH LIEW  |  MONDAY, 22 SEP 2008
AMP Banking is offering first home saver accounts (FHSAs) which boasts an 8 per cent interest rate per annum. AMP is launching the new account from the beginning of October, which will see borrowers pay an introductory variable interest rate of eight ...

Greater fool with no shorts

BENJAMIN ONG  |  MONDAY, 22 SEP 2008
Equity markets rebounded sharply at the end of last week's trading as America's administrative, fiscal, monetary and regulatory authorities combined to wrench the claws off the credit squeeze that, last week, threatened to strangle the US financial ...

Market Wrap - Morning

AAP  |  MONDAY, 22 SEP 2008
The Australian stock market is expected to open stronger today, with Wall Street extending its rally on Friday as investors returned to the market on the back of a US Treasury plan to restore calm to the financial system. At 0745 AEST, the Sydney Futures ...

Market Wrap - Midday

AAP  |  FRIDAY, 19 SEP 2008
... $12.50, or 47.98 per cent, to $38.55, while Babcock & Brown advanced 12.5 cents, or 16.45 per cent, to 88.5 cents. Commonwealth Bank added $2.61, or 6.51 per cent, to $42.69, National Australia Bank put on $3.00, or 15.31 per cent, to $22.60, while ANZ ...

Super cushions local asset managers

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
... sold, as their parent banks review their capital base. Contrary to events unfolding overseas, where companies such as Spanish bank Santander, German bank Commerzbank and Belgian bank Fortis have either sold or in the process of selling their asset management ...

No more short cuts

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
UK's financial services regulator has stepped in to ban the shorting of UK bank shares and other financials from today until January next year - mirroring the US regulator's move to tighten rules on short-selling to thwart speculators from causing more ...

HBOS Australia gives Lloyds thumbs up

RUTH LIEW  |  FRIDAY, 19 SEP 2008
HBOS Australia's parent company is being swallowed by UK bank Lloyds TBS, but its local arm is welcoming the move as a way to grow its client base. In a statement released by the company, HBOS Australia claims the acquisition would position the firms' ...

Mahogany assesses Lehman exposure

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
... in its Notes Series. Mahogany Capital is working with security trustee, Perpetual Trustee Company, custodian and trustee Bank of New York Mellon and the note trustee of Mahogany Notes I to clarify its position. "The reason for the suspension is the uncertainty ...

TOWER and BNY Mellon clarify position

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
Australian insurance giant, TOWER and global financial services firm, Bank of New York Mellon have been quick to clarify the firms have little to no exposure to Lehman Brothers and AIG. In an Australian Securities Exchange (ASX) statement, TOWER Australia ...