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Showing 151 - 160 of 189 results for "US Bank"

Bail-out Plan B

BENJAMIN ONG  |  THURSDAY, 13 NOV 2008
Has the US Treasury had a change of heart or merely trying to get on the good side of its boss-elect President Obama? The US$700 billion Troubled Asset Relief Program (TARP) will no longer buy the TA (troubled assets) under the RP (relief program). ...

I'll have what she's having

BENJAMIN ONG  |  MONDAY, 27 OCT 2008
'When government accepts responsibility for people, then people no longer take responsibility for themselves.' ~George Pataki It is looking like the 'plucked from the air' amount of US$700 billion for the US Troubled Assets Relief Program (TARP) would ...

Japan bank buys $11bn of Morgan Stanley

MICHAEL HOBBS  |  TUESDAY, 30 SEP 2008
Mitsubishi UFJ Financial Group (MUFG) bought more than $11 billion in Morgan Stanley equity for a 21 per cent interest in the company, a deal that forms an alliance between the two firms to pursue corporate and investment banking opportunities. The ...

Market Wrap - Midday

AAP  |  TUESDAY, 30 SEP 2008
The Australian stock market had lost about $45 billion in value by noon, after Wall Street went into convulsions overnight following the rejection by lawmakers of a massive rescue of the US financial system. At 1215 AEST, the benchmark S&P/ASX200 had ...

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
The part nationalisation of European banking giant Fortis will not affect the operations of its local subsidiary, Fortis Investments Australia, nor put FIA's $6 billion in funds at risk, said FIA's chief executive Ian Manton-Hall. The fate of Fortis ...

Lehman Bros files for bankruptcy

RUTH LIEW  |  TUESDAY, 16 SEP 2008
Lehman Brothers yesterday filed for bankruptcy in the US, and the shock effects are already reverberating around the world. According to a press statement released by Lehman Brothers, the group's board of directors has authorised the filing of the petition ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
'This is a once in a half century, probably once in a century type of event.' (Alan Greenspan). Are we headed for a repeat of the global depression of the 1930s? This might sound too alarmist but indeed, quite a possibility as one giant US financial ...

Instos pour $370m into Apostle fund

RUTH LIEW  |  TUESDAY, 9 SEP 2008
A number of public sector and industry super funds, multi managers and master trusts have pumped a combined $370 million into a specialist Apostle fund that aims to capitalise on the undervalued US senior bank loans market. The Apostle Loomis Sayles ...

Funny Mae, Froggy Mac

BENJAMIN ONG  |  TUESDAY, 9 SEP 2008
"Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe. This turmoil would directly and negatively impact ...

Financial woes continue to haunt

BENJAMIN ONG  |  WEDNESDAY, 13 AUG 2008
... UBS added that it does not expect 'adverse economic and financial trends' to change. Wachovia Corp., the fourth-largest US bank, revised its second quarter loss higher to US$9.1 billion from the US8.9 billion deficit announced last month. The bank also ...