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Finance


2012-04-27 09:31:31

Bank of China Ltd., the country’s third-biggest lender by assets, said profit growth decelerated to 10 percent in the first quarter as the world’s second-largest economy slowed, curtailing loan expansion and margins.
 

2012-04-27 09:30:18

DBS Group Holdings Ltd. (DBS), the lender that offered to buy PT Bank Danamon Indonesia for $7.2 billion, posted first-quarter profit that unexpectedly climbed 16 percent to a record on higher income from interest and trading.
 

2012-04-27 09:26:48

Macquarie Group Ltd. (MQG), Australia’s biggest investment bank, forecast an earnings recovery after a slump in trading income and dealmaking fees dragged full-year net income to an eight-year low.
 

2012-04-26 11:11:13

Ace Ltd. (ACE), the Swiss insurer with operations in more than 50 countries, is seeking expansion in Japan after the country’s insurers took on too much risk, Chief Executive Officer Evan Greenberg said.
 

2012-04-26 11:10:06

Credit Suisse Group AG (CSGN) Chief Executive Officer Brady Dougan said market conditions worsened in April from the first quarter, when its investment bank returned to profit after a 2011 loss.
 

2012-04-26 11:09:06

Coca-Cola Co. (KO) Chairman Muhtar Kent, who pushed for the beverage maker’s 11th stock split with an appeal for greater market liquidity, may be philosophically at odds with his biggest investor, Warren Buffett.
 

2012-04-26 11:08:07

Goldman Sachs Group Inc. (GS) Chairman and Chief Executive Officer Lloyd C. Blankfein said he’s more optimistic about markets than some economists and investors.
 

2012-04-23 08:47:53

Qatar Investment Authority, the Gulf Arab country’s sovereign wealth fund, has $30 billion to invest this year, board member Hussain Al Abdulla said.
 

2012-04-23 08:44:07

European Central Bank officials led by President Mario Draghi resisted calls from the International Monetary Fund and U.S. Treasury to do more to stem the debt crisis roiling the euro-area economy.
 

2012-04-23 08:41:25

Hong Kong Exchanges & Clearing Ltd., surpassed by CME Group Inc. as the world’s biggest bourse by market value, will fall behind others if it’s not vigilant, said Ronald Arculli, who steps down as chairman today.
 

2012-04-23 08:37:26

Europe’s biggest insurers and reinsurers, including Allianz SE (ALV) and Zurich Insurance Group AG (ZURN), are using last year’s losses from natural catastrophes and auto underwriting to increase policy prices.
 

2012-04-20 09:46:48

Morgan Stanley (MS) climbed in New York trading as first-quarter results beat analysts’ estimates and stock- and bond-trading revenue rose more than at any other major U.S. bank.
 

2012-04-20 09:45:19

Myanmar President Thein Sein today begins his first visit to Japan as head of state seeking a debt- forgiveness deal that opens the way for his nation’s biggest creditor to resume financing roads, bridges and ports.
 

2012-04-20 09:44:03

Bank of America Corp.’s backlog of pending demands for refunds on soured loans reached a record $16.1 billion as a dispute deepened between the second-largest U.S. lender and Fannie Mae.
 

2012-04-20 09:42:21

Richard Parsons, speaking two days after ending his 16-year tenure on the board of Citigroup Inc. (C) and a predecessor, said the financial crisis was partly caused by a regulatory change that permitted the company’s creation.
 

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