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Finance


2012-01-17 09:58:00

Sumitomo Mitsui Financial Group Inc. (8316), Japan’s second-biggest bank by market value, won a bid to buy Royal Bank of Scotland Group Plc’s aircraft-leasing division for about $7.3 billion.
 

2012-01-16 11:18:38

The re-election of Taiwanese President Ma Ying-jeou, a booster of closer ties with China, is bullish for the island’s financial markets, according to Bank Julius Baer & Co., Citigroup Inc. and Uni-President Assets Management Corp.
 

2012-01-16 11:17:25

Australian home-loan approvals rose in November for an eighth straight month as the central bank’s first interest-rate reduction in two years helped attract first- time buyers.
 

2012-01-16 11:16:39

The euro is losing the relationship with riskier assets that underpinned the currency in 2011 as the deepening sovereign debt crisis reduces the creditworthiness of even the biggest economies in the region.
 

2012-01-16 11:14:47

Lazard Ltd. (LAZ), the largest non-bank merger adviser, has been given five weeks to find a buyer for all or parts of Royal Bank of Scotland Group Plc (RBS)’s equities and advisory operations before managers start firing employees, according to three executives at the bank.
 

2012-01-13 10:41:04

Royal Bank of Scotland Group Plc’s decision to cut its European investment bank by more than a quarter may kick-start a wider shake-up in European investment banking as a fee drought and greater regulation force middle- ranking firms to shrink their operations.
 

2012-01-13 10:40:20

As financial turmoil in Europe threatened to overwhelm the region’s banks last November, Bank of England Governor Mervyn King arranged conference calls with the world’s top central bankers to decide what steps to take.
 

2012-01-12 10:54:23

Deutsche Bank AG (DBK) executives decided to pursue a sale of asset-management units after they were satisfied with early interest in the business, according to two people with knowledge of the matter.
 

2012-01-12 10:53:47

Spain’s banks, saddled with 329,000 foreclosed homes, are still willing to provide mortgages, as long as the borrower wants to buy one of their properties, according to a consumer-rights group. That’s no help to homeowners and developers seeking to sell.
 

2012-01-12 10:53:09

QBE Insurance Group Ltd. (QBE) shares tumbled the most in more than 10 years in Sydney trading after it said 2011 profit fell as much as 50 percent on record natural disaster claims.
 

2012-01-12 10:52:07

David B. Heller and Edward K. Eisler, two of the four co-heads of securities trading at Goldman Sachs Group Inc. (GS), are leaving the firm as it grapples with declining revenue from the business.
 

2012-01-10 10:08:43

Wall Street’s biggest firms, facing a slump in investment-banking revenue, are considering freezing compensation levels for some junior bankers, according to people familiar with the deliberations.
 

2012-01-10 10:07:32

By Thursday lunchtime in London, the 18,900 employees in Royal Bank of Scotland Group Plc’s (RBS) investment banking division will know whether they still have jobs at Britain’s biggest government-owned lender.
 

2012-01-10 10:06:26

Thomas Jordan’s first test as interim president of Switzerland’s central bank will be to prove he can defend the four-month old cap on the franc as well as its chief architect did.
 

2012-01-10 10:05:50

A U.K. house-price index (UKRXPBAL) showed the property market continued to face strains last month from a deteriorating economic outlook and stretched consumers, according to the Royal Institution of Chartered Surveyors.
 

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