ABN Amro pays Vietnam for losses
ABN Amro pays Vietnam for lossesBy James Hookway
The Wall Street Journal Europe
27 Nov 2006
A B N A m ro H o l d i n g NV has p a i d $ 4 . 5 m i l l i o n t o a s t a te - owned Vietnamese bank to comp e n s a te i t f o r l o s s e s s u f f e re d d u r - i n g d i s p u te d f o re i g n - c u r re n c y t ra d e s w i t h t h e D u tc h...
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Deal would end banker’s trial
Deal would end banker’s trialBy Edward Taylor
The Wall Street Journal Europe
27 Nov 2006
Deutsche Bank AG Chief Executive Josef Ackermann took a big step toward ending the uncertainty over his ability to lead Germany’s largest bank after reaching a proposed settlement with German prosecutors in a high-profile criminal trial over executive...
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U.S., EU work to ease Swift bank-data concerns
U.S., EU work to ease Swift bank-data concernsBy Glenn R. Simpson
The Wall Street Journal Europe
21 Nov 2006
BRUSSELS—As European privacy watchdogs step up their criticism of aU.S. counterterrorism program that monitors global banktransfer data, U.S. and European Union officials are quietly exploring ways to allay concerns over the program’s possible...
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Banks warned of ‘end to the good times’
Banks warned of ‘end to the good times’Jill Treanor and Rupert Jones
The Guardian
16 Nov 2006
The City regulator issued a warning to the high street banks yesterday that the “clouds were already darkening” and urged them to prepare for the impact of rising unemployment and the knock-on effect on bad debts. The Financial Services Authority...
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Inflation steadies but Bank fears higher wage deals
Inflation steadies but Bank fears higher wage dealsAshley Seager
The Guardian
15 Nov 2006
The prospect of further interest rate rises in the next few months receded yesterday with official figures showing no change in the rate of inflation — defying City expectations that it would rise to its highest in a decade. The Office for National...
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RBS sets sights on China’s insurance market
RBS sets sights on China’s insurance marketPhillip Inman Beijing
The Guardian
10 Nov 2006
Royal Bank of Scotland has expanded its joint venture with Bank of China to include general insurance, even though the bank admits it could be bought out after three years in spite of investing 900m. RBS is convinced a lucrative market for insurance...
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For investors, going beyond bonds pays dividends
For investors, going beyond bonds pays dividendsBy Michael A. Pollock
The Wall Street Journal Europe
06 Nov 2006
Income-focused investors long have gravitated to bond-focused mutual funds, and for good reason. Such funds offer ample yield and much less volatility than stocks. But to cope with inflation and cut the risk of outliving their assets, itmay make sense...
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Abbey criticised for lending up to five times salary
Abbey criticised for lending up to five times salaryRupert Jones
The Guardian
02 Nov 2006
Debt charities and MPs condemned yesterday the leading mortgage lender Abbey’s decision to allow homebuyer couples to borrow up to five times their combined salaries. The bank said it was raising the amount it would lend to help more of those...
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