Sberbank offermay top $11 billion
Sberbank offermay top $11 billionBy Andrew Langley
The Wall Street Journal Europe
30 Jan 2007
MOSCOW—OAO Sberbank launched a share offering that could bring in more than $11 billion to support retail-lending growth at the Russian state-controlled bank. The placement will consist of as many as 3.5 million new shares, although the Russian...
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How hedge fund’s crisis helped other firms profit
How hedge fund’s crisis helped other firms profitBy Ann Davis, Gregory Zuckerman and Henny Sender
The Wall Street Journal Europe
30 Jan 2007
When Amaranth collapsed in the fall, after swiftly incurring a loss of more than $6 billion, it was the biggest hedge-fund failure ever. Now, as Amaranth investors slowly get back what is left of their money, it is becoming clear that the debacle also...
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New rate hike in doubt as Bank reveals split
New rate hike in doubt as Bank reveals splitAshley Seager
The Guardian
25 Jan 2007
A further hike in interest rates in the near future was cast into doubt when it was revealed yesterday that the Bank of England’s monetary policy committee was split almost down the middle when it voted earlier this month to raise rates. Minutes of...
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New rate hike in doubt as Bank reveals split
New rate hike in doubt as Bank reveals splitAshley Seager
The Guardian
25 Jan 2007
A further hike in interest rates in the near future was cast into doubt when it was revealed yesterday that the Bank of England’s monetary policy committee was split almost down the middle when it voted earlier this month to raise rates. Minutes of...
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Citigroup net drops 26%
Citigroup net drops 26%By Clint Riley
The Wall Street Journal Europe
22 Jan 2007
Citigroup Inc.’s chief said he expected to boost competitiveness at its investment bank this year and to rein in expenses after a relatively sluggish fourth quarter for the world’s largest financial institution by market value. Fourth-quarter net...
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THE £40m BANKER
THE 40m BANKERHELEN DUNNE
The Business
20 Jan 2007
A BANKER at Barclays was paid at least 40m ( €61m, $79m) in 2005, making him the highest paid employee of a FTSE 100 company in history, The Business can reveal. Some insiders claim that Roger Jenkins, head of principal investing and private equity...
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Big is no longer beautiful for HSBC
Big is no longer beautiful for HSBCJON ASHWORTH AND ROSS TIEMAN
The Business
13 Jan 2007
THE words “Established bank. A few problems in America. Shares look cheap,” may look tempting to investors fancying a speculative punt – but not when the bank in question is HSBC, once considered as solid as the Hong Kong Peak beneath which its Asian...
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Creditwoes chip at banks
Creditwoes chip at banksBy Robin Sidel
The Wall Street Journal Europe
19 Jan 2007
Little cracks are starting to appear. Even as big U.S. banks crank out double-digit percentage gains in earnings, a longpredicted weakening in credit quality is showing up in their quarterly financial reports. Like their smaller brethren that began...
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Surging higher: factory prices, wages and lending
Surging higher: factory prices, wages and lendingAshley Seager
The Guardian
19 Jan 2007
Further justification for last week’s interest rate rise by the Bank of England emerged yesterday as a key business survey showed surging demand across the economy and rising prices for firms’ goods. And today a survey from a leading pay specialist...
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Seeking cash, U.S. banks create post: deposit chief
Seeking cash, U.S. banks create post: deposit chiefBy Clint Riley
The Wall Street Journal Europe
16 Jan 2007
The U.S.’s banks and savings institutions are facing a severe deposit crunch. Total deposits as a percentage of assets on hand at the end of September at the U.S.’s more than 8,700 insured banks and thrifts reached the lowest level since the Federal...
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Banks’ role in LBO boom worries German official
Banks’ role in LBO boom worries German officialBy Edward Taylor
The Wall Street Journal Europe
12 Jan 2007
Germany’s top financial-markets regulator, echoing the worries of other financial regulators in Europe and the U.S., said there are increasing concerns about the risks that banks and others are taking as they help finance a historic leveraged-buyout...
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