Global transactions bulk up Deutsche Bank’s profits
Global transactions bulk up Deutsche Bank’s profitsBY ARINDAM NAG OF DOW JONES NEWSWIRES
The Business
10 Feb 2007
Anyone tracking Deutsche Bank’s performance with an eye on a good long-term bet needs to look at a part of its business which generates few headlines: its global transactions business (GTB) is in the third year of a robust recovery, boasting a 66%...
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Greek banks prepare for war
Greek banks prepare for warBY HELEN DUNNE
The Business
10 Feb 2007
THE GREEKS are better known for their tragedies than their farces; but the current € 6bn (4bn, $7.9bn) spat in its banking sector has unexpectedly emerged as the most exciting financial services battle in Europe. This unlikely tale began last month...
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Markets cannot bank on rates holding
Markets cannot bank on rates holdingLarry Elliott Economics editor
The Guardian
05 Feb 2007
Once bitten, twice shy. Having been caught napping by the Bank of England’s surprise increase in interest rates early in the new year, the City is a bit more circumspect this month. The smart money is on the Monetary Policy Committee (MPC) keeping its...
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Behind Citigroup’s Sears problem
Behind Citigroup’s Sears problemBy Robin Sidel And Clint Riley
The Wall Street Journal Europe
31 Jan 2007
Citigroup Inc. went on a buying spree at Sears more than three years ago. Now, it needs other shoppers to do the same. Top executives of Citigroup, grappling with high expenses and disappointing performance in some businesses, are singling out the...
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Muted German inflation may not prevent ECB from raising rates
Muted German inflation may not prevent ECB from raising ratesBy Joellen Perry
The Wall Street Journal Europe
31 Jan 2007
FRANKFURT—Lower oil prices helped offset a hefty tax increase to keep German inflation below expectations in January, a signal that inflation across the euro area could remain muted this month. Still, the data are unlikely to sway the European Central...
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