Tuesday, January 30, 2007

Sberbank offermay top $11 billion

Sberbank offermay top $11 billion

By 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... read more...
Tech Tags:

How hedge fund’s crisis helped other firms profit

How hedge fund’s crisis helped other firms profit

By 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... read more...
Tech Tags:

Thursday, January 25, 2007

Tightening the belt: At Citigroup, battle over expenses fueled ouster

Tightening the belt: At Citigroup, battle over expenses fueled ouster



The Wall Street Journal Europe

25 Jan 2007



read more...
Tech Tags:

New rate hike in doubt as Bank reveals split

New rate hike in doubt as Bank reveals split

Ashley 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... read more...
Tech Tags:

New rate hike in doubt as Bank reveals split

New rate hike in doubt as Bank reveals split

Ashley 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... read more...
Tech Tags:

Monday, January 22, 2007

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... read more...
Tech Tags:

THE £40m BANKER

THE 40m BANKER

HELEN 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... read more...
Tech Tags:

Friday, January 19, 2007

Big is no longer beautiful for HSBC

Big is no longer beautiful for HSBC

JON 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... read more...
Tech Tags:

Creditwoes chip at banks

Creditwoes chip at banks

By 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... read more...
Tech Tags:

Surging higher: factory prices, wages and lending

Surging higher: factory prices, wages and lending

Ashley 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... read more...
Tech Tags:

Tuesday, January 16, 2007

Seeking cash, U.S. banks create post: deposit chief

Seeking cash, U.S. banks create post: deposit chief

By 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... read more...
Tech Tags:

Friday, January 12, 2007

Banks’ role in LBO boom worries German official

Banks’ role in LBO boom worries German official

By 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... read more...
Tech Tags: