Bank Report

Goldman platform hurdle (The Wall Street Journal Europe, 17 Sep 2007, Page 31)

2007-09-17T12:41:00.001+01:00

Goldman platform hurdle
By Luke Jeffs
The Wall Street Journal Europe
17 Sep 2007

THREE MONTHS AFTER Goldman Sachs Group Inc. launched its first European multibroker algorithmic trading offering, the bank is struggling to persuade its largest rivals to use its RediPlus service. At issue is the question of independence and whether... read more...

For Northern Rock, the options grow stark (The Wall Street Journal Europe, 17 Sep 2007, Page 3)

2007-09-17T12:19:00.001+01:00

For Northern Rock, the options grow stark
By Carrick Mollenkamp And Jason Singer —Joellen Perry contributed to this article
The Wall Street Journal Europe
17 Sep 2007

After a weekend of worried customers crowding branches to withdraw their deposits, U.K. bank Northern Rock PLC faces tough decisions on how to salvage its business. With U.K. television broadcasting scenes of lines at bank branches and screaming... read more...

Tech Tags: The Wall Street Journal Europe newspaper Leading The News

2007-08-22T18:18:00.001+01:00

Central banks keeping markets f lush with cash
By and in Frankfurt and in London
The Wall Street Journal Europe
22 Aug 2007

Amid persistent fears of a global credit crisis, central banks world-wide continued pumping cash into money markets. As expected, the European Central Bank gave cash-hungry institutions extra funds in its regular weekly refinancing operation... read more...

Tech Tags: The Wall Street Journal Europe newspaper Front Page

2007-07-24T17:48:00.001+01:00

Barclays turns to China
By Jason Dean in Beijing and Carrick Mollenkamp and Jason Singer in London
The Wall Street Journal Europe
24 Jul 2007

In reaching out to China to raise money, Barclays PLC is demonstrating an important shift in the flow of global capital. China Development Bank, a Chinese-government controlled lender, plans to invest as much as OE9.8 billion, or $13.6 billion, for a... read more...

Tech Tags: The Wall Street Journal Europe newspaper Front Page

2007-07-16T13:39:00.001+01:00

RBS readies new ABN offer
By Jason Singer And Carrick Mollenkamp
The Wall Street Journal Europe
16 Jul 2007

ATRIO OF BANKS led by Royal Bank of Scotland Group PLC plans to present a new, almost-all-cash bid for Dutch bank ABN Amro Holding NV as early as today and has asked ABN’s management and supervisory boards to recommend its offer, according to people... read more...

Tech Tags: The Wall Street Journal Europe newspaper Money & Investing

2007-07-10T19:17:00.001+01:00

Banking on commodities
By Rebecca Smith And Carrick Mollenkamp
The Wall Street Journal Europe
10 Jul 2007

SEMPRA ENERGY’S plan to form a joint venture for commodities trading with Royal Bank of Scotland Group PLC is the latest example of banks playing a larger role in markets previously dominated by energy companies. The joint venture is an attempt to... read more...

Tech Tags: The Wall Street Journal Europe newspaper European Markets Lineup

2007-07-02T13:24:00.001+01:00

ABN Amro aims to buy stake in Chinese lender
By Rick Carew —Rose Yu contributed to this article.
The Wall Street Journal Europe
02 Jul 2007

SHANGHAI—Dutch bank ABN Amro Holding NV hopes to take a strategic stake in Chinese regional lender Huishang Bank Co. and rapidly expand its own China network, ABN Amro Asia’s chief executive said Saturday. “We would be interested in starting a... read more...

Tech Tags: The Wall Street Journal Europe newspaper Money & Investing

2007-06-18T14:18:00.001+01:00

Chinese banks expand overseas
By Carolyn Cui —Damien Paletta contributed to this article.
The Wall Street Journal Europe
18 Jun 2007

NEW YORK—Chinese banks are stepping up their presence in the U.S., part of a broader move by China to integrate its financial system with the rest of the world. In April, Industrial & Commercial Bank of China, the country’s largest commercial bank by... read more...

Tech Tags: The Wall Street Journal Europe newspaper From Page One

2007-06-05T15:09:00.001+01:00

China’s new wealth lures private bankers
By Jason Leow —Zhou Yang and Shai Oster contributed to this article.
The Wall Street Journal Europe
05 Jun 2007

BEIJING—China’s growing legions of newly rich have spurred a niche that once would have been unthinkable in this Communist nation— private banking. Citigroup Inc.’s Citibank (China) Co. and Bank of China Ltd. have launched separate programs in what is... read more...

Tech Tags: The Wall Street Journal Europe newspaper Money & Investing

2007-05-28T19:45:00.001+01:00

The Profumo affair

The Business
26 May 2007

he board of ABN Amro must have been kicking their clogs in frustration as they watched Italy’s UniCredit announce and agree a takeover of Capitalia, a smaller domestic rival, for nearly €22bn (£15bn, $29.6bn) in just two weeks. To the great surprise of... read more...

Tech Tags: The Business newspaper Business Focus Italian Banks

2007-05-28T19:43:00.000+01:00

Fresh blow to RBS’s ABN Amro bid over Dutch central bank fears
HELEN DUNNE
The Business
26 May 2007

THE Dutch central bank is concerned that Royal Bank of Scotland may have insufficient financial resources to support ABN Amro while the consortium splits the banking group apart. It is believed that De Nederlandsche Bank’s (DNB) concerns are proving a... read more...

Tech Tags: The Business newspaper Editorial

2007-05-23T16:24:00.001+01:00

Japan’s bank revival moves slowly
By Yuka Hayashi
The Wall Street Journal Europe
23 May 2007

Tokyo ABOUT A YEAR AGO, Japan’s top three banks outlined ambitious plans to get back into growth mode. They had finally gotten rid of the bad-loan problems that had bogged them down for nearly a decade and were eager to boost their profitability so... read more...

Tech Tags: The Wall Street Journal Europe newspaper Corporate News

2007-05-10T03:28:00.001+01:00

Bank of America sues ABN Amro

The Nation
07 May 2007

Bank of America sued ABN Amro at the weekend, saying the Dutch bank’s breach of a deal to sell a Chicago-based bank would cause “irreparable damage”. Bank of America filed suit in a federal court in New York seeking an injunction barring ABN Amro from... read more...

Tech Tags: The Nation newspaper BUSINESS WORLD

2007-04-23T15:29:00.001+01:00

ABN sale turns trickier
By Carrick Mollenkamp, Edward Taylor and Jason Singer
The Wall Street Journal Europe
23 Apr 2007

For months, plans for the world’s biggest bank merger unfolded at a stately pace between two European chieftains. After quietly polling other European banks, Rijkman Groenink, chief of the Netherlands’ ABN Amro Holding NV, settled on Britain’s... read more...

Tech Tags: The Wall Street Journal Europe newspaper Front Page

2007-04-19T13:25:00.000+01:00

Barclays plans for higher ABN Amro bid
HELEN DUNNE
The Business
21 Apr 2007

BARCLAYS has a “number of aces” up its sleeve that will enable the high street bank to offer a higher-than-expected price for ABN Amro, the Dutch bank that it is hopes to acquire, insiders claim. The terms of Barclays’ offer will be revealed early... read more...

Tech Tags: The Business newspaper Business News

Global transactions bulk up Deutsche Bank’s profits

2007-02-12T13:56:00.000Z

Global transactions bulk up Deutsche Bank’s profits

BY 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%... read more...

Tech Tags: The Business newspaper Global Briefing

Greek banks prepare for war

2007-02-12T13:54:00.000Z

Greek banks prepare for war

BY 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... read more...

Tech Tags: The Business newspaper Global Briefing

Markets cannot bank on rates holding

2007-02-05T12:49:00.000Z

Markets cannot bank on rates holding

Larry 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... read more...

Tech Tags: The Guardian newspaper Economics

Behind Citigroup’s Sears problem

2007-02-01T11:48:00.000Z

Behind Citigroup’s Sears problem

By 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... read more...

Tech Tags: The Wall Street Journal Europe newspaper The International Investor

Muted German inflation may not prevent ECB from raising rates

2007-02-01T11:37:00.000Z

Muted German inflation may not prevent ECB from raising rates

By 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... read more...

Tech Tags: The Wall Street Journal Europe newspaper Economy & Politics

Sberbank offermay top $11 billion

2007-01-30T11:30:00.000Z

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: The Wall Street Journal Europe newspaper European Markets Lineup

How hedge fund’s crisis helped other firms profit

2007-01-30T11:23:00.000Z

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: The Wall Street Journal Europe newspaper Front Page

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

2007-01-25T16:36:00.000Z

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

The Wall Street Journal Europe

25 Jan 2007

read more...

Tech Tags: The Wall Street Journal Europe newspaper Newsindepth

New rate hike in doubt as Bank reveals split

2007-01-25T16:04:00.000Z

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: The Guardian newspaper Financial

New rate hike in doubt as Bank reveals split

2007-01-25T16:03:00.000Z

Tech Tags: The Guardian newspaper Financial