Search Results for: "bank"
Bear Stearns Bank Near Collapse?
Morgan said it is working with the bank on securing permanent financing or other alternatives, a signal that the bank, established in 1923, is up for sale. ...
http://www.voiceofutah.com/Bear_Stearns_Bank_Near_Collapse-5225-3-16472.htm
South America Opening New Regional Bank
South American representatives are preparing to open a new regional bank that will supersede the World Bank and International Monetary Fund ... Economists said that the bank, which will operate out of the Venezuelan city of Caracas, was necessary ...
http://www.voiceofutah.com/South_America_Opening_New_Region-5225-3-3906.htm
European Central Bank to Offer $20B
Federal Reserve, Bank of England, Bank of Canada and Swiss National Bank -- would seek to reduce elevated pressures in credit markets, said the ECB, responsible for monetary policy covering the 13 member countries of the eurozone ... The central ...
http://www.voiceofutah.com/European_Central_Bank_to_Offer_-5225-3-3868.htm
Lending Rate Unchanged at ECB
The bank has not changed its rate for 10 months as European Central Bank President Jean Claude Trichet remains staunchly committed to keeping the rate low to head off inflation, which remained unchanged in February at 3 ... 2 percent above the ...
http://www.voiceofutah.com/Lending_Rate_Unchanged_at_ECB-5225-3-15381.htm
Bear Stearns Chairman Parts With His Share
Sources toldl the Times that Cayne was as stunned by the bank's sudden collapse last week as any other bank employee, although some blame Cayne for reacting too late to save the bank ... Morgan and Chase offered Bear Stearns $2 per share in a fire sale ...
http://www.voiceofutah.com/Bear_Stearns_Chairman_Parts_With-5225-3-18489.htm
China's Central Bank Raises Rates 6th Time
In a move aimed at the nation's surging inflation, the People's Bank of China will lift the one-year lending rate to 7 ... The central bank also reportedly will reduce the deposit rate on deposit accounts by ...
http://www.voiceofutah.com/Chinas_Central_Bank_Raises_Rate-5225-3-4676.htm
Only in Mexico: Laughing all the Way to the Bank.
Only in Mexico: Laughing all the Way to the Bank Only in Mexico: Laughing all the Way to the Bank Only in Mexico: Laughing all the Way to the Bank Only in Mexico: Laughing all the Way to the Bank Did you happen to see our very own Sheriff Joe on Lou... ...
http://www.voiceofutah.com/Only_in_Mexico_Laughing_all_the-5031-2-2573.htm
UBS and Deutsche Bank Report Losses
Swiss bank UBS announced write-downs amounting to $19 billion and said Chairman Marcel Ospel would be replaced. The bank will nominate UBS General Counsel Peter Kurer to replace Ospel, The New York Times ...
http://www.voiceofutah.com/UBS_and_Deutsche_Bank_Report_Los-5225-3-19084.htm
UBS and Deutsche Bank Report Losses
Swiss bank UBS announced write downs amounting to $19 billion and said Chairman Marcel Ospel would be replaced. The bank will nominate UBS General Counsel Peter Kurer to replace Ospel, The New York Times ...
http://www.voiceofutah.com/UBS_and_Deutsche_Bank_Report_Los-5225-3-19048.htm
Bank of Japan Nominee Gets Lower House Nod
The lower house also approved the appointment of Masaaki Shirakawa, a former Bank of Japan executive director, and University of Tokyo Professor Takatoshi Ito as Bank of Japan deputy governors ... Kyodo said if Muto's nomination doesn't go ...
http://www.voiceofutah.com/Bank_of_Japan_Nominee_Gets_Lower-5225-3-16293.htm
Fed Joins Other Central Banks in Loan Plan
The Fed -- coordinating with the European Central Bank, Bank of England, Bank of Canada and Swiss National Bank -- said it would create a temporary Term Auction Facility to make at least $40 billion available to banks in four separate auctions ...
http://www.voiceofutah.com/Fed_Joins_Other_Central_Banks_in-5225-3-3871.htm
Japan Upper House Rejects BOJ Nominee
The rejection of Tanami, who is the governor of Japan Bank for International Cooperation, is almost certain to leave a leadership vacuum in the central bank as the incumbents, Gov ... The upper house, however, approved Kiyohiko Nishimura, a ...
http://www.voiceofutah.com/Japan_Upper_House_Rejects_BOJ_No-5225-3-17155.htm
National City Lays Off 900, Cuts Dividend
The Cleveland bank said it would continue originating loans through its retail banking offices. The 163-year-old bank said it planned to raise capital this quarter and hired Goldman Sachs Group ...
http://www.voiceofutah.com/National_City_Lays_Off_900_Cuts-5225-3-6226.htm
Fraud Case Bank Trader Charged and Released
INVESTIGATING judges filed preliminary charges yesterday against Jerome Kerviel, the bank trader accused in a pounds 3. 7bn "massive fraud" case against Societe Generale, France's second-largest bank, his lawyer said last ...
http://www.voiceofutah.com/Fraud_Case_Bank_Trader_Charged_a-5225-3-10032.htm
Wachovia Had $8.9 Billion Net Loss
North Carolina-based bank Wachovia announced a series of internal changes Tuesday following a second quarter net loss of $8 ... The bank also said it was cutting 10,750 jobs and stopping its practice of writing mortgages through third-party ...
http://www.voiceofutah.com/Wachovia_Had_89_Billion_Net_Lo-5225-1-34782.htm
