Posted at 12:24h
in
News
by KMFSLLP
Holders of more than $20 billion
of Oman's dollar bonds want the new sultan to push through
urgent reforms to ward off a credit crunch in the Gulf's worst
performing economy.
...
Posted at 12:17h
in
News
by KMFSLLP
Spain's Banco Sabadell
has hired IBM for a 1 billion euro ($1.11 billion)
overhaul of its IT systems over the next ten years, Miguel
Montes, the bank's director of operations and people, said on
Wednesday.
Posted at 12:15h
in
News
by KMFSLLP
Lebanese MP Ali Bazzi, citing the
country's parliament speaker, said on Wednesday that work was
underway to protect bank deposits amid a financial crisis that
has shaken confidence in the country's banks.
...
Posted at 12:13h
in
News
by KMFSLLP
PNC Financial Services Group Inc
on Wednesday posted a better-than-expected fourth-quarter
profit, driven by growth in its loan book.
...
Posted at 12:07h
in
News
by KMFSLLP
Italian bank Monte dei Paschi
launched a 400 million euro ($446 million) bond issue
on Wednesday, fulfilling commitments under its bailout agreement
and coming after Moody's acknowledged the lender's progress on
restructuring.
...
Posted at 11:54h
in
News
by KMFSLLP
U.S. regional bank PNC Financial Services
Group Inc posted a 2.2% rise in fourth-quarter profit on
Wednesday, helped by growth in its loan portfolio.
...
Posted at 11:54h
in
News
by KMFSLLP
BlackRock Inc, the world's
largest asset manager, beat analysts' estimates for quarterly
profit on Wednesday, as more money rolled into its cash
management business and exchange-traded funds amid concerns of
slowing global growth.
...
Posted at 11:51h
in
News
by KMFSLLP
Bank of America Corp posted a
4.1% fall in quarterly profit on Wednesday, as lower interest
rates crimped the second-biggest U.S. lender's ability to earn
more from loans.
...
Posted at 11:48h
in
News
by KMFSLLP
* Trade wars, nationalism seen hampering action
(Adds quotes from news conference, BlackRock, context)
...
Posted at 11:34h
in
News
by KMFSLLP
BlackRock Inc, the world's
largest asset manager, reported a 40.3% rise in fourth-quarter
profit on Wednesday, as more money rolled into its low-risk
exchange-traded funds and cash management business amid concerns
of slowing global growth.