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Credit Suisse launches global credit business - 13.03.2008
Credit Suisse has combined its leveraged finance and investment grade businesses under a new group called the global credit business unit as part of its plan to align businesses across its global securities division. |
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Citigroup revamps mortgage business - 07.03.2008
Citigroup Inc. is cutting residential mortgage assets by $45bn and costs by $200m at the same time that Merrill Lynch discontinues origination at First Franklin, a sub-prime mortgage company the bank bought two years ago. |
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Ultra-rich Middle East investors target Russia - 06.03.2008
Russian hedge fund Pharos Financial claims it will raise more than $1bn from investors in the United Arab Emirates, Saudi Arabia and the other Gulf states. |
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Societe Generale fights back with internal "hackers" - 19.02.2008
Societe Generale is setting up an internal team of "hackers" to stress-test its information technology and risk management systems as part of a €50m bank-wide initiative to tighten its risk controls after falling victim to a trading scandal. |
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Mainland banks boost assets 20 percent - 14.02.2008
Mainland banks increased their overall assets by 20 percent last year with midsized joint-stock institutions leading the sector, according to China Banking Regulatory Commission data released yesterday. |
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Goldman bolsters MoneyGram bailout - 13.02.2008
Goldman Sachs is providing $500m in debt to troubled US payments company MoneyGram International as the investment bank raises the largest mezzanine fund to date and demand grows for this type of financing. |
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