FORTIS
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Modified: 13.05.2007 | Inform about a mistake
Financial & Banking News
Financial & Banking News
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.
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.
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.
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.
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.
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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