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European banks have 13 billion euros' worth of exposure to debt-laden Dubai, Swiss lender Credit Suisse estimated on Thursday after the Gulf state shocked investors by moving to suspend some repayments.
Nov. 26 (Bloomberg) -- Citigroup Inc., the bank owned 34 percent by the U.S. government, said it didn’t offer Brazil a stake in the company amid the credit crisis.
Nov. 26 (Bloomberg) -- Thomas Mayer, 55, chief European economist at Deutsche Bank AG’s Global Markets Division, will succeed Norbert Walter as chief economist of Germany’s biggest bank effective Jan. 1, the lender said today in an e-mailed statement.
Nov. 26 (Bloomberg) -- Cie. de Saint-Gobain SA, Europe’s biggest supplier of building materials, was cut to “sell” from “neutral” at Goldman Sachs Group Inc. which said “there is limited scope for earnings driven outperformance.”
Nov. 26 (Bloomberg) -- Adidas AG, the world’s second- largest sporting-goods maker, was raised to “buy” from “neutral” at Goldman Sachs Group Inc. and added to the firm’s “conviction buy” list.
Nov. 25 (Bloomberg) -- Michael Evans , the Hong Kong-based vice chairman who was Goldman Sachs Group Inc. ’s highest-paid executive officer last year, sold $12 million of stock this week, according to a company filing.
Deutsche Bank AG and a BNP Paribas unit sued Bank of America NA on Wednesday over allegations the bank failed to pay back $1.73 billion in secured notes.
Nov. 25 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank by assets, was sued by BNP Paribas Mortgage Corp. and Deutsche Bank AG over hundreds of millions of dollars in losses they sustained by investing in asset-backed commercial paper.
Nov. 25 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank by assets, was sued by BNP Paribas Mortgage Corp. and Deutsche Bank AG over hundreds of millions of dollars in losses they sustained by investing in asset-backed commercial paper.
Nov. 26 (Bloomberg) -- European stocks fell the most in seven months and bonds jumped as Dubai’s attempt to reschedule its debt rattled investors seeking higher returns in emerging markets. The dollar slid to a 14-year low against the yen.
The Federal Reserve said on Wednesday it will no longer allow directors at regional Fed banks to own shares in financial firms, following controversy over a former Goldman Sachs CEO who bought that firm's stock while leading the New York Fed's Board.
Nov. 26 (Bloomberg) -- European stocks fell the most in seven months and bonds jumped as Dubai’s attempt to reschedule its debt rattled investors seeking higher returns in emerging markets. The dollar slid to a 14-year low against the yen.
Nov. 25 (Bloomberg) -- Goldman Sachs Group Inc. , the most profitable securities firm in Wall Street history, hired back Kasper Christoffersen almost two years after he left to join a hedge fund in London.
Nov. 26 (Bloomberg) -- European stocks fell the most in seven months and bonds jumped as Dubai’s attempt to reschedule its debt rattled investors seeking higher returns in emerging markets. The dollar slid to a 14-year low against the yen.
Nov. 26 (Bloomberg) -- European stocks fell the most in seven months and bonds jumped as Dubai’s attempt to reschedule its debt rattled investors seeking higher returns in emerging markets. The dollar slid to a 14-year low against the yen.
Nov. 26 (Bloomberg) -- A group of investors including Ameriprise Financial Inc. won a victory yesterday when a federal judge ordered the Reserve Primary Fund to distribute its assets equally among all shareholders.
