Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
Growing Workforce? Shrinking Job Market? Fed Adviser Finds Silver Lining
You’d think a larger labor force with no jobs would be a problem. But in the long term it could be a good thing, according to a Fed policy adviser.
Outflows at Man Group Reach $2.2 Billion
The largest publicly traded hedge fund manager in the world, Man Group, saw its outflows up by 57% in Q3, in a sales atmosphere that its CEO, Peter Clark, called “subdued.”
Top 10 Biggest U.S. Banks With Best Reputations
Dix & Eaton, a 60-year-old communications consultancy, identified nine critical value factors that drive the reputation of financial institutions, and ranked the nation’s 10 largest bank holding companies in terms of each.
Food Drives China Consumer Prices Higher
According to China’s National Bureau of Statistics, consumer prices were up 3.6% from a year ago.
S&P Ratings Overhaul Hits Banks Hard
Standard & Poor's revamped its ratings criteria and lowered the ratings of 15 U.S. and European banks by one notch on Tuesday, leaving 20 more bank ratings unchanged and raising two by a notch apiece.
Fitch Downgrades 3 Big Banks, Threatens Over a Dozen More
Fitch Ratings cut the long-term issuer default ratings of three major banks late Thursday, and warned that more than a dozen more may see their ratings cut as well as it put them on a negative watch.
From Wall Street to Fleet Street: Protests Set for London
The Occupy Wall Street movement, whose growing presence in Lower Manhattan has steadily attracted more notice, is spreading to Fleet Street, where protestors plan a Saturday march to the London Stock Exchange.
Chinese Jewelry Retailer Names Seven Banks to Aid IPO
Chow Tai Fook, a decades-old Chinese jewelry retailer with 1,400 stores, has hired seven banks to underwrite its forthcoming IPO in Hong Kong,it was reported late Monday. The main underwriters are to be Deutsche Bank, Goldman Sachs Group, HSBC Holdings and JPMorgan Chase.
New Jersey Note Auction 'Oversubscribed' Despite SEC Suit
Just one day after settling allegations of fraud with the Securities and Exchange Commission, New Jersey sold $2.25 billion in short-term notes, a new record.