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Ad - Learn About A Proven Effective Oral ChemotherapyGet More Info. BoCom to form pension JV with HSBC
Bank of Communications (BoCom) is preparing to form a pension joint venture with HSBC and will hold a 20% stake in the new business, according to BoCom chairman Jiang Chaoliang. For the purpose of putting the business together, BoCom is applying to the Seoul shares open higher led by banks, exporters
SEOUL, Aug 28 (Reuters) - Seoul shares opened higher on Thursday, with surprisingly strong U.S. durable goods data soothing fears about South Korea's second biggest export market, while a rally in Wall Street financials boosted banking issues. The Korea Acom Denies Report Mitsubishi UFJ To Make It Subsidiary (DJ)
The Mainichi Shimbun reported in its Thursday morning edition that Mitsubishi UFJ, which has a 15% stake in Acom, plans to make the consumer lending unit a subsidiary through a tender offer early next month. The Mainichi reported Mitsubishi UFJ plans to Fannie Mae shakeup
WASHINGTON - FANNIE Mae, one of the government-sponsored mortgage finance giants facing trouble from the housing meltdown, announced a shakeup of key management on Wednesday while keeping its chief executive. CEO Daniel Mudd said the changes, effective Bank card gang leave accounts in chaos
GARDAÍ are hunting a gang who skimmed more than 20,000 bank cards from sales terminals in Irish shops. The scam has forced banks to restrict withdrawals by account holders to just ?100 per day when travelling outside the country. Una Dillon from the Fannie Mae shuffles management team
Extract not available. RBS needs at least one more candidate for chairman
By Damian Reece Something is missing from the boardroom overhaul that Royal Bank of Scotland confirmed yesterday. Although all three appointments are considered strong hires, there is no obviously outstanding candidate to replace either chairman Sir Tom ANZ Bank raising $500m in convertible prefs
Australia and New Zealand Banking Group Ltd lodged a prospectus with the Australian Securities and Investments Commission on August 27 for an offer of convertible preference shares to raise $500 million with the ability to raise more or less. The CPS Bank avoided toxic loans, not pain
Zions, (ZION) which ranks 30th among U.S. banks, is located here 2,000 miles from Wall Street and boasts a balance sheet that remained uninfected by the toxic subprime mortgage-related securities that wreaked havoc on the industry. But that doesn't mean Fannie Mae shuffles its execs
WASHINGTON - Mortgage-finance company Fannie Mae on Wednesday announced a management shake-up in an effort to come to grips with mounting losses and shrinking capital. The company's chief financial officer, Stephen Swad, was replaced, and the chief Bank avoided toxic loans, not pain
SALT LAKE CITY - What happens on Wall Street doesn't stay on Wall Street. Just ask Harris Simmons, CEO of Zions Bancorp. During the past 12 months, the implosion of the mortgage-backed securities market has blasted holes in the balance sheets of the First Ukrainian Intl Bank Refinancing Signs
A group of banks have closed a $154 million trade-related refinancing on behalf of First Ukrainian International Bank (Trade Finance, breaking news, 09/07/08). Bayerische Landesbank, Landesbank Berlin, RZB, Standard Bank and UniCredit Group are Fannie Mae Appoints David Hisey Finance Chief
mortgage giant Fannie Mae (FNM: News ) revealed major changes to its top management with the appointment of David Hisey as Chief Financial Officer, Peter Niculescu as Chief Business Officer and Michael Shaw as Chief Risk Officer. Fannie Mae said the Three Fannie Mae Execs out, Shares Rally Earlier
NEW YORK (Reuters) - Fannie Mae , the biggest U.S. mortgage finance company, on Wednesday announced a shake-up of top executives, including the exit of its chief financial officer, in an effort to better implement a plan to preserve capital and cut
