Search Results for: financial crisis
China Rate Swap Has Biggest Monthly Drop Since ’08 as PBOC Eases
April 30th, 2015
China’s interest-rate swaps were headed for the biggest monthly drop since 2008 as the central bank steps up monetary easing in support of the economy. The People’s Bank of China lowered lenders’ reserve requirements in April by the most ...
Nomura Misses Goal of Returning to Profit Abroad
April 28th, 2015
Nomura Holdings Inc. missed its goal of returning to profit outside Japan last fiscal year, people with knowledge of the matter said. The pretax loss in Europe, the Americas and Asia for the year ended March was due to ...
UK’s biggest banks face further $29 billion misconduct bill: S&P
April 27th, 2015
Britain’s biggest banks face another 19 billion pounds ($29 billion) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in a report on Monday. S&P said Britain’s banks and customer-owned ...
Central Bank of Germany issued April Monthly Report
April 22nd, 2015
Structural developments in the German banking sector The financial and sovereign debt crisis which has afflicted the euro area for more than seven years now has clearly left a mark on the financial market, having forced monetary policymakers to ...
Britain’s bank tax jump threatens to push HSBC, StanChart to new home
April 20th, 2015
HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful. Several investors told Reuters they ...
Ernst & Young settles with N.Y. for $10 million over Lehman auditing
April 16th, 2015
Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney ...
Japan Overtakes China as Largest U.S. Bondholder
April 16th, 2015
Japanese become biggest funders of American government for first time since 2008 financial crisis Japan dethroned China as the top foreign holder of U.S. Treasurys for the first time since the financial crisis, following a wave of purchases by ...
Chinese, Australian benchmarks lead Asian stock market gains
April 16th, 2015
Most major Asian stock indexes were higher Thursday as Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers and Australian shares rose on a surprise drop in the jobless rate. KEEPING SCORE: Most Asian indexes ...
OPEC Going Broke, Dumping Dollars. Is That Good Or Bad?
April 15th, 2015
When oil prices fell out of bed last winter there was much hand-wringing over the fate of the former beneficiaries of high-priced crude. Trillions of dollars of junk bonds issued by frackers, for instance, might default, oil field services ...
China’s growth slows to 7% in the first quarter
April 15th, 2015
China‘s economic growth slowed further in the three months to March this year, expanding 7% compared to a year earlier, its slowest pace since the global financial crisis in 2009. The rate was lower than the 7.3% posted for ...
