HSH Nordbank sues UBS over exposure to sub-prime danger
Times On the web - UBS, the under-fire Swiss bank, yesterday became the first European bank to be sued by an investor over the sale of financial products that collapsed as a result of the meltdown in sub-prime mortgages in the United Says. HSH Nordbank, one of
Cullen/Frost Bankers, Inc. to Present at KBW Regional Bank Conference
Forbes - The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services.
Brussels shares close lower, led down by financials UPDATE
CNN Money - MERIZ) added the bancassurer to its ‘least preferred’ list as part of its European banking sector review on concerns about the market impact of spread moves on its investment portfolio. Real estate group Cofinimmo lost 1.87 eur or 1.38 pct at 133.63
Northern Trust to assist funds exposed to SIVs
Reuters - Northern Trust, which also offers private banking and global custody services in addition to investment management, said it will use its own money to keep clients from losing their money in funds that suffered losses due to soured SIV investments.
‘Vantage Point’ Gets Top Box Office Vote
Newsday - Warner Bros., New Line, Warner Independent and Picturehouse are units of Time Warner Inc.; MGM is owned by a consortium of Providence Equity Partners, Texas Pacific Group, Sony Corp., Comcast Corp. , DLJ Merchant Banking Partners and Quadrangle Group;
How Daniels steered clear of toxic waste
Times On the web - Shareholders, particularly those with short-term time horizons such as hedge funds, were constantly urging Lloyds - and doubtless other banks - to take more risk and move further away from traditional relationship banking.
UPDATE 1-Banking regulator sees more U.S. mortgage defaults
Forbes - WASHINGTON (Reuters) - Defaults are increasing among U.S. homeowners with good, but not perfect, credit histories who obtained a non-traditional mortgage, a top U.S. banking regulator stated Friday. More pain can be expected as for both borrowers with
TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 GMT
CNN Money - 2008-02-22 15:42:53 Stocks fall as market awaits data NEW YORK (AP) - Stocks fell Friday as investors with little news to trade on after Thursday’s pullback kept selling ahead of economic figures due next week. 2008-02-22 15:17:48 Mortgage lenders
Commerce executive exercises options
Forbes - WASHINGTON (AP) - The president of regional banking of Commerce Bancorp Inc. exercised options for 130,000 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed Thursday with the SEC, Fred Graziano
McCain Denies Allegations Of A Relationship With Iseman
CBS News - He’s banking on it. But where that leaves him in the fall, when he needs to court the nation’s independent voters, remains an open and perhaps troubling question for his campaign.
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