United Kingdom | Sunday, 23 November 2008

Bank Articles

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41. Bank holds rates but cuts seen in 2009
The Bank of England left interest rates on hold at 5.0 percent for a fifth month running on Thursday, but most economists expect sharp cuts next year.
04 Sep 2008
42. Markets see ECB rates on hold through first half of yr
Sabre-rattling by European Central Bank officials has persuaded financial markets that the ECB is not about to cut interest rates, despite signs of easing inflationary pressures and economic slowdown in the euro zone.
03 Sep 2008
43. BoE expected to hold interest rates steady at 5 pct
The Bank of England looks set to leave interest rates on hold at 5 percent for the fifth month running this week, but expectations are rising that a darkening economic outlook will force it to cut rates later this year.
03 Sep 2008
44. KDB confirms talks with Lehman
State-owned Korea Development Bank (KDB) confirmed on Tuesday it was in talks with Lehman Brothers over a possible joint investment in the U.S. bank with other Korean banks, sending local banking shares lower.
02 Sep 2008
45. Lehman in talks with KDB to raise billions
Lehman Brothers Holdings has intensified talks with Korea Development Bank (KDB) to raise as much as $6 billion (3.3 billion pounds) in a share sale that could be concluded this week, the Sunday Telegraph reported.
01 Sep 2008
46. Commerzbank to axe 9,000 jobs in Dresdner takeover
Commerzbank aims to cut almost 2 billion euros (1.62 billion pounds) in costs by slashing 9,000 jobs and paring laggard investment bank Dresdner Kleinwort after swooping in to buy Dresdner Bank, it said on Monday.
01 Sep 2008
47. Zoom Airlines grounds planes and files for bankruptcy
Zoom Airlines, a Canadian discount transatlantic carrier stung by sky-high fuel costs, cancelled all flights and began bankruptcy proceedings on Thursday, stranding passengers at several airports.
29 Aug 2008
48. Auction-rate buybacks add to worries
Global banks may have to write down up to $10 billion (5.4 billion pounds) of auction-rate securities after buying them back from retail customers.
28 Aug 2008
49. B&B bankers stuck with rump
Banks supporting a key cash call at Bradford & Bingley said on Friday they would buy the 72 percent of shares not placed in the bank's rights issue after a languishing price made it impossible to find other investors.
22 Aug 2008
50. Bank split on rates, but cut could be on horizon
The Bank of England mulled the case for both a cut and hike in interest rates this month before a majority of policymakers held rates at 5 percent, but bleak economic signals continue to swing the balance towards a cut.
21 Aug 2008
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