United Kingdom
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Wednesday, 3 December 2008
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| 21. |
HSBC launches private banking in China
HSBC Holdings, Europe's largest lender, launched private banking services in China on Monday as foreign banks including Citigroup target the country's fast-growing market for services to wealthy clients.
31 Mar 2008 |
| 22. |
CLS makes loss thanks to sub-prime
CLS Holdings has reported a pre-tax loss of £72.6 million for the full year 2007. The results stand in contrast to the £176.6 million pre-tax profit the company made in 2006.
25 Mar 2008 |
| 24. |
Rock shareholders complain to government
The Shareholders' Association has written a letter to the government, speaking against the current terms used to determine compensation for shareholders in the recently nationalised bank Northern Rock.
17 Mar 2008 |
| 25. |
Bank of England holds rates steady
The Bank of England held interest rates at 5.25 percent on Thursday, but is widely expected to cut them by the middle of the year to shore up an economy buffeted by the global credit crunch.
All but one of 65 economists polled last week forecast the Bank would leave rates on hold after cutting them twice in the past three months. These expectations were cemented by surveys this week showing inflationary pressures accelerating.
04 Mar 2008 |
| 26. |
N.Rock investors slam compensation plan
A group of small shareholders in Northern Rock has attacked as "grossly unethical" the terms set by the Treasury to determine the compensation they will receive after the embattled bank is nationalised.
20 Feb 2008 |
| 27. |
KKR arm in talks after fresh debt repayment delays
KKR Financial Holdings, the listed affiliate of private equity group Kohlberg Kravis Roberts & Co, has delayed repayment of debt backed by mortgage securities for the second time and begun a new round of talks with creditors.
20 Feb 2008 |
| 28. |
HSBC backs Ping An's massive equity raising
HSBC Holdings, the single largest shareholder in No. 2 Chinese insurer Ping an Insurance, said on Tuesday it supports Ping An's controversial plan to raise $19 billion (9.74 billion pounds) in fresh equity.
19 Feb 2008 |
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