ANZ takes a huge hit
News.com.au - THE banking sector faces a raft of earnings downgrades after ANZ revealed its first half-profit gains would be skittled by a $300 million provisioning blowout. In a disclosure that shocked investors, ANZ’s new chief executive Mike Smith yesterday
In Africa, Bush touts aid efforts, basks in popularity
Christian Science Monitor - When he makes a decision, he fulfills the mission,” states Baker Gasatura, a student at the School of Finance and Banking. Mr. Gasatura remembers Bush’s last visit to Africa in 2003, when the president launched PEPFAR, and takes this return
SocGen chairman Daniel Bouton pins hopes on alliance with French post
Times On the web - However, news of talks with La Banque Postale, the banking division of the state-owned postal service, met with scepticism from analysts and French government sources, who saw little chance of a deal. The initiative comes as Mr Bouton struggles to
Bernanke Turns 10-Year Notes Into Losers as Refinancing Surges
Bloomberg - More-expensive and less-available credit seems prone to continue to be a source of restraint,” Bernanke told the Senate Banking Committee on Feb. 14. The Fed “will act in a timely manner as needed to support growth and to provide adequate
Monday’s Agenda, Feb. 18
Miami Herald - Items contributed must be received at least two days in advance at Calendar Desk, The Miami Herald, 1 Herald Plaza, Fifth Floor Newsroom, Miami, FL 33132-1693. Or e-mail your items to newscalendar@MiamiHerald.com . No faxes, please. To search for
Clinton camp accuses Obama of plagiarism
Miami Herald - Democratic presidential hopeful, Sen. Barack Obama, D-Ill., makes remarks during a rally, Monday, Feb. 18, 2008, in Youngstown, Ohio. Top advisers to Hillary Rodham Clinton accused Democratic rival Barack Obama of plagiarism Monday, the latest effort
Lax banks blamed for defaults
Financial Times - Stability Forum - a committee of central bankers and supervisors - to begin a debate about possible measures to impose greater oversight on the industry in the future, and inject greater transparency and lender responsibility. The investment banking
Banking cheer sends FTSE rising
MSN UK News - Optimism ahead of results from the banking sector and a surprise rise in home prices helped the FTSE 100 Index surge by nearly 3%. Speculation of higher dividend payments from Barclays and Lloyds TSB this week saw the banks and their rivals dominate
Relief pitcher sleepers: Sherrill should win closer’s job
FOXSports.com - Those owners banking on a large year from the Blue Jays and Ryan need to circle back and add Accardo to their bench. Kerry Wood/Bob Howry, Chicago Cubs Lou Piniella advised that the winner of the Cubs closer slot will be decided roughly three-quarters
JPMorgan Asia Pacific Launches US$750 Million Expansion Into Private
Forbes - The business will benefit from JPMorgan’s global investment banking platform, sector expertise and research capabilities. The team will be the Asian arm of JPMorgan’s Private Equity Principal Investments business, which is headed by Mr. Bob Case in
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