Banking News
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Bradford & Bingley underwriters left holding stock
25 Aug 2008
source:
financemarkets.co.uk
... Troubled buy-to-let lender, Bradford & Bingley (B&B), confirmed last week that 27.8% of its new shares, which were on offer at 55p each, have been taken up by investors. This left... |
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Bank of China reports 57% rise in profits
22 Aug 2008
source:
financemarkets.co.uk
... Industrial & Commercial Bank of China (ICBC) has become the world’s most profitable bank after it reported a 57% rise in half-year profits. The bank, which is the largest in China, made 64.5... |
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Standard & Poor: Banks should prepare for second wave of credit crunch losses ...
22 Aug 2008
source:
financemarkets.co.uk
... Credit rating agency, Standard & Poor, has warned that a recovery in the banking industry is at least a year away. According to the agency, US and European banks are entering a second phase of... |
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A&L encourages shareholders to vote for Santander deal
20 Aug 2008
source:
financemarkets.co.uk
... Former building society, Alliance & Leicester (A&L) has sent information to its 564,000 shareholders on the £1.3 billion proposed takeover by Spanish bank, Santander. Roy Brown, acting... |
