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Standard Chartered closed at a record high on nearly four times the normal volume traded yesterday, amid revived talk of Chinese stakebuilding. The shares gained 118p to 19.14, valuing the Asia-focused bank at 27 billion. There had been talk recently
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Xinhua News Feed HONG KONG (XFN-ASIA) - Deutsche Bank reiterated its ‘buy’ rating on Hang Seng Bank and raised the target price by 18 pct to 167.3 hkd. ‘Given its leading franchise and deposit funding advantage, we believe it is a key beneficiary of an
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(MTI-ECONEWS) - Hungary’s Competition Office (GVH) on Friday said it fined OTP Bank HUF 200m for failing to inform clients adequately of conditions for using credit cards in advertisements. GVH noted it had fined OTP Bank HUF 100m for the same offense in
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-The Federal Home Loan Bank of San Francisco announced November 30, 2007, that the 11 th District Monthly Weighted Average Cost of Funds Index (”COFI”) for October 2007 is 4.233%. The index for September 2007 was 4.383%. The COFI is computed from the
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SAN FRANCISCO–(BUSINESS WIRE)–The Federal Home Loan Bank of San Francisco announced November 30, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for October 2007 is 4.233%. The index for September 2007 was 4.383%. The
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Nov. 30, 2007 (China Knowledge) - French financial group Credit Industriel et Commercial (CIC) is counting on its local counterparts to pave its way into the Chinese private banking market. Late last year, CIC was reportedly more keen on acquisitions
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NEW YORK (AP) - Citigroup Inc. has sold off 20 percent of the assets in its structured investment vehicles in the last two months, the bank said Friday. Assets in the SIVs declined to $66 billion as of Nov. 30 from $83 billion as of Sept. 30, Citigroup
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HONG KONG: Malaysia views the interest in Islamic banking in China, Japan and here positively because of the country’s competitive edge in this area, Second Finance Minister Tan Sri Nor Mohamed Yakcop said. He said Malaysia had a very good Islamic bond
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LONDON (ShareCast) - There has been a deafening silence so far from Royal as the credit crunch crisis has raged all around. The result has been a slump in its share price to levels not seen for years as investors have interpreted its reticence as hiding
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