bank holding company

Bank of America website is down


January 30th, 2010 - 2:35 am ICT by Aishwarya Bhatt
New York, Jan 29 (THAINDIAN NEWS) The website for Bank of America has been down since morning. The URL of the website is https://www.bankofamerica.com and it isn’t working at all today. ... Read more...

Posted in Business |

Morgan Stanley chief to step aside


September 11th, 2009 - 10:42 am ICT by IANS
New York, Sep 11 (DPA) Morgan Stanley investment bank chief John Mack will step aside at the end of the year, the company announced late Thursday in New York. The 64-year-old ... Read more...

Posted in Business |

American Express profits plunge 72 percent


January 27th, 2009 - 6:28 am ICT by IANS
New York, Jan 27 (DPA) Credit card company American Express said Monday its profits plunged 72 percent as customers fell behind on loan payments and were also spending less amid the widening ... Read more...

Posted in World |

GM may not need additional loans to survive: report


January 8th, 2009 - 5:05 am ICT by IANS
Washington, Jan 8 (DPA) General Motors Corp has adequate funds from government loans to cover the worst-case scenario it described in December and won't need additional help unless the economy deteriorates further, ... Read more...

Posted in World |

Lloyds TSB bank is UKs most gay-friendly employer


January 7th, 2009 - 4:17 pm ICT by ANI
London, Jan 7 (ANI): Lloyds TSB, the leading financial institution, has topped the league table of the UKs most gay-friendly employers in a new survey.The police services, banking and management consultant ... Read more...

Posted in World |

Wall Street gains as GMAC gets government funds


December 31st, 2008 - 8:36 am ICT by IANS
New York, Dec 31 (DPA) US stocks gained after the Treasury Department said it would commit $6 billion to support GMAC LLC, the financing arm of General Motors Corp, to save the ... Read more...

Posted in Business |

$6 bn bailout package for US auto giant GM


December 30th, 2008 - 2:17 pm ICT by IANS
Washington, Dec 30 (DPA) The US Treasury Department has announced that it would commit $6 billion to supporting GMAC LLC, the financing arm of General Motors Corp., to save the ailing car giant ... Read more...

Posted in Business |

US stocks lift as auto, oil shares rise


December 27th, 2008 - 5:36 am ICT by IANS
New York, Dec 27 (DPA) US stocks lifted across the board Friday, pulled up by automobile and oil shares and defying gloomy retail reports. Hope for more auto sales grew after the ... Read more...

Posted in World |

Fed grants GM’s financial arm to avail bailout funds


December 25th, 2008 - 7:46 am ICT by IANS
Washinton, Dec 25 (Xinhua) The US Federal Reserve Wednesday approved General Motor's financial arm GMAC Financial Services' request to become a bank holding company, allowing it to tap into the $700 billion ... Read more...

Posted in World |

Morgan Stanley reports sharp quarterly, annual losses


December 18th, 2008 - 5:27 am ICT by IANS
New York, Dec 18 (DPA) Investment bank Morgan Stanley Wednesday reported sharp fourth-quarter losses and reductions in year-on-year income for the business year that ended Nov 30, continuing the fallout from the ... Read more...

Posted in World |

BRIC summit likely next year


November 17th, 2008 - 7:19 pm ICT by IANS
New Delhi, Nov 17 (IANS) With the G20 summit underlining the importance of emerging economies in resolving global financial slowdown, Brazil, Russia, India and China (BRIC) are planning a summit that could ... Read more...

Posted in Uncategorized |

Fed extends credit to Morgan Stanley, Goldman Sachs


September 22nd, 2008 - 12:14 pm ICT by IANS
Washington, Sep 22 (DPA) The US Federal Reserve Board has agreed to applications by investment banks Morgan Stanley and Goldman Sachs to become bank holding companies.The rate-setting central bank said in ... Read more...

Posted in World |

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