Archive for April, 2008

GIC set to hold on to stakes in western banks

Wednesday, April 30th, 2008

Government of Singapore Investment Corp set to retain holdings in lenders such as UBS for up to 30 years

House price slump fears deepen

Wednesday, April 30th, 2008

Falling house prices could escalate into a crash if the mortgage crisis is not halted, a report into asking prices has warned House in the country

We acted fast to beat the mortgage crunch

Wednesday, April 30th, 2008

Faced with a £200 per month mortgage payment hike, the Goodman family acted fast - but even then their rate rose by more than 1% Sam and Perry Goodman and kids

House prices: Why look at asking prices?

Wednesday, April 30th, 2008

Figures from Rightmove show the values of homes falling in April. But does a survey based on ‘asking prices’ reflect the real market? Home buyers, Couple looking at estate agent's window.

Citi seeks to raise an extra $3bn

Wednesday, April 30th, 2008

The financial services group is launching an equity offering aimed at bolstering its balance sheet and capitalising on investor appetite for battered banking stocks

Banks face advice bar in FSA shake-up

Wednesday, April 30th, 2008

A report by the regulator on how long-term savings products such as private pensions are sold lays out plans for a radical overhaul of the financial advice industry

The banker asking Moscow for change

Wednesday, April 30th, 2008

Andrei Kostin, president of VTB, Russia’s second largest bank, urged the government to use part of its national wealth to provide longer term funding for the banking sector

Chinese banks report leap in profits

Wednesday, April 30th, 2008

China’s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite

Big Four hit back at LSE study

Wednesday, April 30th, 2008

The top audit firms point to the scale of the changes to the profession as they dispute claims that their domination could have distorted the market and pushed up prices

Private equity IPOs are top performers

Wednesday, April 30th, 2008

Flotations by buy-out companies outstripped other types of initial public offerings by 9% and the overall London stock market by 20% in their first year of trading