Bank Page: The newest news, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10
June 26 (Bloomberg) -- Bank of America Corp. , the second- largest U.S. bank, will cut about 7,500 jobs after buying Countrywide Financial Corp. The purchase is expected to be completed July 1, Charlotte, North Carolina-based Bank of America said today in a statement. www.bloomberg.com/apps/news?pid=20601103&sid=aWs8dl4zj7nE
French investment bank Natixis said Thursday it had received a one-billion-euro (1.57-billion-dollar) advance from its two shareholders to shore up its finances. news.yahoo.com/s/afp/20080626/bs_afp/francebankingnatixis_08...
The British bank joined rivals in tapping the wealth of Asian and Middle Eastern investors to strengthen its capital base in a sign of continuing fallout from the subprime mortgage turmoil. biz.yahoo.com/nytimes/080626/1194788785675.html?.v=5
June 26 (Bloomberg) -- The pound rose against the dollar to the highest level in a month after Bank of England Governor Mervyn King said policy makers will do what's needed to restrain inflation, expected to surpass 4 percent in coming months. www.bloomberg.com/apps/news?pid=20601102&sid=a6OcoDtwvSb0
Equity index futures fell to session lows on Thursday, pointing to a weak open for Wall Street, on worries about the bank sector and on disappointing quarterly results from technology companies. news.yahoo.com/s/nm/20080626/bs_nm/markets_stocks_dc_42
Dutch bank says it will cut dividend for the year and issue new shares; mortgage meltdown drove first-quarter earnings down 31%. money.cnn.com/rssclick/2008/06/26/news/international/fortis....
Deutsche Bank has reportedly moved to grab a slice of China’s lucrative domestic underwriting fees. dealbook.blogs.nytimes.com/2008/06/26/deutsche-bank-in-under...
June 26 (Bloomberg) -- China's 30-year government bonds fell the most this month on speculation the central bank will raise interest rates as early as this month to cool inflation. www.bloomberg.com/apps/news?pid=20601080&sid=a_TqPWH.KsTc
The House Financial Services Committee on Wednesday passed a bill authorizing funding for the World Bank and African Development Bank, congressional officials said. news.yahoo.com/s/nm/20080626/pl_nm/usa_worldbank_dc_1
Shareholders of ailing Countrywide Financial, the largest US mortgage lender at the center of the housing crisis, approved its sale Wednesday to Bank of America. news.yahoo.com/s/afp/20080625/bs_afp/usfinancetakeovercountr...
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