Word: banke
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...first I thought there was no way this would fly," says analyst Paul Miller at FBR Capital Markets. "But I talk to a number of bank executives, and they like...
...works out nicely if the prepayment actually covers what the FDIC needs for the next three years," says veteran bank analyst Ed Narjarian of the ISI Group. "But more than likely, the FDIC is going to be back for more before the three years...
...expressed little or no confidence named the recession, concerns about too much government spending or interference, weak government oversight of the capital markets, the volatility in the U.S. stock market, bank failures, corporate greed, job losses, and the home foreclosure crisis as their top concerns...
Megabank HSBC has been as much a part of Hong Kong history as Victoria Harbor, high tea at the Peninsula Hotel and martial-arts movies. Founded in 1865 as the Hongkong and Shanghai Banking Corporation, HSBC backed some of city's most important businessmen, including tycoon Li Ka-shing, and remains Hong Kong's No. 1 bank. But for much of the past 20 years, HSBC has expended a lot of its energy striving to be more than an Asian institution. With major acquisitions in the U.K., the U.S. and elsewhere, HSBC grew into one of the world's largest...
...realized home is where the heart - and the money - is. On Sept. 25, HSBC announced that its chief executive, Michael Geoghegan, will relocate his office back to Hong Kong in February, 2010. The decision is yet another sign of the growing economic influence of Asia. Calling Asia the bank's "strategically most important region," HSBC said in a statement that Geoghegan's move "further positions the Group for the shift in the world's center of economic gravity from West to East." (See 10 big recession surprises...