Word: pretax
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...takeovers and tax dodges with their superwealthy clients over lobster and Ch?teau Margaux. While the banks do offer many perks, it is no longer such a rarefied niche market. For many financial institutions, private banking is increasingly crucial to the bottom line. For example, 46% of Credit Suisse's pretax banking profit in the second quarter of this year was generated by private-banking operations. While retail banks must focus on volume by hawking me-too products to millions of less-wealthy customers, private banks can rack up bountiful revenues by offering a wide range of lucrative services...
...northeast coast. The bank has invested more than $4 billion since 2001 to buy stakes in Chinese financial institutions, including nearly 20% in both Bank of Communications, China's fifth largest bank, and Ping An Insurance, its second biggest life insurer. Compared with the same period in 2004, pretax profits in China increased sixfold, to $161 million, in the first half of 2005. As a sign of its renewed influence in the Middle Kingdom, the bank resides today in a new skyscraper called HSBC Tower in Shanghai's up-and-coming financial district of Pudong, across the Huangpu River from...
...true irony facing Green is that his legacy may very well depend on getting the bank back to where it started. Although HSBC's pretax profits from emerging markets jumped 45% in the first half of 2005, according to Morgan Stanley, some bank analysts believe that Green will have to make even more major acquisitions to keep up that pace, especially in Asia. "It is a critical part of the potential growth," says Smith, HSBC's Asia CEO. "It is very important that we get it right." If HSBC does, its future may well be as storied--and profitable...
...next three years. Still, Pauget insisted that "our objective is not growth at any price." And he's not about to bet the farm on a huge deal: the $6 billion over three years that Pauget has earmarked for acquisitions is only slightly more than the company's pretax income last year. If such targeted prudence prevails throughout Europe, this merger wave could be a lot less accident-prone than the last...
...MOGLIA Our performance has been extraordinary. In a difficult environment our market cap has grown by five- or sixfold. We have greater than 50% pretax margins. We've got a pristine balance sheet. We are 25% of the active-trader market in the U.S. We're a very, very attractive asset...