Banking And Finance NEWS

Goldman Sachs to sell its hedge fund administration arm to State Street

Goldman Sachs Group Inc (NYSE:GS) is negotiating the sale of its hedge fund administration business to State Street Corp (NYSE:STT) and could strike an agreement by the end of June, according to a … Continue reading “Goldman Sachs to sell its hedge fund administration arm to State Street”


Bailout for Spain’s banks lifts Asian shares

Spain’s EUR100bn bailout package has lifted shares in Asia and resulted in a 1% gain for the euro against the US dollar and the Japanese yen. Stock markets in Japan and Hong Kong … Continue reading “Bailout for Spain’s banks lifts Asian shares”


HSBC agrees to sell Greek equities brokerage

British banking group HSBC Holdings Plc (LON:HSBA) said it has sealed a deal to divest its Greek equities brokerage  HSBC Securities SA to a group of investors led by the business’ current managing … Continue reading “HSBC agrees to sell Greek equities brokerage”


Asia-Pacific stock markets rebound on G8 comments

Stock markets in Asia and Australia recovered slightly on Monday as G8 members, meeting over the weekend, said they would do everything in their power to avoid another full blown financial crisis The … Continue reading “Asia-Pacific stock markets rebound on G8 comments”


Dubai economy now on the up, say DED and HSBC Banking

Traditionally a treasure chest of good news for the financial and banking world, Dubai is boasting more positive data these days, according to reports by HSBC and Dubai Department of Economic Development (DED). … Continue reading “Dubai economy now on the up, say DED and HSBC Banking”


US-based online trading firms TradeKing and Zecco to merge operations

US online brokerages TradeKing and Zecco said that they had agreed to amalgamate their operations. The firms did not reveal the financial conditions of the transaction. The combed company will serve some 500,000 client accounts … Continue reading “US-based online trading firms TradeKing and Zecco to merge operations”


HSBC agrees to sell Latin American operations to Columbia’s Banco GNB

British banking group HSBC Holdings Plc (LON:HSBA) announced it had agreed to sell its operations in Colombia, Peru, Uruguay and Paraguay to Colombian peer Banco GNB Sudameris SA, owned by the Gilinski Group, … Continue reading “HSBC agrees to sell Latin American operations to Columbia’s Banco GNB”


Bank of England keeps interest rates at 0.5% and holds back from further QE

The Bank of England has maintained UK interest rates at 0.5% and also announced yesterday that it will not be extending its programme of quantitative easing (QE). Rates have been held at a … Continue reading “Bank of England keeps interest rates at 0.5% and holds back from further QE”


Dubai Islamic Bank reports an 11% increase in first quarter net profit

Dubai Islamic Bank booked a net profit of AED245m (USD66.7m/EUR50.4m) in the first three months of the year, up 11% from the AED222m recorded in the same period in 2011, the Dubai-based lender … Continue reading “Dubai Islamic Bank reports an 11% increase in first quarter net profit”


Greek Tsakos Energy braves equity markets via book-runner Credit Suisse

Greek energy transportation group Tsakos Energy Navigation (NYSE:TNP) has decided to tap investors for fresh equity, despite continuing worries of the Greek economy and the European sovereign debt crisis, the New York-listed firm … Continue reading “Greek Tsakos Energy braves equity markets via book-runner Credit Suisse”


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