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Tag Archive | "company"

US firm KKR to buy stake in Chinese appliance giant

Tuesday, October 1, 2013

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US investment firm Kohlberg Kravis Roberts has agreed to buy a 10 percent share in China's biggest appliance maker Qingdao Haier, in its biggest investment in the country

US investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy a 10 percent share in China's biggest appliance maker Qingdao Haier, in its biggest investment in the country.

Bank of America fined $2.2 mn in discrimination suit

Tuesday, September 24, 2013

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The Bank of America Corporate Center, pictured on July 11, 2012 in Charlotte, North Carolina

A US judge has ordered Bank of America to pay nearly $2.2 million for discriminating against African-American job seekers, in a case that has been ongoing for nearly two decades.

JPMorgan faces new lawsuit over subprime mortgages: report

Tuesday, September 24, 2013

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The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase

The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase over its handling of "subprime" mortgages after settlement talks broke off, the Wall Street Journal said.

BayernLB chief executive to step down

Monday, September 23, 2013

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Gerd Haeusler, CEO of Bayern LB attends a press conference in Munich on March 29, 2012

Troubled German regional bank BayernLB said Monday its chief executive Gerd Haeusler is stepping down at the end of the year.

RBS sells 20% of insurer Direct Line

Friday, September 20, 2013

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The Royal Bank of Scotland (RBS) London headquarters is pictured on February 28, 2013

Britain's state-rescued Royal Bank of Scotland has sold a further 20 percent of its insurance unit Direct Line Group for £630 million ($1.01 billion, 748 million euros), it said Friday.

Bank of America to cut 2,100 jobs

Monday, September 9, 2013

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A woman leaves a Bank of America on August 7, 2013 in Washington, DC

Bank of America said Monday it would cut 2,100 jobs from its home mortgage unit as a key driver of the business, refinancing, has slowed down with higher interest rates.

Bank of America may face civil charges

Friday, August 2, 2013

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Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products

Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products, the bank said in a filing to a US regulatory agency.

Credit Suisse posts jump in second-quarter profits

Thursday, July 25, 2013

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Credit Suisse said its second-quarter profit had risen by 32% from a year ago to 1.04 billion francs

Swiss banking giant Credit Suisse on Thursday said its second-quarter profit had risen by 32% from a year ago to 1.04 billion francs (840,000 euros, $1.1 billion), largely thanks to a strong trading performance.

Tourre says he did not aim to dupe investors

Thursday, July 25, 2013

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Former Goldman Sachs trader Fabrice Tourre leaves for a lunch break from Federal Court July 24, 2013 in New York

Fabrice Tourre testified that he did not aim to mislead investors as the former Goldman Sachs trader took the stand in the government fraud trial against him.

Goldman profits up two-fold on investment gains

Tuesday, July 16, 2013

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A trader in the Goldman Sachs booth on the floor of the New York Stock Exchange, April 16, 2010

US investment bank Goldman Sachs on Tuesday reported earnings that doubled last year's level due to a big jump in revenues from its own investments and lending.

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