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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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Korea Asset Management Corp (Kamco), plans to spend about Won1,000bn ($886m) on US non-performing loans. They are currently in talks with Merrill Lynch to purchase a substantial amount of non-performing loans of the investment bank.
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Switzerland's Federal Banking Commission will go ahead with a plan to cap the amount of assets that UBS AG and Credit Suisse Group AG can accumulate in relation to their capital, according to Chairman Eugen Haltiner.
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Natixis SA, the French bank seeking â?¬3.7 bn in new capital, reported a second-quarter loss that exceeded analysts' estimates on writedowns tied to U.S. bond insurers.
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The Federal Reserve board on Monday said it had banned Columbian Bank and Trust Co.'s holding company from taking dividends or other capital-reducing payments from the Kansas bank, which was shut on Friday.
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