By Reuters
Moody's Investor Service downgraded credit ratings of three large Nordic banks on Friday, citing their reliance on market funding, tough competition for retail loans, and their exposure to the spreading euro zone debt crisis. (May 25)
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BNP PARIBAS, JAPAN, AUSTRALIA, RETAIL, MORTGAGE
By Reuters
Moody's cut ratings for DNB <DNB.OL>, Handelsbanken <SHBa.ST> and Nordea <NDA.ST> on Friday in an expected move, pointing to vulnerability in terms of the Nordic banks funding and asset quality, as well as modest profitability. (May 25)
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RETAIL, MORTGAGE
By Reuters UK
The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, according to the excerpt of a memo sent to Reuters. (May 24)
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SEC, LEHMAN BROTHERS, COURT, INVESTMENT, CONGRESS
By Reuters
The Financial Industry Regulatory Authority has fined Citigroup Global Markets $3.5 million for providing inaccurate information related to subprime securitizations. (May 22)
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CITIGROUP, MORTGAGE
By Reuters
In early 2010, Marc Benioff, founder and chief executive of Salesforce.com, summoned several of his top real estate and finance executives to his San Francisco home to float a bold idea. He envisioned a world-class corporate campus to house the high-... (May 11)
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MARC BENIOFF, CALIFORNIA, ORACLE, MANAGEMENT, CLOUD COMPUTING, INVESTMENT
By IBTimes
Back in March, 55-year-old grandmother Sharon Simmons made headlines when she announced her plans to audition for the Dallas Cowboys Cheerleading squad on May 5. This past weekend Simmons did just that. (May 07)
By Reuters UK
National Australia Bank illustrated the tough market facing sellers of UK banking assets on Monday, scrapping plans for a sale of its British banking operations and saying it would instead shrink them by cutting 1,400 jobs. (Apr 30)
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AUSTRALIA, MANAGEMENT, LONDON
By Prudents Squirrel
Last week I mentioned that the central banks are battling world delevering with what I estimate to be $30 trillion worth (using USD measure) of financial backing to banks and insurance companies and brokerages to battle the delevering happening since... (Apr 24)
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GOLD, MORTGAGE, INVESTMENT
By Reuters UK
German state-backed lender Commerzbank <CBKG.DE> won European Union approval on Friday to wind down its Eurohypo mortgage unit instead of selling it in a change to restructuring plans tied to the bank's state bailout during the financial crisis. (Mar 30)
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COMMERZBANK, DEUTSCHE BANK, GERMANY, EUROPEAN UNION, POLAND, MORTGAGE
By IBTimes
Experts believe 2012 could mark the beginning of a turnaround for the housing industry, albeit a slow one. (Mar 28)
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UNEMPLOYMENT, STORM, MORTGAGE, INVESTMENT