Financial Services & Real Estate
DEALTALK-Crosby's Apollo launch no fix after Forsyth problem
LONDON, Nov 20 (Reuters) - Crosby Asset Management's bid to draw in money with fund manager Tom McGrath is unlikely to deflect attention from its crumbling asset base and an ill-timed acquisition last year. Full Article
Irish fin min: holding "structural" talks with banks
DUBLIN, Nov 20 (Reuters) - Irish Finance Minister Brian Lenihan said on Thursday he was holding "structural" talks with banks and was determined to reform Ireland's banking sector. Full Article
US STOCKS-Wall St rout sends S&P 500 to six-year low
* Dow off 2.6 pct, S&P off 3.7 pct, Nasdaq off 2.8 pct Full Article
UPDATE 1-RBS bank Chairman McKillop "profoundly sorry"
LONDON, Nov 20 (Reuters) - Royal Bank of Scotland chairman Sir Tom McKillop told investors he was "profoundly sorry" for the crisis which left itneeding a a 20 billion pound ($30 billion) government rescue package. Full Article
Tel Aviv shares slide 11 pct, trading halted
JERUSALEM, Nov 20 (Reuters) - The Tel Aviv Stock Exchange halted trading on Wednesday after losses the blue-chip Tel Aviv 25 index slid by 11 percent. Full Article
UPDATE 1-JPMorgan cuts investment banking jobs - sources
NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday. Full Article
Italy market watchdog added to ex-cenbanker trial
MILAN, Nov 20 (Reuters) - The trial of the Bank of Italy's ex-governor over a scandal-ridden 2005 bank takeover restarted on Thursday, with market regulator Consob admitted as a civil party. Full Article
Kenya's bourse appoints new chief executive
NAIROBI, Nov 20 (Reuters) - The board of Kenya's Nairobi Stock Exchange (NSE) on Thursday named Peter Mwangi, a 39-year old former managing director of a large listed company as chief executive after the previous one quit, officials said. Full Article
US 30-year, 15-year mortgage rates fall third straight week
WASHINGTON, Nov 20 (Reuters) - U.S. 30- and 15-year mortgage rates fell for a third straight week, according to a survey released on Thursday by home funding company Freddie Mac. Full Article
CANADA STOCKS-TSX hit hard by TD warning, oil price
TORONTO, Nov 20 (Reuters) - The Toronto Stock Exchange's main index fell nearly 6 percent on Thursday morning to its lowest level since December 2003 as the price of oil slid and the financials group was weighed down by an earnings warning from Toronto-Dominion Bank . Full Article
Aetna CEO says taking market share
NEW YORK (Reuters) - Aetna Inc is confident in its prospects and is taking market share despite uncertainty over health-care reform and the broader economic climate that has weighed on its shares, the head of the No. 3 U.S. health insurer said on Wednesday. Full Article
| Symbol | Last | Net Change |
|---|---|---|
| BRENT CRUDE | $49.23 | $-2.49 |
| MINI GOLD | $747.40 | $11.50 |
| MINI SILVER | $8.95 | $-0.35 |
