Financial Services & Real Estate
UPDATE1-UBS to shake up US brokerage -- FT
NEW YORK, July 5 (Reuters) - UBS's chief executive wants to shake up the top managerial ranks of the embattled bank's brokerage business in the United States after deciding against a sale, the Financial Times reported on Sunday, citing people familiar with the matter. Full Article
UBS to shake up, not sell, US brokerage -- FT
NEW YORK, July 5 (Reuters) - UBS's chief executive wants to shake up the top managerial ranks of the embattled bank's brokerage business in the United States after deciding against a sale, the Financial Times reported on Sunday, citing people familiar with the matter. Full Article
UPDATE 1-PartnerRe to buy rival Paris Re in $2 bln deal
NEW YORK, July 5 (Reuters) - Bermuda-based reinsurer PartnerRe said late on Sunday it will acquire smaller rival Paris Re in a $2 billion deal that catapults the company into the No. 4 spot among global reinsurers. Full Article
Kleinwort Benson management bid gets support-paper
LONDON, July 5 (Reuters) - A number of City heavyweights are backing a management bid for Kleinwort Benson, a private bank being sold by Commerzbank AG , according to The Sunday Telegraph. Full Article
UPDATE 1-UKFI to outline bank stake sale plan Thurs-paper
LONDON, July 5 (Reuters) - The body in charge of Britain's stakes in Lloyds Banking Group and Royal Bank of Scotland Group , will this week downplay expectations of a quick sale of the shareholdings, according to The Sunday Telegraph. Full Article
UKFI to outline bank stake sale plan Thurs-paper
LONDON, July 5 (Reuters) - The body in charge of Britain's stakes in Lloyds Banking Group and Royal Bank of Scotland Group , will this week downplay expectations of a quick sale of the shareholdings, according to The Sunday Telegraph. Full Article
Credit Agricole Egypt sees mild impact from downturn
CAIRO, July 5 (Reuters) - Egypt's conservative banking culture protected it from the worst of the global slowdown and an expected regulations overhaul will likely encourage credit growth, Credit Agricole Egypt's managing director said on Sunday. Full Article
UPDATE 1-Ireland mulls taking building society stakes-report
DUBLIN, July 5 (Reuters) - The Irish government is considering taking stakes of up to 25 percent in building societies Irish Nationwide and EBS after they transfer soured property loans to a "bad bank" scheme, a newspaper reported on Sunday. Full Article
Ireland mulls taking building society stakes-report
DUBLIN, July 5 (Reuters) - The Irish government is considering taking stakes of up to 25 percent in building societies Irish Nationwide and EBS after they transfer soured property loans to a "bad bank" scheme, a newspaper reported on Sunday. Full Article
UPDATE 1-Kuwait's Global to post good 2nd-qtr results-CEO
KUWAIT, July 5 (Reuters) - Kuwait's Global Investment House is expected to post "good results" in the second quarter due to an improvement in the financial markets, the company's chief executive said in remarks published on Sunday. Full Article
US
UK- Europe
- Asia
- US Most Actives
Global property slide may be long
NEW YORK (Reuters) - Commercial real estate markets in many parts of the world are falling and in the United States, the largest market, things are poised for a deep, lingering dive, experts said. Full Article
| Symbol | Last | Net Change |
|---|---|---|
| BRENT CRUDE | $65.43 | $-1.22 |
| MINI SILVER | $0.00 | $0.00 |
| 100 OZ GOLD | $931.50 | $-1.00 |
