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ANZ to buy RBS Asian assets for $550m
Australia's ANZ agreed to buy part of Royal Bank of Scotland's Asian banking assets for $550m in a deal which would bolster its strategy to become a 'super-regional' lender
FT

UBS still losing client money, sees improvement
ZURICH (Reuters) - Swiss bank UBS posted another big loss in the second quarter as wealthy clients were scared off by a U.S. tax row, but said it hoped to start winning back trust now that a U.S. deal was in sight.
Reuters

SEC Settlement May Threaten Bank of America`s CEO Ken Lewis
Bank of America's settlement with the SEC is not only an embarrassment for CEO Ken Lewis; it may set the stage for his departure
TIME

UPDATE 1-Deals of the day -- mergers and acquisitions
(Adds Standard Chartered Bank, Heritage Oil, others; updates Australia and New Zealand Banking Group, HSBC)
Reuters

M.Stanley eyes China property sale for $366 mln -sources
HONG KONG, Aug 4 (Reuters) - Morgan Stanley Real Estate, the property investment arm of the U.S. bank is in advanced talks with developer SOHO China for the sale of a top-end office building in Shanghai, sources said on Tuesday.
Reuters

RBS Sells Some Asian Assets to ANZ for $550 Million
The Royal Bank of Scotland sold Asian assets to Australia and New Zealand Banking Group on Tuesday for $550 million, helping the British lender to raise cash.
International Herald Tribune

RBA at end of rate cut cycle: experts
THE Reserve Bank of Australia has left interest rates on hold for the fourth month in a row and signalled the end to its recent rate cutting cycle, economists say.
The Australian

BNP Paribas profits boosted by Fortis
BNP Paribas, France's biggest bank by market capitalisation, posted a 6.6 per cent rise in second-quarter net profit as its acquisition of Fortis assets boosted earnings
FT

Crumbling less - BBC
Northern Rock's losses are a reminder - not that we need them after a recession caused by a banking crisis - that bankers depart from the boring rules of sensible old-fashioned prudent banking at thei...
Big News Network

RBA signals rate cut cycle over
THE Reserve Bank has flagged the interest rate cutting cycle is over, as the recovery of the Australian economy unfolds.
The Australian

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Archived "business - bank societe" news stories.

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