Decline in Trading Hits Deutsche Bank

Germany’s largest bank by assets–Deutsche Bank dropped to a fourth-quarter pre-tax loss after the crisis in the eurozone dragged down its trading and investment banking earnings.
According to the bank, it is said that the revenues for the quarter were down by 7% to €6.9bn from the record last quarter of 2010. Net income of €186m, [...]

Santander Profit Falls 35%

Net profit at the Spainish bank–Santander, which is the biggest bank by market capitalisation in eurozone, dropped by 35% in 2011 to €5.35bn from €8.18bn in 2010 due to the collapse of the Spanish property market and on-going eurozone debt crisis eroding the bank’s earnings.
According to the released results by Santander today, it is shown [...]

UniCredit Sets Rights Issue at 43% Discount

The largest bank by assets in Italy–UniCredit has lost more than 25% of its market value since the November announcement that it was planning the rights issue. Shares in the bank tumbled by 14% as it set the price of its €7.5bn capital increase amid continued investor jitters over the risks of peripheral eurozone lenders.
Compared [...]

Get Approved for a Business Loan

The business sector of loan service is developing dramatically. The network of potential lenders is growing at unimaginable fast pace every day, with hundreds of thousand loan service providers rush into practice. The competition in this business sector is becoming much more fierce than ever before.
On one hand, the competition is casting great pressure on [...]

India Suspends Banks from New Listings

The stock market regulator in India has issued a wake up call to investment banks operating in the country via banning some prominent banks from new listings, and also warning that it will overhaul the rules governing IPOs.
The tough response to irregularities surrounding recent listings is unusual for a slow-moving regulator that has to act [...]