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Caren Bohan / Reuters 11:36 AM | September 14,2009
He will also discuss unwinding of financial support and G-20 summit adds pressure on him for regulatory changes
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Tim Gaynor / Reuters 11:28 AM | September 25,2008
The crisis has already altered the landscape of Wall Street, where investment banks have gone bust, been taken over by the government, or forced into the arms of larger institutions
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AP 09:09 AM | September 24,2008
Agreement provides two-year $85 billion emergency loan at 11.5% interest to AIG; US govt gets 80% stake in firm
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Thomas Atkins / Reuters 12:16 PM | May 22,2008
It is priced 73% below the Swiss bank’s peak price less than a year ago
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04:40 PM | May 20,2008
Housing meltdown hurt sales and it closed stores and cut back expansion plans
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11:18 AM | May 06,2008
Around 7% of the total workforce will be cut through layoffs and attrition in the wake of the subprime credit crisis as it reverses a rapid expansion into investment banking
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11:57 AM | May 01,2008
A number of banks in India have also disclosed provisions for derivative-related issues in their latest quarter results, the figures are immaterial vis-a-vis the global giants like Citigroup
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03:36 PM | April 25,2008
The company has already announced plans to slash 400 jobs or 30% of the workforce at its US operations due to the US mortgage woes
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Reuters 02:42 PM | April 23,2008
Bank says clients may book losses of up to Rs7 billion but none of 130 million customers have dragged it to court over derivatives contracts
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12:06 PM | April 22,2008
The Bank will offer 11 new shares for every 18 existing shares at 200 pence per share in the rights issue
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09:23 AM | April 22,2008
Investors opt to take profits on recent gains after another series of bad US bank results highlighted damage caused by the US subprime home loan crisis
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01:44 PM | April 17,2008
Higher inflation, growth worries and financial market troubles are seen drawing more investors to the safe haven appeal of the yellow metal that has already appreciated 28% in the last one year
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12:37 PM | April 16,2008
Investors await earnings reports from major US banks to see how badly they have been hit by subprime losses
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Crisis Management | William Pesek 11:09 PM | April 11,2008
A lot of the features are similar between the US’ problems and the Asian crisis, former Korean minister
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02:12 PM | March 17,2008
Offer is about a tenth of Bear Stearns’ closing price on Friday; deal will be a stock-for-stock exchange
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