April 2009
HSBC seeks $4 bln from property sales to fuel bank's Asian expansion
Europe’s largest bank, HSBC Holdings Plc is looking to sell three of its office buildings, including its London headquarters at Canary Wharf, to raise GBP 2.7 billion or EUR 3 billion. The other offices on sale include the company’s French ...
March 2009
American Axle & Manufacturing Holdings Inc's Future, what about others?
American Axle & Manufacturing Holdings Inc said in a regulatory filing today that it may violate the terms of its loan agreements as the future of its primary customers are still in question. General Motors Corp. and Chrysler LLC are American Axle...
February 2009
AIG Asia asset sales plan, yes or no?
Citigroup and Goldman Sachs are advising AIG on its Asia asset sales. AIG initially intended to sell 49% of AIA, which is Asia’s largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit...
January 2009
Layoffs hits U.S. economy: Spread to More Sectors of the Economy!
On Jan. 26, U.S. companies slashed nearly 60,000 jobs new layoffs were announced at companies as varied as telecom giant Sprint Nextel, construction equipment maker Caterpillar, semiconductor manufacturer Texas Instruments, and pharmaceutical house Pfi...
Say goodbye to the Citi's Financial Supermarket !
“TOO big to fail, too shit to buy” Ichabod, Ichabod, how thy glory is departed! A Citi House built on sand; it fell after the rain, what a great fall. How true! How many more such fall to come? The model of a one-stop financial filling station base...
A review on IndyMac anf IMB Management Holdings!
Hope one day we won’t see “FDIC has found buyer for FDIC”. Funny how it is so vague how much capital the buyer will “inject”. A group of private investors have agreed to buy for nearly $14 billion the collapsed home loans ...
November 2008
Boise Cascade Announces McDougall as Chairman and CEO
Boise Cascade Holdings, L.L.C. announced today that Duane McDougall will become the new Chairman and CEO of Boise Cascade effective December 1, 2008. McDougall will replace Tom Stephens who has served as Chairman and CEO of Boise Cascade since 2004. Mc...
Nomura CEO Kenichi Watanabe: Not Planning Job Cuts!
Nomura Holdings Inc., Japan’s biggest brokerage, chief executive said his company doesn’t plan to cut jobs following the takeover of Lehman Brothers’ investment banking and equity operations in Europe and Asia. “There are no spe...
Failed leadership and poor decision making comes to an end: Lehman CEO Richard S. Fuld to resign
Finally Lehman Brothers Holdings has announced that their current Chief Executive Richard Fuld would leave his position at the company by the end of the year. He would not be given any severance or bonus when he departs. He would however continue worki...
Amax Entertainment Holdings Limited ceo Ted Chan RESIGNS
Amax Entertainment Holdings Limited announced today that Ted Chan has resigned from his position as Chief Executive Officer effective 13 November 2008 to pursue a new career opportunity in Macau. The Company’s Board of Directors is engaged in a searc...
September 2008
Executive acquisition: Merrill Lynch has snapped up a team of Lehman bankers.
A week after Japan’s leading independent investment bank, Nomura, confirmed it has agreed to acquire Lehman Brothers’ operations in Asia-Pacific and Europe, Merrill Lynch has swooped in and snapped up a team of Lehman bankers. Merrill Lynch & ...
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