AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Citigroup was top '03 underwriter
The financial group handled $542.7 bil of transactions. Total underwriting for the year rose 25% to $5.33 tril, fueled by low interest rates and a rising stock market. Analyst expect underwriting to climb in '04 due to a resurgence in IPOs and mergers. Citigroup led for the third straight year, and was followed by Morgan Stanley, Merrill Lynch, Lehman Bros., J.P. Morgan and Credit Suisse First Boston.
** Goldman Sachs was the top stock underwriter and the top IPO underwriter in 2003.
HSBC sells factoring unit to CIT
The British banking giant said it exited the $1 bil asset business, which helps companies manage their cash flow by buying their unpaid invoices, to focus on its other U.S. businesses like consumer lending and retail, commercial and investment banking. Terms weren't given. CIT, spun off in '02 from Tyco, is a commercial and consumer lender. HSBC rose 1%; CIT rose 2%.
Merrill to buy ABN Amro broker
- Watzinger joins ABN Amro from Merrill Lynch.
- Newspaper article from: Financial News September 27, 2002 700+ words
...securitisation business at Merrill Lynch, has joined ABN Amro to run its German financial...teams in London, will join ABN Amro's Frankfurt office in October...Piero Overmars, global head of ABN Amro's global financial markets...
- Merrill Lynch Purchases Execution and Clearing Unit from ABN AMRO.
- Press release article from: Business Wire January 13, 2004 700+ words
...Jan. 13, 2004 Merrill Lynch (NYSE: MER) said...and clearing unit of ABN AMRO. Terms of the transaction...quarter, will accelerate Merrill Lynch's efforts to build...clearing business, expand Merrill Lynch's institutional client...
- Capital Markets: Team Of The Month - Unflinching Merrill Propels Fortis Into...
- Magazine article from: The Banker Russell-Walling, Edward December 1, 2007 700+ words
...the heroic about Merrill Lynch's role in the consortium takeover of ABN AMRO and nowhere more...in return for ABN AMRO's Dutch banking...consortium and Merrill Lynch," Mr Dessain...core Fortis and ABN AMRO assets - and securitisation...
- Casualty of credit: financial orgs stuck with Endemol debt.(Goldman Sachs, ABN...
- Magazine article from: Daily Variety Clarke, Steve August 17, 2007 700+ words
...Deal." Of that amount, an estimated $3 billion was underwritten by Goldman Sachs, ABN Amro, Barclays Capital, Credit Suisse, Lehman and Merrill Lynch, who in turn planned to offload the debt to other investors. A debt syndication sale...
- Mumbai, Sept 1 (PTI): Revenues from IT outsourcing deal of ABN-AMRO has a...
- News wire article from: PTI - The Press Trust of India Ltd. September 1, 2005 700+ words
...over five years," DSP Merrill Lynch said here today. It...said. Estimating that ABN-AMRO deal would make the largest...closure for Infosys, DSP Merrill Lynch said the account could...200 million from the ABN-AMRO deal. ABN-AMRO is...
- DIFX welcomes ABN AMRO as a Member.(Dubai International Financial Exchange)
- News wire article from: Middle East May 16, 2006 700+ words
...Executive Officer, Asia, at ABN AMRO commented: "Dubai continues...commented: "The arrival of ABN AMRO, a leading international investment...UBS, Mashreq Capital DIFC, Merrill Lynch and ABN AMRO. The regulator of the DIFX is...
- ABN Amro to cut up to 500 jobs.
- Newspaper article from: Financial News August 8, 2002 700+ words
...high-grade loans and bonds. ABN Amro's wholesale clients unit...offset rising loan provisions. ABN Amro reported a 14.4% decline in...Vergot Holle, a banks analyst at Merrill Lynch, said that ABN Amro's tier 1 ratio of 7.15...
- Technology & telecommunications: ABN Amro Asia to Install OM's Settlement...
- Magazine article from: Securities Industry News Kentouris, Chris May 22, 2000 700+ words
...designed for the Asian market, ABN Amro officials said. The bank...local offices. The OM system, ABN Amro officials said, was selected...currently being installed by Merrill Lynch in Asia-one of ABN Amro's main competitors in the...
