HSBC Holdings, Europe’s biggest bank, says it hopes to boost its stake in China’s Bank of Communications. On the face of it, this should raise no eyebrows. HSBC has been in China in one way or another since the height of the British Empire. This is its area of expertise, and it’s not surprising the […]
Posted on March 6th, 2009 by
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Another day and another report of a company looking to exit its hedge fund operation.
According to a report in today’s FT, Germany’s Commerzbank has put its $900 million fund of hedge fund manager Comas up for sale, although it may close it down if no buyer is found.
Only last week Spanish bank BBVA said it would close […]
Posted on March 6th, 2009 by
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Any hopes Monday’s slide marked any kind of bottom came tumbling down Thursday as major averages tumbled to yet another round of new multi-year lows. The Dow shed 4% to 6594, its lowest close since April 15, 1997, while the S&P lost
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Posted on March 6th, 2009 by
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