Wednesday, September 5, 2012

ECB takes center stage after pause in crisis

NEW YORK (CNNMoney) -- Europe's long-running financial crisis took some time off, but vacation time is over. After a summer lull, investors are bracing for several key events in the euro area this month, starting with a crucial meeting of the European Central Bank on Thursday.

Tuesday, September 4, 2012

Credit Suisse denies Swiss banks helping Germans dodge tax pact

ZURICH: The head of Credit Suisse denied on Monday that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centres such as Singapore to avoid becoming subject to taxes.

Monday, September 3, 2012

Barclays’ Azar Sees Pick-Up in Middle East M&A, Fee Income

Middle East merger and acquisition deals will probably rise in the next year as sovereign wealth funds look for ways to spend cash from oil sales and regional companies seek expansion, a Barclays Plc (BARC) executive said.

Sunday, September 2, 2012

Abu Dhabi launches new port, may compete with Dubai

ABU DHABI (Reuters) - Abu Dhabi launched operations at a multi-billion dollar port facility on Saturday, seeking to diversify its oil-based economy with a project that could intensify competition for the region's shipping traffic with neighbouring emirate Dubai.

Saturday, September 1, 2012

Bank Property Lending Retreat a Lehman Legacy: Mortgages

For J.H. Snyder Co. to start building a $197 million Los Angeles apartment complex in June, the developer cobbled together funds from two city agencies, a mezzanine lender and a pension fund to help fill a 63 percent funding gap left by JPMorgan Chase & Co. (JPM)’s construction loan.