Schwab unit to merge 19 branches, launch 54 satellite offices
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SAN FRANCISCO (Dow Jones/AP) -- Financial services firm Charles Schwab Corp. said its brokerage subsidiary will open 54 satellite offices as part of a change in its retail branch strategy aimed at providing more in-person financial advice.
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Charles Schwab &amp; Co., Inc. Thursday confirmed plans for the sale of its memberships on the New York Stock Exchange (NYSE). The San Francisco-based brokerage expects to close on the sale of its three seats during the first quarter of 2005.
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Nationwide, the nation's biggest mutually-owned bank, is to merge with smaller bank Portman, to create a new financial services group with more than 150 billion pounds in assets, the two groups have announced in a statement.
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The two main U.S. satellite radio  providers, Sirius Satellite Radio  and XM Satellite  Radio  on Monday said they would merge in a  stock-for-stock deal, a move that has been long expected in the  young industry.
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Charles Schwab announced early Tuesday it has reached a deal, as expected, to sell its Soundview Capital Markets unit to Swiss bank UBS for $265 million in cash.
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Credit Suisse Group, Switzerland&#39;s second-largest bank, said Tuesday it will combine its US-based Credit Suisse First Boston investment unit with its retail and private banking business within two years.
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HSBC Holdings, the European bank, said it would buy part of an office tower in Shanghai to house its China headquarters as it speeds up expansion in China. HSBC agreed to buy naming rights and occupy 20 floors of one of the twin towers of the Shanghai International Finance Center, to be completed by 2010, from Sun Hung Kai Properties, HSBC said in a statement to the Hong Kong Stock Exchange. The tower, a few blocks from the bankâs current headquarters, would be renamed HSBC Building-Shanghai IFC. Stephen K. Green, the chairman of HSBC, disclosed the deal at a news conference in Shanghai, but he declined to say how much the bank had agreed to pay.
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UBS AG, the world&#39;s largest money manager for the rich, agreed to buy Charles Schwab Corp.&#39;s market making, research and institutional trading unit for $265 million in cash, giving it the No.
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SEOUL/LONDON  - HSBC  has agreed to buy a 51 percent stake in Korea Exchange Bank (KEB)  from U.S. private equity firm Lone Star for about $6.3 billion in cash to boost its profile in Asia's third-largest banking market.
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The US Federal Reserve chairman Alan Greenspan said at a meeting of the American Bankers Association in New York on Tuesday the increasing number of bank mergers underlines new opportunity for the financial sector to recover.
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Colonial BancGroup Inc. on Tuesday said it agreed to acquire Union Bank of Florida in a cash and stock transaction, adding Union&#39;s 18 branches to its network of nearly 300 locations.
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Charles Schwab Corp. SCH.N, the  largest U.S. discount brokerage, has halved the level of assets  that clients need to avoid paying some fees.
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Enriched from the sale of its wealth management subsidiary, Charles Schwab will buy back more than 100 million of its shares and paying a one-time dividend.
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NEW YORK, September 14 (New Ratings) - Charles Schwab Corporation (SCH.NYS) has agreed to pay a fine of $350,000 to settle the enforcement proceedings by federal regulators in connection with the alleged illegal processing of some mutual fund trade
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Nationwide, Britain's biggest mutually-owned bank, is to merge with smaller rival Portman, to create a new financial services group with more than 150 billion pounds (221 billion euros, 281 billion dollars) in assets.
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One of the largest financial institutions in Texas has drawn the attention of a New York banking giant. Bryan-based First American Bank SSB will be acquired by New York-based Citigroup Inc.
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The Lincolnshire, Ill.-based company's stake in Mobile Satellite Ventures LP may now be more than &#36;7 billion, according to one estimate.