Swiss banks turn their backs on &quot;merger mania&quot;
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The 2004 Finance Forum is focusing on the theme: âThe bank of the future - strategies for increasingly competitive marketsâ. The event comes at a time when Europeâs major banks are exploring the idea
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The decision comes on top of 12,500 job cuts that the bank initially said it would eliminate during the merger. The bank&#39;s move drew fire from two Massachusetts
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Swiss voters have rejected calls to use the central bank's profits to shoulder the growing burden of state retirement pensions, partial results from a national referendum and exit polls have shown.
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Manchester United&#39;s board took the momentous decision yesterday to stand shoulder to shoulder with fans&#39; groups and reject the takeover proposals of American multi-millionaire
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The Spanish bank poised to take over Britain&#39;s Abbey National will walk away if the Â£8.2bn (â¬12.1bn) deal is stalled by competition concerns, it was reported today.
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Bankers have a beef when it comes to competition. Actually, they have a few. This is not a new theme. Bankers have long complained about doing business with strings attached or baggage to carry against competitors unencumbered by the same laws, regulations, or taxes. Don't mention mortgage companies to them at a cocktail party, unless you already have a drink ...
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Not buying it. Megafinancier Carl Icahn has made it clear: He&#39;s still opposed to Mylan Laboratories&#39; (nyse: MYL - news - people ) proposed acquisition of King Pharmaceuticals (nyse: KG - news - people ). Despite
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French bank BNP Paribas revealed on Thursday it was stalking crisis-hit Societe Generale, while voices in the European Union were raised against France for warning it would ward off hostile bids.
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Swiss voters have rejected plans to use central bank profits to shoulder the growing burden of state retirement pensions, dealing a blow to left-wing parties and trade unions which had spearheaded the idea.
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The $58-million merger between JP Morgan Chase and Bank One Corp. is costing the region more jobs. Chase is eliminating 400 positions at its card services division, which is located at its
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Swiss reinsurance group Converium has said that it had rejected a takeover offer worth 1.9 billion euros from French company Scor.
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The company said the decision was a &quot;major step&quot; towards implementing its controversial rescue plan. Major shareholders are opposing the deal, which hands control of
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A Swiss banker declares neutrality on media -- except for Disney.
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ZURICH  - Shares in the Swiss banking group Credit Suisse fell on the eve of an investors meeting which will reportedly unveil drastic changes at its US investment banking arm, Credit Suisse First Boston (CSFB).
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Swiss bank UBSâs string of stinging financial disclosures is  symptomatic of how the subprime drama has unfolded in Europe and is stoking fears of more shocks to come.
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The recent woes of Citigroup   have encouraged some investment bankers to talk up the chances  that the biggest U.S. bank might feel pressure to buy a major  U.S. rival, with Wells Fargo & Co.  and even Goldman  Sachs Group  touted as potential merger partners.
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Business & money: Business leaders oppose stronger powers to investigate breaches.