A difficult 2008 fro USB bank

Citigroup ready to inject $ 3.4 billion into its SIV

According to the rating agency Moody's, the American bank could, if necessary, spend 3.4 billion dollars to the recapitalization of six of its SIV.

Morgan Stanley eliminates 1,000 jobs in the real estate credit

The US investment bank Morgan Stanley announced Wednesday evening that it will remove 1,000 positions in its core businesses of home mortgages. Simultaneously, the institution will reduce its activities in this area in the United States, and close...

Citigroup report a decrease by 17% on its SIV

The American bank Citigroup has quietly freed in the past two months more than 15 billion dollars in assets, held off through structures dedicated.

Morgan Stanley is selling Spanish private banking division

After eight years, Morgan Stanley leaves the private banking activity, aimed at individuals in Spain, because this area does not fit into the overall strategy of the bank. Morgan maintained its investment banking business, capital markets and...

Axa Private Equity claims of $ 22 billion under management

The venture capital subsidiary of Axa, which has lifted 7 billion this year, is among the leading global players in the sector. The Capital Investment subsidiary of Axa displays now a comfortable size. Axa Private Equity has indeed crossed the...

American banks have provisioned for 16.6 billion dollars in the third quarter

According to a first assessment of the American federal agency FDIC, the amounts of deposits placed in the accounts of American banks in the third quarter more than doubled over one year to reach a record high since the financial crisis of...

Citigroup leads slide on report of huge layoffs

Citigroup shares fell Monday after CNBC reported the firm could lay off up to 45,000 staffers, leading a broader slide in the financial sector. The expected layoffs are the result of several billion dollars of mortgage losses at Citigroup.