Paris NEWS - Cathay Financial Plans China Investment,Bank Branches - Wall Street Journal Paris NEWS - Cathay Financial Plans China Investment,Bank Branches - Wall Street Journal

Wednesday, May 6, 2009

Paris NEWS - Cathay Financial Plans China Investment,Bank Branches - Wall Street Journal

Cathay Financial Plans China Investment,Bank Branches - Wall Street Journal

AFP

Cathay Financial Plans China Investment,Bank Branches
Wall Street Journal
By Jessie Ho Of DOW JONES NEWSWIRES TAIPEI (Dow Jones)--Taiwan's Cathay Financial Holding Co. (2882.TW) plans to set up bank branches in China and invest NT$100 billion (US$3.01 billion) in the country's stock and property markets, company President ...
Cathay Fin marks $3 bln for China stocks, property Reuters
Taiwan stocks end at 8-mth high on China hopes Economic Times
Taiwan stocks close higher on heavy turnover eTaiwan News
Wall Street Journal
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Local governments that suffered Lehman losses ask Congress for help - MiamiHerald.com

KCBS

Local governments that suffered Lehman losses ask Congress for help
MiamiHerald.com, FL - Lesley Clark
Karen Rushing told the House Financial Services Committee that Florida held over $300 million in Lehman investments when the company fell into bankruptcy last fall; Sarasota was holding about $40 million. An economic analysis, she said, estimates that ...
San Mateo County seeking federal bailout money San Jose Mercury News
HEARING OF THE HOUSE COMMITTEE ON FINANCIAL SERVICES Federal News Service (subscription)
County to Congress: Help San Mateo Daily Journal
The Associated Press - San Jose Mercury News
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GMAC reports first-quarter loss of $675 million - Los Angeles Times

RTT News

GMAC reports first-quarter loss of $675 million
Los Angeles Times, CA
Loan defaults help widen the loss from a year earlier, and Chief Financial Officer Robert Hull expects more losses. But a GM bankruptcy wouldn't trigger a GMAC filing, the home and auto lender says. GMAC, the auto and home lender that received a ...
Even If GM Lands in Chapter 11, Lender GMAC Might Not Follow Washington Post
GMAC posts wider loss but points to signs of recovery MarketWatch
GMAC 1Q Loss Widens On Credit Woes, Weak Economy Wall Street Journal
BBC News - The Associated Press
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Bank of America's $34 Billion Headache - Reuters

Reuters

Bank of America's $34 Billion Headache
Reuters
By matthew.yeomans - The Big Money Bank of America (BAC) CEO Kenneth Lewis is facing a $34 billion headache this morning after financial regulators informed the bank that was the figure it needs to find now to pass the so-called stress test for viable ...
Stocks Dip as Investors Await Bank Stress Tests Washington Post
Report: Bank of America facing $35 billion capital shortfall Los Angeles Times
Financial Winners and Losers: AIG TheStreet.com
Forbes - The Associated Press
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Armstrong's Astana team in financial crisis - CBSSports.com

MiamiHerald.com

Armstrong's Astana team in financial crisis
CBSSports.com
VERONA, Italy -- Lance Armstrong's Astana team is in the midst of a financial crisis on the eve of the American's first Giro d'Italia. Astana spokesman Philippe Maertens confirmed reports out of Kazakhstan that the team has not been paying its riders ...
First Edition Cycling News Cyclingnews.com
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