Belgium's King Albert II held urgent talks with political leaders Saturday after Prime Minister Yves Leterme offered his government's resignation amid a row over the break-up of the stricken Fortis bank.
Belgium's Prime Minister Yves Leterme has offered his government's resignation amid a row over the break-up of the stricken Fortis bank, according to national media reports.
As if the beleaguered country didn't have enough problems, now its roads are paralyzed and schools shut down
Governments have stepped in to save teetering lenders and to reassure depositors. But banks have lost confidence in each other
The dollar continued its three-day run against the 15-nation euro Wednesday as banks continued to operate in defensive mode, and the Senate prepared to vote on its own version of the $700 billion financial sector rescue package that failed to pass the House of Representatives on Monday.
Dexia became the second Belgian bank this week to get a government and shareholder bailout Tuesday when Belgium, France and Luxembourg said they would inject almost $9.2 billion to keep it afloat
Oil prices tumbled more than $10 a barrel Monday - the second biggest drop in dollar terms ever on an active contract - as the government's proposed $700 billion bailout was defeated by the House, adding to concerns about the spread of economic weakness worldwide.
The U.S. dollar rose against other major currencies Monday as turmoil in the European economy undercut the euro and the pound.
Fortis goes down hard in the Low Countries, while Spain's Santander stays trim and prudent
What do investors think about the $700 billion package? Depends whom you ask.
Belgium's King Albert II held urgent talks with political leaders Saturday after Prime Minister Yves Leterme offered his government's resignation amid a row over the break-up of the stricken Fortis bank.
Belgium's Prime Minister Yves Leterme has offered his government's resignation amid a row over the break-up of the stricken Fortis bank, according to national media reports.
As if the beleaguered country didn't have enough problems, now its roads are paralyzed and schools shut down
Governments have stepped in to save teetering lenders and to reassure depositors. But banks have lost confidence in each other
The dollar continued its three-day run against the 15-nation euro Wednesday as banks continued to operate in defensive mode, and the Senate prepared to vote on its own version of the $700 billion financial sector rescue package that failed to pass the House of Representatives on Monday.
Dexia became the second Belgian bank this week to get a government and shareholder bailout Tuesday when Belgium, France and Luxembourg said they would inject almost $9.2 billion to keep it afloat
Oil prices tumbled more than $10 a barrel Monday - the second biggest drop in dollar terms ever on an active contract - as the government's proposed $700 billion bailout was defeated by the House, adding to concerns about the spread of economic weakness worldwide.
The U.S. dollar rose against other major currencies Monday as turmoil in the European economy undercut the euro and the pound.
Fortis goes down hard in the Low Countries, while Spain's Santander stays trim and prudent
What do investors think about the $700 billion package? Depends whom you ask.
Financial markets tumbled through another difficult session Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp
The Belgian prime minister says the troubled Dutch-Belgian banking and insurance giant Fortis NV will be partially nationalized
Lee Avery had never really thought of his company's work - producing parts for underwater oil and gas pipelines- as involving research and development: His engineers don't wear white lab coats, after all. So Avery, co-founder and president of Quality Connector Systems of Houston, was initially skeptical when he was told that his four-year-old company was eligible for tens of thousands of dollars in annual tax savings from the $7-billion-a-year U.S. Research and Development Tax Credit Program.
A consortium led by Royal Bank of Scotland claimed victory Monday in its takeover of Dutch bank ABN Amro, bringing an end to the biggest banking deal ever.
The $101 billion battle for Dutch bank ABN Amro, the biggest banking buyout ever, is coming to a close, according to a published report.
ABN Amro's board will not recommend either of the two rival takeover bids the Dutch bank has received, it told shareholders Sunday.
Shareholders of Barclays PLC approved a bid for ABN Amro Holding NV by a 9-to-1 margin Friday, though success of the offer remained far from certain in the face of a higher, rival bid.
European shares closed virtually unchanged after a volatile session on Tuesday as concerns about the U.S. subprime mortgage crisis continued to haunt the market.
Shares in Dutch bank ABN AMRO fell as much as 11 percent Friday as analysts cited worries that Fortis may find it difficult to finance its part of the deal to buy ABN together with Royal Bank of Scotland and Santander.
European shares suffered their biggest one-day percentage decline in more than four years Friday, fueled by fears of a liquidity crisis stemming from problems in the U.S. subprime mortgage market.
U.S. stocks were poised to open higher Monday as deal news swirled overseas, oil prices fell, and a shakeup at Bear Stearns eased some investors' fears over the bank's exposure to the ongoing turmoil in the credit market.
Belgian-Dutch financial services group Fortis won overwhelming initial support from shareholders on Monday for its part of a three-bank bid to buy ABN AMRO in the biggest ever bank takeover battle.
Stocks moved higher in midday trading Monday as credit market fears on Wall Street, which sparked a selloff late last week, appeared to subside.
Stocks seesawed before moving mostly lower Monday, as a $2 drop in the price of oil failed to cool residual credit market concerns, which sent stocks tumbling late last week.
Dutch bank ABN AMRO is continuing to hold talks with the Royal Bank of Scotland-led consortium which has offered 71 billion euros ($97 billion) for the Netherlands' largest bank in a bidding war with British bank Barclays, the two groups said on Sunday.
The takeover battle for ABN Amro heated up on Monday with the Royal Bank of Scotland consortium boosting the cash element of its €71.1 billion ($98 billion) offer.
Toronto-Dominion Bank ranks no. 440 on FORTUNE's Global 500 this year, with $15.3 billion in revenues, up 26.3% from the previous year. Its 2005 profits were $1.8 billion, up 4.5% from a year earlier.
Canadian Imperial Bank of Commerce ranks no. 436 on FORTUNE's Global 500 this year, with $15.4 billion in revenues, up 21.9% from the previous year. The Toronto, Canada-based company was ranked no. 488 on the 2005 list. Its 2005 profits were $0.0 billion, down 101.6% from a year earlier.
Westpac Banking ranks no. 430 on FORTUNE's Global 500 this year, with $15.7 billion in revenues, up 21.4% from the previous year. The Sydney, Australia-based company was ranked no. 477 on the 2005 list. Its 2005 profits were $2.2 billion, up 16.9% from a year earlier.
Barclays Plc ranks no. 103 on FORTUNE's Global 500 this year, with $50.6 billion in revenues, up 28.7% from the previous year. The London, Britain-based company was ranked no. 110 on the 2005 list. Its 2005 profits were $6.3 billion, up 4.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Australia & New Zealand Banking ranks no. 423 on FORTUNE's Global 500 this year, with $15.9 billion in revenues, up 26.3% from the previous year. The Melbourne, Australia-based company was ranked no. 490 on the 2005 list. Its 2005 profits were $2.3 billion, up 12.9% from a year earlier.
San Paolo IMI Spa ranks no. 392 on FORTUNE's Global 500 this year, with $16.9 billion in revenues, up 13.3% from the previous year. The Turin, Italy-based company was ranked no. 415 on the 2005 list. Its 2005 profits were $2.5 billion, up 42.2% from a year earlier.
Banco Bilbao Vizcaya Argentaria, S.A. ranks no. 410 on FORTUNE's Global 500 this year, with $16.3 billion in revenues, down 23.4% from the previous year. The Bilbao, Spain-based company was ranked no. 268 on the 2005 list. Its 2005 profits were $4.7 billion, up 35.7% from a year earlier.
U.S. Bancorp ranks no. 403 on FORTUNE's Global 500 this year, with $16.6 billion in revenues, up 12.9% from the previous year. The Minneapolis, Minnesota-based company was ranked no. 420 on the 2005 list. Its 2005 profits were $4.5 billion, up 7.7% from a year earlier.
Commonwealth Bank of Australia ranks no. 350 on FORTUNE's Global 500 this year, with $18.6 billion in revenues, up 23.2% from the previous year. The Sydney, Australia-based company was ranked no. 406 on the 2005 list. Its 2005 profits were $3.0 billion, up 63.5% from a year earlier.
Royal Bank of Canada ranks no. 250 on FORTUNE's Global 500 this year, with $24.1 billion in revenues, up 26.4% from the previous year. The Toronto, Canada-based company was ranked no. 312 on the 2005 list. Its 2005 profits were $2.8 billion, up 30.3% from a year earlier.
National Australia Bank Limited ranks no. 226 on FORTUNE's Global 500 this year, with $26.5 billion in revenues, up 24.2% from the previous year. The Melbourne, Australia-based company was ranked no. 269 on the 2005 list. Its 2005 profits were $3.2 billion, up 37% from a year earlier.
Santander Central Hispano Group ranks no. 93 on FORTUNE's Global 500 this year, with $53.8 billion in revenues, up 69.3% from the previous year. The Madrid, Spain-based company was ranked no. 155 on the 2005 list. Its 2005 profits were $7.7 billion, up 98.2% from a year earlier. 2005 was a banner year for most Global 500 companies.
Wachovia Corp. ranks no. 158 on FORTUNE's Global 500 this year, with $35.9 billion in revenues, up 27.9% from the previous year. The Charlotte, North Carolina-based company was ranked no. 187 on the 2005 list. Its 2005 profits were $6.6 billion, up 27.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
ABN AMRO Holding ranks no. 82 on FORTUNE's Global 500 this year, with $56.6 billion in revenues, up 33.8% from the previous year. The Amsterdam, Netherlands-based company was ranked no. 101 on the 2005 list. Its 2005 profits were $5.4 billion, up 6.5% from a year earlier. 2005 was a banner year for most Global 500 companies.
Mitsubishi UFJ Financial Group ranks no. 147 on FORTUNE's Global 500 this year, with $37.9 billion in revenues, up 55.1% from the previous year. The Tokyo, Japan-based company was ranked no. 217 on the 2005 list. Its 2005 profits were $6.8 billion, up 116.2% from a year earlier. 2005 was a banner year for most Global 500 companies.
Wells Fargo ranks no. 138 on FORTUNE's Global 500 this year, with $40.4 billion in revenues, up 19.3% from the previous year. The San Francisco, California-based company was ranked no. 144 on the 2005 list. Its 2005 profits were $7.7 billion, up 9.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
Société Générale ranks no. 67 on FORTUNE's Global 500 this year, with $64.4 billion in revenues, up 98.8% from the previous year. The Paris, France-based company was ranked no. 152 on the 2005 list. Its 2005 profits were $5.5 billion, up 42.1% from a year earlier. 2005 was a banner year for most Global 500 companies.
Credit Suisse Group ranks no. 57 on FORTUNE's Global 500 this year, with $72.2 billion in revenues, up 22.7% from the previous year. The Zurich, Switzerland-based company was ranked no. 61 on the 2005 list. Its 2005 profits were $4.7 billion, up 3.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Deutsche Bank Aktiengesellschaft ranks no. 48 on FORTUNE's Global 500 this year, with $76.2 billion in revenues, up 36.9% from the previous year. The Frankfurt, Germany-based company was ranked no. 68 on the 2005 list. Its 2005 profits were $4.4 billion, up 42.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
J.P. Morgan Chase & Co. ranks no. 45 on FORTUNE's Global 500 this year, with $79.9 billion in revenues, up 40.3% from the previous year. The New York, New York-based company was ranked no. 65 on the 2005 list. Its 2005 profits were $8.5 billion, up 89.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
Bank of America Corp. ranks no. 37 on FORTUNE's Global 500 this year, with $84.0 billion in revenues, up 32.6% from the previous year. The Charlotte, North Carolina-based company was ranked no. 52 on the 2005 list. Its 2005 profits were $16.5 billion, up 16.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
UBS AG ranks no. 36 on FORTUNE's Global 500 this year, with $84.7 billion in revenues, up 48.8% from the previous year. The Zurich, Switzerland-based company was ranked no. 66 on the 2005 list. Its 2005 profits were $11.3 billion, up 72.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
HSBC Holdings ranks no. 26 on FORTUNE's Global 500 this year, with $93.5 billion in revenues, up 28.9% from the previous year. The London, Britain-based company was ranked no. 36 on the 2005 list. Its 2005 profits were $15.9 billion, up 34.1% from a year earlier. 2005 was a banner year for most Global 500 companies.
Citigroup ranks no. 14 on FORTUNE's Global 500 this year, with $131.0 billion in revenues, up 21% from the previous year. The New York, New York-based company was ranked no. 16 on the 2005 list. Its 2005 profits were $24.6 billion, up 44.3% from a year earlier. 2005 was a banner year for most Global 500 companies.
The dollar rose to a high for the week Friday as investors bought into the market following a month-long slide and anticipated a greenback-boosting interest rate hike next week.
The dollar rose for the fifth straight session against the euro Thursday, fueled by a growing view in the market that steady economic growth is making the United States more attractive for investment.
U.S. Treasurys rallied Monday, boosted by global security shocks that sent stock markets tumbling, and the dollar ended mixed against the euro and the Japanese yen.
The Health Savings Accounts (HSAs) created by the new Medicare law will let folks under age 65 who are in high-deductible insurance plans ($1,000 or more for individuals, $2,000 for families) save,...
Now that it has lost bids in France and Belgium, where will Dutch bank ABN Amro strike next? What will come of those talks between Volkswagen and Volvo? And don't you think Germany's biggest bank, ...
If you're like most people, you probably find your bank checking account convenient for paying bills and tracking spending. But even those accounts that pay interest are no place to stash excess ca...
| Most Viewed | Most Emailed | Top Searches |
| Most Viewed | Most Emailed | Top Searches |
Video
