Topic: Credit Services and Intermediation
China Mobile investing $5.8B in Chinese bank
AP News
China Mobile invests $5.8B for 20 pct stake in Shanghai Pudong Bank to develop mobile bankingChina Mobile Ltd., the world's biggest phone company by subscribers, said Wednesday it was investing $5.8 billion in a Chinese bank as part of a plan to develop mobile phone banking and ...
Nationalized UK bank Northern Rock back in profit
AP News
Nationalized UK lender Northern Rock says it returned to profit in second half of 2009Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell. Northern Rock said it posted a profit of 466 ...
Shares of bailed out companies surge
AP News
Bailed out companies see shares rise on hopes that government rescues could be winding downShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares ...
Bailed-out U.S. financial stocks surge
Reuters US Online Report Business News
NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent ...
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