HSBC overtakes rival Citigroup as biggest bank after assets rise
Article Abstract:
HSBC Holdings PLC of the United Kingdom has increased its market share to overtake rival Citigroup Inc. of the United States. Assets at the British banking group are valued at $1.74 trillion. Assets at the American banking group are valued at $1.63 trillion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Citigroup agrees to buy 20 percent stake in Turkish Bank
Article Abstract:
Citigroup Inc. of the United States is to purchase a 20 percent stake in Akbank of Turkey for $3.1 billion. Citigroup Inc. is growing into international emerging markets. Akbank Tas is one of the largest lenders in Turkey.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Subprime woes touch a U.K. public fund, opening up the game
Article Abstract:
Shares of UK's Queen's Walk Investment Ltd. have dropped 39% due to poor performance of British mortgage bonds and risks incurred from US asset-backed securities, known as residual or first loss securities.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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