News April 17, Citigroup announced today first quarter results, the report shows, benefit from trading profits and accounting standards, Citigroup first-quarter profit to put an end to the previous quarter loss of five trends.
In this quarter, Citigroup's net profit of 1.6 billion U.S. dollars, this performance better than last year same period net loss of 5.11 billion U.S. dollars; Citigroup first-quarter loss of 18 cents per share, mainly due to payment of a related preferred stock dividend costs, but still better than last year during the same period a loss of 34 cents per share.
Apr. 17, 2009
Six banks may be 10 billion U.S. dollars of subsidies
News April 16, the U.S. Treasury Department said today that if the United States to amend its six major banks in question and mortgages can help buyers avoid foreclosure housing, these banks will receive nearly 10 billion U.S. dollars a federal subsidy.
The principle of distribution according to the Ministry of Finance, Citigroup, JP Morgan Chase, Wells Fargo's mortgage sector will receive subsidies of more than two billion U.S. dollars.
The total amount of subsidies from the funds of 50 billion U.S. dollars designed to encourage mortgage lenders to relax the terms of a problem mortgage plan. Ministry of Finance said there will be more mortgage lenders are eligible for subsidies.
Sina Finance Apr. 16, 2009
The principle of distribution according to the Ministry of Finance, Citigroup, JP Morgan Chase, Wells Fargo's mortgage sector will receive subsidies of more than two billion U.S. dollars.
The total amount of subsidies from the funds of 50 billion U.S. dollars designed to encourage mortgage lenders to relax the terms of a problem mortgage plan. Ministry of Finance said there will be more mortgage lenders are eligible for subsidies.
Sina Finance Apr. 16, 2009
ICBC customer deposits more than 1.3 trillion U.S. dollars among the world's first
As of March 31, 2009, China Industrial and Commercial Bank of China(ICBC) has been the balance of the customer deposits more than 8.9 trillion yuan (more than 1.3 trillion U.S. dollars), representing the beginning of an increase of more than 9500 billion yuan, one goes beyond Europe and the United States and Japan, the banking industry has become a global customer The first commercial bank deposits. If the operator deposits into the financial, industrial and commercial bank deposits, compared with 9.7825 trillion yuan, or 1.44 trillion U.S. dollars, far more.
Europe and the United States and Japan in recent years, large-scale mergers between banks continue to expand with each other, which makes its assets and deposits increased rapidly. At present, the first U.S. banks JP Morgan Chase Bank, because the acquisition of the largest U.S. savings bank Washington Mutual bank deposits reached a record high of 1.0093 trillion U.S. dollars. Corresponding, within the Industrial and Commercial Bank of China is basically endogenous development. In this case the Industrial and Commercial Bank to become the world's largest commercial bank deposits more irksome. At the same time, the causes of the financial crisis, within the scope of the current global banks have started to re-examine the importance of deposit-taking business, and a traditional commercial banking business to return to the trend, the Industrial and Commercial Bank of China is bound to give rise to the performance of inside and outside, outside the industry extensive attention.
Analysts pointed out that the Industrial and Commercial Bank of China, represented by customer deposits of commercial banks in China's steady growth is rapid and healthy development of China's economic and social wealth of a true reflection of the continued accumulation. As compared to other macroeconomic indicators, the increase in customer deposits more direct reflection of the host country's economy, the financial state of development, a reflection of the host country residents and businesses with their wealth and income increase in cash flow. Industrial and Commercial Bank of China to come to the fore in many banks in customer deposits as the world's largest commercial banks, should be attributed to its strong customer base, channel convenience and outstanding reputation of the brand.
Has been owned Industrial and Commercial Bank of China Bank of China and the world's largest customer groups, ICBC is currently the number of corporate clients of 3.1 million individual customers reached 190 million, almost equivalent to the United Kingdom, Germany and France combined population of the three countries. Industrial and Commercial Bank of China outlets in various cities throughout China, for financial services is very convenient, being the deposit as "close to the bank," generally recognized as reputable, safe and reliable.
Source: www.sina.com Apr. 13, 2009
Europe and the United States and Japan in recent years, large-scale mergers between banks continue to expand with each other, which makes its assets and deposits increased rapidly. At present, the first U.S. banks JP Morgan Chase Bank, because the acquisition of the largest U.S. savings bank Washington Mutual bank deposits reached a record high of 1.0093 trillion U.S. dollars. Corresponding, within the Industrial and Commercial Bank of China is basically endogenous development. In this case the Industrial and Commercial Bank to become the world's largest commercial bank deposits more irksome. At the same time, the causes of the financial crisis, within the scope of the current global banks have started to re-examine the importance of deposit-taking business, and a traditional commercial banking business to return to the trend, the Industrial and Commercial Bank of China is bound to give rise to the performance of inside and outside, outside the industry extensive attention.
Analysts pointed out that the Industrial and Commercial Bank of China, represented by customer deposits of commercial banks in China's steady growth is rapid and healthy development of China's economic and social wealth of a true reflection of the continued accumulation. As compared to other macroeconomic indicators, the increase in customer deposits more direct reflection of the host country's economy, the financial state of development, a reflection of the host country residents and businesses with their wealth and income increase in cash flow. Industrial and Commercial Bank of China to come to the fore in many banks in customer deposits as the world's largest commercial banks, should be attributed to its strong customer base, channel convenience and outstanding reputation of the brand.
Has been owned Industrial and Commercial Bank of China Bank of China and the world's largest customer groups, ICBC is currently the number of corporate clients of 3.1 million individual customers reached 190 million, almost equivalent to the United Kingdom, Germany and France combined population of the three countries. Industrial and Commercial Bank of China outlets in various cities throughout China, for financial services is very convenient, being the deposit as "close to the bank," generally recognized as reputable, safe and reliable.
Source: www.sina.com Apr. 13, 2009
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