Industrial and Commercial Bank of China Limited has announced its annual results for the financial year 2008.
UBS shares fell by almost 11 per cent yesterday as the biggest European casualty of the credit crisis fell victim to renewed speculation about further writedowns and job cuts.
’Give Time time,’ they say in Spanish, for time will heal all wounds and reveal new options if you just let it ride.
The shakeout in the once-booming wealth management industry across Asia gathered pace after SG Private Banking, a leading player in the region, announced layoffs on Friday.
MORE THAN 500 of the richest people in Britain are planning legal action against Royal Bank of Scotland (RBS) for losses of more than £200m from investments through Coutts, the Queens bankers, which it bought in 2000.