Posted by admin on March 14th, 2008
The FINANCIAL — Bank of America announced on March 10 that Cindy Flanders has been promoted to Global Commercial Banking executive for the Mid-Atlantic Region.
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In her new role, Flanders is responsible for leading the delivery of the full resources of Bank of America to companies with revenues of between $2.5 [...]
Posted by admin on March 4th, 2008
The FINANCIAL — Bank of America announced on February 27 that Martin Richards has been promoted to Global Commercial Banking executive for the Pacific Northwest Region.
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Richards recently relocated back to San Francisco, where he previously served as the Commercial Banking market executive for the Bay Area.
In his new role, Richards [...]
Posted by admin on February 28th, 2008
Orlando’s economy is slowing, but the region’s relative economic strength has boosted the city’s standing among major metro areas in terms of its prospects for future retail development.
A report out this week shows Orlando has moved up seven places to No. 20 on the National Retail Index for 2008 in rankings compiled by Marcus %26amp; [...]
Posted by admin on February 14th, 2008
NEW YORK (CNNMoney.com) — The Dow Jones industrial average is adding Bank of America and Chevron, replacing Honeywell and Altria.These changes are the first in the 111-year-old stock index since April 8, 2004, when three of the index’s 30 stocks were replaced, according to Dow Jones, which said Monday the moves take effect on Feb. [...]
Posted by admin on February 8th, 2008
The FINANCIAL — London. JPMorgan today announced it has been appointed by the West Midlands Metropolitan Authorities Pension Fund (West Midlands Pension Fund) to provide currency hedging for the £7.9 billion funds non-UK assets.
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The Foreign Exchange and Rates (FX %26amp; Rates) division of JPMorgans investment bank will provide [...]
Posted by admin on February 3rd, 2008
So the housing downturn and mortgage crisis that threatens the U.S. economy has indirectly bolstered Hong Kong property.
Monthly transactions for mass market housing in the final three months of last year were on average 63 percent higher than in the rest of 2007, hitting their highest level for a decade.
Hong Kong mortgage rates are now [...]
Posted by admin on February 1st, 2008
The FINANCIAL — Bank of America Mid-Atlantic Commercial Region Executive Cindy Flanders today named Charles W. Greenberg middle market executive for Pennsylvania, southern New Jersey and northern Delaware.
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In this role, Greenberg will lead a team of Bank of America middle market bankers in delivering comprehensive financial solutions for [...]
Posted by admin on January 25th, 2008
The FINANCIAL — According to APA-Economics, in January 2008, the new investment services company, Unicapital OJSC, established and 100% owned by Unibank Commercial Bank, began operations in the securities market of Azerbaijan.
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The authorized capital of Unicapital is AZN 200,000. The company has been staffed with the necessary number [...]
Posted by admin on January 17th, 2008
The FINANCIAL — JPMorgan announced on January 14 that it has been selected by AustralianSuper, one of Australias largest superannuation funds with over 1.3 million members, to provide private equity fund administration and reporting services.
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The mandate represents the first private equity outsourcing agreement with a superannuation fund in Australia, the fourth largest pension market in [...]
Posted by admin on January 17th, 2008
The FINANCIAL — Deutsche Bank Private Wealth Management (PWM)Â on January 14Â announced that Ed Lok has joined the firms US Private Bank as a Managing Director and Private Banker and will work with high-net-worth individuals and families in the San Francisco Bay Area.
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According to Deutsche Bank, he will report [...]