Downey Savings & Loan Association, Newport Beach and PFF Bank & Trust, Pomona
FOR IMMEDIATE RELEASE
November 21, 2008
U.S. Bank, National Association, Minneapolis, MN, acquired the banking operations, including all the deposits, of Downey Savings and Loan Association, F.A., Newport Beach, CA, and PFF Bank & Trust, Pomona, CA, in a transaction facilitated by the Federal [...]
NEW YORK (Dow Jones)–With its U.S. branch network and retail banking business
greatly expanded, JPMorgan Chase & Co.’s (JPM) future focus might turn abroad.
JPMorgan Chairman and Chief Executive James Dimon stopped well short of declaring
the company’s retail banking expansion in the U.S. complete after the acquisition
of the banking operations of Washington Mutual Inc. (WM) late Thursday.
But [...]
French banks stung by credit-crisis losses
Natixis, Credit Agricole refocus investment banking operations
By Simon Kennedy, MarketWatch
Last Update: 8/28/2008 10:28:00 AM
LONDON (MarketWatch) — France’s third- and fourth-largest banks reported
slumping results from the credit crunch on Thursday, with Credit Agricole
revealing a 94% profit drop and Natixis swinging to a loss of about $1.5 billion.
The weakened results have also [...]
Citi to shutter 32 Japan offices, step up revamp
Downsizes consumer-lending business; eyes new opportunities
By Chris Oliver, MarketWatch
Last Update: 6/6/2008 6:50:00 AM
HONG KONG (MarketWatch) — Citi will restructure its Japanese consumer-finance
business, CFJ K.K., closing 32 offices and 540 automatic teller machines, while
refocusing on new businesses and growth opportunities in other areas of consumer
finance.
The moves are in [...]
UPDATE:Citigroup Considers Sale Of German Citibank Retail Bkg
Last Update: 5/16/2008 11:23:14 AM
(Adds analyst comment.)
FRANKFURT (Dow Jones)–Citigroup Inc. (C) is evaluating the sale of its German
retail bank Citibank Privatkunden AG & Co. KgaA, a spokesman with the German
Citibank unit said Friday.
“Citi CEO Vikram Pandit recently conducted intensive business reviews of all of
our global businesses to optimize [...]
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