MALAYSIA PRESS-CIMB courts HSBC Amanah chief to lead Islamic banking arm -The Edge Financial Daily + MORE

[Buzz_Burner_Fresh_Updates] MALAYSIA PRESS-CIMB courts HSBC Amanah chief to lead Islamic banking arm -The Edge Financial Daily – reuters.com CIMB Group Holdings is expected to hire Rafe Haneef, who presently heads HSBC Amanah Malaysia Bhd, to lead its Islamic banking arm following the resignation of Badlisyah Abdul Ghani in July, The Edge Financial Daily reported on […]

Fitch Affirms Central Pacific at 'BB+'; Outlook Revised to Positive + MORE

[Buzz_Burner_Fresh_Updates] Fitch Affirms Central Pacific at 'BB+'; Outlook Revised to Positive – reuters.com (The following statement was released by the rating agency) CHICAGO, September 21 (Fitch) Fitch Ratings affirmed Central Pacific Financial Corp’s (CPF) long-term Issuer Default Rating (LT IDR) and Viability Rating (VR) at ‘BB+/bb+’ today following the review of its Community Bank Peer […]

Zurich likely to hit lower end of target, still eyes acquisitions

[Buzz_Burner_Fresh_Updates] Zurich likely to hit lower end of target, still eyes acquisitions – reuters.com ZURICH, Sept 21 (Reuters) – Zurich Insurance will likely hit the lower end of its mid-term financial targets and remains on the lookout for acquisitions, it said on Monday after abandoning a bid for British insurer RSA amid losses from an […]

Verizon completes the deal to buy AOL for $4.4B

[Buzz_Burner_Fresh_Updates] Verizon completes the deal to buy AOL for $4.4B – vator.tv Tim Armstrong will stay with the company, but the fate of AOL’s other properties remains unclearWell, that was kind of fast, wasn’t it? I expected he deal for Verizon to buy AOL, which was first announced in mid-May, to take a while to finalize, at […]

Germany to cut public debt below 70 pct/GDP next year – finmin document + MORE

[Buzz_Burner_Fresh_Updates] Germany to cut public debt below 70 pct/GDP next year – finmin document – reuters.com BERLIN, April 10 (Reuters) – Germany is cutting its public debt faster than expected, with Berlin now aiming to reduce its debt to less than 70 percent of its economic output next year, according to an excerpt of a […]

Fitch Affirms New York Community's Ratings at 'BBB+'; Outlook Stable + MORE

[Buzz_Burner_Fresh_Updates] Fitch Affirms Astoria Fin'l's IDRs at 'BBB-'/'F3' Following Peer Review; Outlook Stable – reuters.com (The following statement was released by the rating agency) NEW YORK, April 07 (Fitch) Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings (IDRs) of Astoria Financial Corporation and its principal banking subsidiary, Astoria Bank, at ‘BBB-‘/’F3’. The […]