Thema: Business- und Bankenglisch

17. Okt 2007   

New York – The Board of Directors of Citigroup (NYSE: C) has declared a quarterly dividend on the company’s common stock of 54 cents per share, payable on November 21, 2007, to stockholders of record on November 5, 2007.

Verfasst von  A.Schuetz

15. Okt 2007   

ING Group has reached agreement with ABN AMRO to purchase 28,843,989 depository receipts for "A" preference shares of ING Group. The transaction will be conducted in two tranches. The first tranche consists of 18,843,989 shares, to be purchased at a price of EUR 3.65 per share to be completed on 15 October 2007. The second tranche of 10,000,000 shares will be purchased at a price of EUR 3.68 per share on 24 December 2007. The second tranche is subject to the condition that ING does not breach its 10 pct limit of its share capital on its own books, which condition has to be fulfilled before 15 January 2008. Following the repurchase of each tranche, the preference shares will be cancelled.

The repurchase of preference shares was authorised by the General Meeting of Shareholders of ING on 24 April 2007 and the prices agreed are within the limit set. This transaction follows similar purchases from Aegon in 2006 and Fortis earlier this year.

The transaction will have no significant impact on ING Group's earnings or key ratios and will not impact the ongoing share buyback programme for ordinary ING shares.

Verfasst von  A.Schuetz

12. Okt 2007   

Vikram Pandit to Lead New Group, Comprising Markets & Banking and Alternative Investments

New York -- Citi announced today the appointment of Vikram Pandit, 50, as Chairman and CEO of the newly formed Institutional Clients Group comprising Citi Markets & Banking (CMB) and Citi Alternative Investments (CAI). He will continue to report to the Office of the Chairman. Pandit, who retains his title as Chairman of CAI, remains a member of Citi's Business Heads, Operating and Management committees. The appointment is effective immediately.

Michael Klein continues as

Verfasst von  A.Schuetz

    weiterlesen... 'Citi Forms Institutional Clients Group'

11. Okt 2007   

Alain Deschênes - Chief Operating Officer, Camille Fohl - CEO Retail Banking
Karel De Boeck nominated as Vice Chairman to the Managing Board of ABN AMRO

Fortis has appointed Alain Deschênes and Camille Fohl members of the Executive Committee (ExCo), Fortis's highest managing body, with effect from 1 January 2008. Alain Deschênes, who has been Fortis's Chief Information Officer since February 2005, will become Chief Operating Officer (COO). Camille Fohl, CEO of Fortis Commercial Banking since 2005, will become CEO of Retail Banking. Karel de Boeck, current Chief Risk Officer, has been nominated as Vice Chairman to the Managing Board of ABN AMRO.

"We welcome Alain and Camille to the ExCo," says Fortis CEO Jean-Paul Votron. "They have both demonstrated a performance-driven, client-oriented and innovative approach towards their business and their international experience will definitely benefit our team."
"I am also pleased to announce that one of our Exco members Karel de Boeck, currently our Chief Risk Officer, has been nominated to the Managing Board of ABN AMRO as Vice Chairman. He will be in charge of the transition process at ABN AMRO and, as such, will lead the Transitional Management Committee." Karel de Boeck's current responsibilities will be re-assigned in due course.

Verfasst von  A.Schuetz

01. Okt 2007   

Intended to Further Strengthen Comprehensive Strategic Alliance

Tokyo -- Citi announced today that it has reached an agreement with Nikko Cordial Corporation to acquire all issued shares of Nikko Cordial that Citi does not already own in exchange for shares of Citigroup Inc. Under the terms of the agreement, Nikko Cordial's minority shareholders will be entitled to receive Citigroup shares with an expected value at the time the exchange ratio is determined of ¥1,700 per Nikko Cordial share.

Citi said that its agreement with Nikko Cordial regarding the share exchange was signed today following approval by the boards of directors of Citigroup Inc. and Nikko Cordial Corporation.

Following completion of the share

Verfasst von  A.Schuetz

    weiterlesen... 'Citi to Acquire Remaining Public Stake in Nikko Cordial Through Share Exchange'