Tax-News.com: Amongst its discoveries this year of various schemes devised by Italian companies and individuals to evade taxes, the Italian Revenue Agency has now disclosed another in the form of cross-border stock lending.
UBS AG, seeking to boost profits from wealth management in the Americas, hired Jonathan Kessler from Bank of America Corp.?s Merrill Lynch to oversee a push to sell affluent customers more loans and banking products.
WASHINGTON (Reuters) - Senate Republicans on Thursday blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.
LONDON (Reuters) - The International Monetary Fund (IMF) wants to boost its lending resources to $1 trillion from $750 billion in order to prevent future financial crises, the Financial Times said on Monday.
The Chinese government has laid down the law to the country's property and steel industries, and in doing so caused consternation in the stockmarket. & #160;The Shanghai market fell & #160;1.6% yesterday after rising by just under 1% on Monday and & #160;3.7% last week & #160;as investors speculated that the tough controls on property would be relaxed, and access to bank loans improved.
NEW YORK (Reuters) - Morgan Stanley <MS.N> Chairman John Mack said that banks wanting to participate in the initial public offering of General Motors Co <GM.UL> were being asked about lending lines for the ailing U.S. automaker