Finance

February 13, 2008 -- U.S. Treasurer Anna Escobedo Cabral will host Mexican Finance Secretary Agustín Carstens and other Latin American leaders this week for a two-day Workshop on Financial Inclusion, building on Secretary Henry Paulson's initiative to improve Latin Americans' access to basic financial services announced in a June 2007 speech.    » read more »

February 11, 2008 -- GAO is required to annually audit the financial statements of the Deposit Insurance Fund (DIF) and FSLIC Resolution Fund (FRF), which are administered by the Federal Deposit Insurance Corporation (FDIC). GAO is responsible for obtaining reasonable assurance about whether FDIC's financial statements for DIF and FRF are presented fairly in all material respects, in conformity with U.S. generally accepted accounting principles, and whether FDIC maintained effective internal control over financial reporting and compliance with laws and regulations.    » read more »

Under Secretary Robert K. Steel Remarks on Housing before the American Securitization Forum

February 5, 2008, Las Vegas - Treasury Under Secretary Robert K. Steel: Thank you for that kind introduction. And to all of you gathered here this morning, thank you for welcoming me. It is my pleasure to represent the Treasury Department today at this prestigious conference.    » read more »

Prepared Statement by Treasury Under Secretary David H. McCormick in Advance of Meeting of the G-7 Finance Ministers and Central Bank Governors

30 January 2008 -- The board of the French bank Societe Generale has decided to keep chairman Daniel Bouton in his post despite increasing pressure for his resignation following a $7 billion trading scandal at the institution.

The board of directors announced the unanimous decision after crisis talks Wednesday. The board had called the meeting to discuss a strategy to avoid further upheaval that could lead to a hostile takeover of the bank.    » read more »

24 January 2008 -- Economic policymakers attending the World Economic Forum in Davos express optimism the recent turmoil on global financial markets does not portend wider economic doom. But bankers and business executives are not as confident.

With the financial markets stabilizing after a roller-coaster ride earlier this week, the talk at the World Economic Forum is more relaxed. There appears to be little sense of panic or impending catastrophe.    » read more »

Sustained growth requires enhanced economic policy coordination

17 October 2007 -- Washington -- The finance ministers and central bank governors from the Group of Seven (G7) countries must address a growing credit crisis and other challenges that experts say could cause a downturn in the global economy.

Those officials are scheduled to meet in Washington on the eve of the International Monetary Fund and World Bank sessions October 19-20. The G7 comprises Canada, Germany, France, Italy, Japan, the United Kingdom and the United States.    » read more »

LONDON – (27 September 2007) Bank of America has announced the appointment of Tarek Mahmoud as head of Global Markets Institutional Sales for Europe, the Middle East and Africa (EMEA). Mahmoud will join the company on 8 October and be based in London. He will report jointly to Jonathan Moulds, President, EMEA and Asia and to Mike Meyer, head of Global Markets Institutional Sales.    » read more »

Budget Director Says Turbulence in the Financial Markets Will Require Difficult Choices in Next Year’s Budget, Governor Directs State Agencies to Scrutinize Hiring and Spending

September 20, 2007 -- In remarks delivered today at a forum on budget reform sponsored by the Citizens Budget Commission and hosted by the Rockefeller Institute, New York State Budget Director Paul Francis said recent turbulence in the financial markets is among the emerging risks demanding fiscal prudence in approaching the 2008-2009, for which there already is a projected $3.6 billion gap.    » read more »

IBM BladeCenter Powered by Cell Broadband Engine(TM) and Red Hat Enterprise Linux Advanced Platform Provides Breakthrough Algorithmic Performance

September 17, 2007, New York, N.Y. — Wachovia Wealth Management has been recognized by Private Asset Management, a publication of Institutional Investor, Inc., as the 2007 High Net Worth Leader of the Year. The award recognizes Wachovia Wealth Management for its westward expansion and for creating a national platform with three distinct channels to serve the affluent, high net worth and ultra high net worth segments.    » read more »

MCLEAN, Va. (BUSINESS WIRE) Sept. 18, 2007 -- On Thursday, October 18, 2007, at approximately 4:05 p.m. Eastern time, Capital One Financial Corporation (NYSE:COF) will release its third quarter 2007 earnings results. Additionally, the company will host a conference call at 5:00 p.m. Eastern time to review its financial and operating performance for the quarter ending September 30, 2007.    » read more »

Company Posts 41 Percent Year-Over-Year Revenue Growth

SAN JOSE, Calif., September 17, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its third quarter of fiscal 2007 ended August 31, 2007. Adobe achieved record revenue of $851.7 million, compared to $602.2 million reported for the third quarter of fiscal 2006 and $745.6 million reported in the second quarter of fiscal 2007. This represents 41 percent year-over-year revenue growth. Adobe’s third quarter revenue target range was $760 to $800 million.    » read more »

For Third Consecutive Year, Citi Wins Majority of Internet Bank Awards in Asia

August 28, 2007, Singapore/Hong Kong – Citi has picked up the majority of awards for the World's Best Internet Banks in Asia Pacific from Global Finance magazine. This is the third year in a row that Citi has dominated the Global Finance magazine awards in Asia Pacific, underscoring Citi's continued commitment to invest in technology to meet the evolving needs of its clients.    » read more »

NEW YORK, NY – August 28, 2007, The Goldman Sachs Group, Inc. (NYSE: GS) plans to announce its third quarter 2007 financial results on Thursday, September 20th in a release that will be issued at approximately 8:30 am (ET). The press release will also be available on the firm's Web site.

A conference call to discuss the firm's results, outlook and related matters, will be held at 11:00 am (ET). The call will be open to the public.    » read more »