HSBC overtakes rival Citigroup as biggest bank after assets rise

Article Abstract:

HSBC Holdings PLC of the United Kingdom has increased its market share to overtake rival Citigroup Inc. of the United States. Assets at the British banking group are valued at $1.74 trillion. Assets at the American banking group are valued at $1.63 trillion.

Market share, Capital funds & cash flow, HSBC Holdings PLC, Valuation, Company market share, Industry overview

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Citigroup agrees to buy 20 percent stake in Turkish Bank

Article Abstract:

Citigroup Inc. of the United States is to purchase a 20 percent stake in Akbank of Turkey for $3.1 billion. Citigroup Inc. is growing into international emerging markets. Akbank Tas is one of the largest lenders in Turkey.

Company investment, Investments, Turkey, Akbank Tas

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Subprime woes touch a U.K. public fund, opening up the game

Article Abstract:

Shares of UK's Queen's Walk Investment Ltd. have dropped 39% due to poor performance of British mortgage bonds and risks incurred from US asset-backed securities, known as residual or first loss securities.

Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Economic aspects, Mortgage-backed securities, Mortgage backed securities, Subprime loans

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