Banking Sector

UBS admits mistakes in subprime mortgage crisisb

UBS admits mistakes in subprime mortgage crisisBasel, Switzerland 

Bank of America earnings drop 77 per cent in 1st quarter

United StatesNew York  -  US banking group Bank of America Corp.

Citigroup posts 5.1 billion dollar Q1 loss after massive writedown

New York - US banking giant Citigroup reported Friday it suffered a net loss of 5.11 billion dollars in the first quarter of 2008 after having to write down 12 billion dollars' worth

British bank planning to raise cash from shareholders - reports

London - Royal Bank of ScotlandThe Royal Bank of Scotland (RBS), Britain's

Societe Generale replaces chief three months after fraud scandal

Societe Generale head Daniel BoutonParis - Societe Generale head Dani

Merrill Lynch reports 1.97 billion dollar 1st-quarter loss

New York  -  US financial concern Merrill Lynch reported Thursday it suffered a net loss from continuing operations of 1.97 billion dollars in the first quarter of 2008 in what it called a "challen

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