Banking Sector

Postbank earnings slide on subprime writedowns

Frankfurt - Leading German retail bank Postbank AG reported Thursday a 19-per-cent drop in first-quarter earnings as a result of writedowns linked to the US subprime mortgage market crisis.

HVB bank slumps into first-quarter loss

Munich - HVB BankGermany's HVB banking group said Thursday it had slum

Bank Austria Q1 net profits drop by 23 per cent

Vienna - Bank AustriaAustria's largest bank, Bank Aust

HSBC admits the loss of data of 159,000 accounts in Hong Kong

Hong Kong -HSBC Banking giant HSBC was on Thursday u

Union Bank of India registers 2.28 times increase in Q4 Net Profit

Union Bank of India

Austrian government names new central bank chief

Vienna  -  Former BAWAG bank chief Ewald Nowotny will become new head of the country's central bank, Chancellor Alfred Gusenbauer confirmed after a cabinet meeting on Wednesday.

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