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.
London - Britain's Lloyd's Bank Tuesday revealed additional credit crunch losses of 387 million pounds (774 million dollars), taking its total exposure so far to over 667 million pounds.
Zurich - Swiss banking group UBS reported Tuesday it lost 11.53 billion francs (10.96 billion dollars) in the first quarter of 2008, as the bank felt the effects of the international financial mar
Frankfurt - Commerzbank, Germany's second-largest bank, said Wednesday its profits had halved in
The Asian Development Bank said Wednesday that it was al
