Articles by Jon Menon



HSBC Earnings Drop Less Than Estimated

  • 06 March 07
  • Bloomberg
HSBC Holdings, Europe's biggest bank by market value, said second-half profit fell less than analysts estimated after gains in emerging markets made up for an increase in U.S. consumer-loan defaults.

Citigroup Buys Egg for $1.1Bln

  • 30 January 07
  • Bloomberg
Citigroup, the biggest U.S. financial-services company, agreed to buy Prudential's Egg Internet banking unit for £575 million pounds ($1.1 billion), quadrupling its credit card customers in Britain.