Phillip Inman
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/ 4 April 2008

Investment bank’s reputation demolished

UBS, one of the world’s largest investment banks, wrecked its reputation as a bastion of financial stability after it admitted this week that losses stemming from the United States sub-prime mortgage crisis had spiralled by £10-billion in the first three months of the year to a total of almost £19-billion.

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/ 30 July 2007

China backs Barclays in ABN buyout battle

United Kingdom high street bank Barclays surprised the City of London last week by announcing an audacious tie-up with the Chinese government to boost its bid for ABN Amro. Barclays tabled a â,¬67,5billion improved cash-and-shares offer for the Dutch bank after it won a pledge from the state-run China Development Bank (CDB) to inject â,¬10,4billion into the merger, should it go ahead.