| World stocks fall on financial shares, oil drops (Reuters via Yahoo! News) | World stocks edged lower on Friday, getting no relief from a decline in crude prices as concerns of further banking write-downs weighed on financial shares. |  |  | | Fortes Financial launches independent mortgage banking enterprise (Banking Business Review) | US-based Fortes Financial has launched Fortes Residential Mortgage, its nationwide independent mortgage banking enterprise. | | | | (AFX UK Focus) 2008-07-04 15:16 German shares extend losses in afternoon deals, led by banking stocks (Interactive Investor) | FRANKFURT (Thomson Financial) - German shares extended losses in afternoon deals, dragged lower by banking stocks after Goldman Sachs said the European banking industry may be in need of up to 90 billion euros in fresh capital. | | | | More writedowns add to financial woes at UBS bank (Yorkshire Post Today) | Swiss banking giant UBS yesterday said it would at best break even in second-quarter results as financial turmoil continues to rock the firm. (04/07/2008 21:06:38) | | | | JP Morgan to cut 10 pct of European investment banking jobs by Q3 - report (Sharewatch) | LONDON (Thomson Financial) - JPMorgan Chase & Co is expected to complete a reduction of up to 10 percent of its investment banking workforce in Europe during the third quarter of this year, the Financial Times reported Friday. | | | | Italian banking group UniCredit is understood to be close to agreeing the acquisition of NewSmith Financial Products, ... (eFinancial News) | Italian banking group UniCredit is understood to be close to agreeing the acquisition of NewSmith Financial Products, an independent debt advisory business which is part of London-based financial services firm NewSmith Capital Partners. | | | | TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST (Sharewatch) | Sharewatch Ltd T/A Sharewatch.com is a multi-agency intermediary regulated by the Financial Regulator. | | | | Chinese multinationals ready to buy global brands, financial banks, leadership? (cmi valparaíso) | Watch out on exploding China and Asia century! Discover what is really inside Chinese and Asian stock market, multinationals, banking, yuan, insurance, management, and politics. | | | | Banking on Europe (Forbes) | Looking to cash in on a banking recovery? Europe may be just the place. | | | | Ghana: Minister Commends Banking Industry (AllAfrica.com) | The Minister of State, at the Ministry of Finance and Economic Planning, Dr. Anthony Akoto Osei, has commended the banking industry for the role it played towards the success story of the economy. | | | |