giant

The Belgian prime minister says French banking giant BNP Paribas will take a majority 75 percent share of troubled bank Fortis NV.

The announcement of several corporates moving their domicile residence abroad again raised the issue of the UK losing many big British businesses due to its uncompetitive corporate tax system.

The giant pan-European lender declared that it was well capitalized and was being damaged by market speculation as the Italian stock exchange operator suspended trading in its shares.

European financial giant Fortis partially nationalized. Three governments to pour 11.2 billion euro ($16.4 billion) into the bank.

Britain' Press Association says Spanish banking giant Santander is taking over British mortgage lender Bradford & Bingley's retail deposits and branch network.

Banking giant HSBC Holdings PLC is cutting 1,100 jobs worldwide in the wake of the financial turmoil, a spokesman said Friday.

Banking giant HSBC Holdings PLC is cutting 1,100 jobs worldwide in the wake of the financial turmoil, a spokesman said Friday.

Florida’s plan to buy one of the state’s two large sugar enterprises may be a boon to the remaining sugar giant.

Irish beer giant Guinness is going back to its country roots.

Advisers poring over the books of Fannie Mae and Freddie Mac concluded that Freddie’s accounting methods had overstated its cushion, officials said.