Chief Executive Officers (CEOs) of banks in the country yesterday dispelled speculations that following the recent steep fall in stock prices, banks had incurred monumental losses from share purchase loans granted investors.
LaBranche Up As Company Weighs Options
Shares of LaBranche & Co. gained Monday after the stock brokerage said it is pursuing "strategic alternatives." "Strategic alternatives" is a phrase that sometimes means a company is considering selling itself, but could also mean going private, partnering with another company or some other strategy.
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London stock trading halted by computer glitch
The London Stock Exchange, the oldest independent European exchange, said Monday that it was preparing to resume trading after a computer fault had halted dealing.
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