Index.php

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Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010.
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EU foreign ministers have imposed a travel ban and asset freeze on the UK-born wife of Syrian leader Bashar al-Assad and other family members, diplomats say.
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It signals continued recovery for the US' second biggest lender.
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Asma al-Assad is among 12 people added to the sanctions list, which already includes her husband.
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For the full year, the company reported net profits of $1.4bn compared with a net loss of $2.2bn in 2010.
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The ban cannot stop her from travelling to the UK, British officials say.
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Meanwhile Morgan Stanley, the world's largest broker, reported a fourth-quarter loss of $250m compared with a profit of $836m a year earlier.
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Anti-government activists accuse the regime of killing thousands of protesters over the past year.
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Despite the loss, the results at Morgan Stanley beat analysts' expectations since it was able to increase its share of the equity trading market in the period.
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In recent weeks, the Damascus government has stepped up its efforts to crush pockets of rebellion in cities including Homs and Hama.
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For the full year, Morgan Stanley said its net revenues were $32.4bn compared with $31.4bn in 2010.
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Russia and China have vetoed two UN Security Council resolutions on Syria for fear that intervention could lead to regime change, as happened in Libya last year.
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Recent results from American banks have been mixed with Goldman Sachs announcing on Wednesday that it made 47% less in profits than in 2010 whilst Citigroup posted a 6% rise on the previous year.
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Mr Assad has promised political reform, but observers and his opponents have dismissed his plans as window-dressing.
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Bank of America chief executive Brian Moynihan said: "We enter 2012 stronger and more efficient after two years of simplifying and streamlining our company."
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The BBC's Chris Morris in Brussels says for years there was a perception that Mrs Assad's Western upbringing could encourage reform in Syria.
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"Reflecting a gradually improving economy," continued Mr Moynihan, "we saw solid business activity by companies of all sizes, with commercial and industrial loan balances rising."
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The 36-year-old, who is of Syrian descent, was born in the UK and spent much of her life in west London. The UK Border Agency has confirmed that Mrs Assad is British.
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Bank of America was one of the worst performers on Dow Jones Industrial Average index of leading companies in 2011, losing 58% of its share value over the year.
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"British citizens subject to EU travel bans cannot be refused entry to the UK," a spokesman said.
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The lender has been hit by lingering concerns about bad mortgage loans on its books in the wake of the 2008 sub-prime crisis when it was bailed out by the US government.
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Mrs Assad, who worked as an investment banker in the City of London before her marriage in 2000, has generally played a low-key role in the regime.
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The bank has been building up its reserves, known as Tier 1 capital, to protect itself against the risk of further bad loans.
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The BBC's Caroline Hawley looks at Asma Assad's UK roots
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"Our fourth-quarter results reflect the aggressive steps we have been taking to strengthen the balance sheet and position the company for long-term growth," said chief financial officer Bruce Thompson in a statement.
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However, in February she wrote to Britain's Times newspaper to explain why she thought her husband was still the right man to lead Syria.
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"During the quarter, we significantly increased capital and liquidity. For 2012, our focus is to continue to build capital and liquidity and manage expenses."
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Other members of Mr Assad's family have also been added to the sanctions list. The AFP news agency says these include Mr Assad's mother, sister and sister-in-law.

Revision as of 22:55, 12 October 2012

EU foreign ministers have imposed a travel ban and asset freeze on the UK-born wife of Syrian leader Bashar al-Assad and other family members, diplomats say.

Asma al-Assad is among 12 people added to the sanctions list, which already includes her husband.

The ban cannot stop her from travelling to the UK, British officials say.

Anti-government activists accuse the regime of killing thousands of protesters over the past year.

In recent weeks, the Damascus government has stepped up its efforts to crush pockets of rebellion in cities including Homs and Hama.

Russia and China have vetoed two UN Security Council resolutions on Syria for fear that intervention could lead to regime change, as happened in Libya last year.

Mr Assad has promised political reform, but observers and his opponents have dismissed his plans as window-dressing.

The BBC's Chris Morris in Brussels says for years there was a perception that Mrs Assad's Western upbringing could encourage reform in Syria.

The 36-year-old, who is of Syrian descent, was born in the UK and spent much of her life in west London. The UK Border Agency has confirmed that Mrs Assad is British.

"British citizens subject to EU travel bans cannot be refused entry to the UK," a spokesman said.

Mrs Assad, who worked as an investment banker in the City of London before her marriage in 2000, has generally played a low-key role in the regime.

The BBC's Caroline Hawley looks at Asma Assad's UK roots

However, in February she wrote to Britain's Times newspaper to explain why she thought her husband was still the right man to lead Syria.

Other members of Mr Assad's family have also been added to the sanctions list. The AFP news agency says these include Mr Assad's mother, sister and sister-in-law.

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