Financial Services



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Japan regional banks reported to seek public funds

Eight Japanese regional banks are reportedly preparing to apply for capital injections from the government, offering the latest sign that fallout from the global financial crisis is still spreading through regional economies.

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US clampdown deters bank bids, says Advent

Advent, which has spent $7.6bn on 16 financial services deals in the past four years, considered bidding for US banks but decided the regulatory hurdles were too high

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V. Phani Kumar's This Week in India: Balancing act for Pranab Mukherjee

Indian Finance Minister Pranab Mukherjee must balance fiscal constraints with the need for major spending stimulus when he delivers his budget speech this week. Analysts also expect some help for agriculture and key financial-sector reforms.

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CBI calls for 'alternative to redundancies'

The CBI is urging the government to adopt an "alternative to redundancy" scheme this autumn that it said could stem job losses as unemployment heads towards three million

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Eurex and ICE lead clearing race after Liffe setback

Eurex Clearing and the IntercontinentalExchange are front-runners in the race to establish central clearing for much of the OTC derivatives markets

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Saudi fund eyes $1bn UK real estate deal

An investment manager part-owned by the Saudi royal family is planning to invest a chunk of its assets in UK and US commercial property, according to Prince Faisal bin Salman bin Abdulaziz, its chairman

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Canary Wharf to be casualty of Nomura shift to City

Nomura is in exclusive talks to move its UK business, including teams acquired from Lehman Brothers, into an office development in the City of London

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Madoff lawyer says he would do it all again

Ira Sorkin, the man who defended Bernard Madoff would not hesitate to do it again, in spite of having been the target of death threats

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Private equity deals are 'not riskier', study finds

Academic research has cast doubt on the link between private equity ownership and a higher failure rate for companies, in a finding that could be useful in the buy-out industry's battle against proposed regulation

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Banks spending more to cut risks

Banks are continuing to increase their investment in managing risk even as they look to slash costs, according to research that paints a cautious picture of the global economic outlook

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Chuck Jaffe: New funds may be little more than a sales pitch

Every now and again, a mutual-fund firm comes out with an old idea, creating a product that overlaps its line-up. The new fund always sounds promising, but investors should wonder if the new issue is as good an idea for customers as it is for the managers.

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Capitol Report: Second-half recovery suddenly not a sure thing

Even though the second half has actually arrived, the curtain on an economic recovery has so far remained down and questions are being raised on whether it will go up at all.

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Engage Launch Fun Website With Plans To 'Start Them Young'

The website seeks to promote a better understanding of money and introduce the concept of saving among four to seven year olds across the UK. Designed by educational specialists and the UK's Association of Mutual Insurers (AMI), it combines a range of educational games, co-ordinated lesson plans for teachers developed in line with the national curriculum, and accompanying activities that can be enjoyed...

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Economic Preview: Trade moves from friend to foe of growth

Believe it or not, the trade sector has helped make the recession less severe. All that is expected to begin to change this week as the trade gap is expected to weigh on growth going forward.

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Comfort Zone Investing: Survival of the fittest -- letting some banks fail

Filed under: Citigroup Inc. (C) , Bank of America (BAC) , Comfort Zone Investing Bank failures are good. They get rid of banks that are mismanaged and have no business being in banking. Bad management at many banks made lots of bad loans and deserve to go under. The biggest example was Washington Mutual. And Countrywide belongs in there as well. Of course, there are a large number of smaller, community...

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Advantages Of Debt Elimination Programs

Debt Elimination and settlement programs ensure many benefits ranging from reduction of your outstanding dues to credit re-assessment. Successful negotiations, credit card debt elimination and settlement lead to benefits such as : Saving money by paying less interest The negotiations include a reduction in your total outstanding amount. Since the amount gets reduced, its associated interest also lowers...

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ISR News: Avivah Litan Says “Visa’s next…”

Now, with 3 processor/acquirer breaches in 3 months, it appears she’s the Nostradamus of the financial transaction world. So when one of her “quatrains” predict that “Visa’s next…

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Rapadev announces ProcessAway - iPhone Credit Card Processing

Rapadev today announces ProcessAway for iPhone and iPod Touch. ProcessAway allows mobile merchants the ability perform credit card charges on their device. Submit charges, captures, holds and voids. Full transaction log and extensive database functions. ProcessAway works over any available network connection, offering the convenience of accepting credit cards on the spot and the confidence of getting...