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BEIJING: China is inviting domestic banks and private and foreign investors to take over the country's most problematic rural credit cooperatives. The China Banking Regulatory Commission (CBRC) said...
Last week's news that July home sales were in the tank sent the Dow Jones industrial average below the 10,000 benchmark over worries the economy is heading toward the second plunge of a double-dip recession....
On the back of sustained consumer demand, excitement on the various new launches and a continued availability of finance at cheap rates, the auto industry has posted a healthy growth in sales for the...
Connecticut Attorney General Richard Blumenthal asked for justification of First Niagara Financial Group Inc.'s planned acquisition of his state's NewAlliance Bancshares Inc., Bloomberg News reports.
Former Wachovia chief executive Bob Steele testified Wednesday on Capitol Hill at a hearing investigating the financial meltdown of 2008. Steele said the feds told him Wachovia posed a systemic risk...
The parent of First Bank of San Luis Obispo and Santa Barbara Bank and Trust is set to announce the latest details this afternoon regarding its sale of the company to Ford Financial. In April, Santa...
A PLAN by the Home Guaranty Corp. (HGC) to sell bonds this year is not likely to push through,with the Finance department closely scrutinizing borrowings by state firms to reduce the burden on the national...
US based insurer Allstate aims to raise the customer experience stakes while providing a niche offering for motorcycle insurance. Targeting this demographic with a specialised online offering has been...
