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How will JPMorgan's $2B loss affect banking rules?
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.JPMorgan's misstep gives advocates of stronger regulation an opening to argue that regulators should toughen their approach.The Obama administration has argued that it went as hard
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.JPMorgan's misstep gives advocates of stronger regulation an opening to argue that regulators should toughen their approach.The Obama administration has argued that it went as hard
UPDATE 1-Macquarie, UOB place bids for ING Asia arm-sources
* ING's Asian asset management oversees about $56.1 billion
* ING's Asian asset management oversees about $56.1 billion
UOB, Macquarie among bids for ING Asia division-sources
HONG KONG, May 15 (Reuters) - Singapore's United Overseas Bank and Australia's Macquarie Group are among the suitors to submit first-round bids for ING's Asia asset management business in a deal
HONG KONG, May 15 (Reuters) - Singapore's United Overseas Bank and Australia's Macquarie Group are among the suitors to submit first-round bids for ING's Asia asset management business in a deal
Moody's downgrades India private banks
Credit ratings agency Moody's on Monday downgraded the India's top three private sector lenders ICICI Bank, HDFC Bank and Axis Bank to D+ from C-.
Credit ratings agency Moody's on Monday downgraded the India's top three private sector lenders ICICI Bank, HDFC Bank and Axis Bank to D+ from C-.
Moody's downgrades LIC, three banks
Global rating agency Moody’s on Monday downgraded Life Insurance Corporation of India’s (LIC) foreign currency insurance financial strength rating from Baa2 to Baa3. The rating outlook
Future Generali India Insurance grows 53%
Kolkata, May 14 (IBNS) Future Generali India Insurance Company Ltd, the general insurance joint venture between Future Group of India and Generali of Italy, has registered a 53% growth of its gross written premium-significantly higher than the industry average, in the company's fourth full year of operations ending 31st March 2012.
Kolkata, May 14 (IBNS) Future Generali India Insurance Company Ltd, the general insurance joint venture between Future Group of India and Generali of Italy, has registered a 53% growth of its gross written premium-significantly higher than the industry average, in the company's fourth full year of operations ending 31st March 2012.
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