Financial Service NewsFinancial Services news continually updated from thousands of sources around the net.Strong corp pipeline to ensure good credit growth for ICICI- August 13, 2008 Mumbai : The prevailing high interest rate regime might affect ICICI Bank's business growth rate, but its strong corporate portfolio would help ensure a 15-16 per cent overall credit growth, a top bank official ...http://www.topix.net/business/financial-services/2008/08/strong-corp-pipeline-to-ensure-go... Wells Fargo says customer data access stolen- August 13, 2008 Wells Fargo & Co. is notifying some 5,000 people that their personal information might have been seen by someone using a bank access code illegally.http://www.topix.net/business/financial-services/2008/08/wells-fargo-says-customer-data-ac... Federal Budget Deficit Hits $102B In July- August 13, 2008 Aug 12, 2008 6:50 pm USEastern The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.http://www.topix.net/business/financial-services/2008/08/federal-budget-deficit-hits-102b-... Stocks mostly lower amid financial sector concerns- August 12, 2008 Jeffrey Vasquez, right, and fellow traders work on the floor of the New York Stock Exchange after the Federal Reserve interest rate decision, Tuesday Aug.http://www.topix.net/business/financial-services/2008/08/stocks-mostly-lower-amid-financia... Swiss Bank Unveils More Losses- August 12, 2008 Swiss banking giant UBS is to reorganise itself into three units after posting further losses due to the sub-prime mortgage crisis in the US.http://www.topix.net/business/financial-services/2008/08/swiss-bank-unveils-more-losses?fr... UBS logs a loss, takes $5.1-billion writedown- August 12, 2008 Switzerland's largest bank, which also announced further management changes, said its net loss attributable to shareholders for the three months ended June 30 was 358 Swiss francs , compared with a profit of ...http://www.topix.net/business/financial-services/2008/08/ubs-logs-a-loss-takes-5-1-billion... In Focus: The Death Of Bear Stearns- August 12, 2008 Traders bought 1,649 contracts on $1.7million bet; Analysis by Michael McCarty of Meridian Equity Partners; Options specialists say someone tride to ice Bear; Analysis by Alan Schwartz, Former CEO of Bear ...http://www.topix.net/business/financial-services/2008/08/in-focus-the-death-of-bear-stearn... National City stock holds steady after news of SEC probe- August 12, 2008 Trading of National City Corp. shares Monday showed little indication of concern over news of an informal regulatory probe disclosed at the end of last week.http://www.topix.net/business/financial-services/2008/08/national-city-stock-holds-steady-... NY judge tosses out Parmalat claims against banks- August 12, 2008 A federal judge in New York has tossed out shareholder lawsuits alleging Citigroup Inc. and Bank of America Corp. can be blamed for the collapse of Italian food company Parmalat Finanziaria SpA.U.S. District Judge Lewis Kaplan dismissed allegations of wrongdoing against the banks on Monday. He says nothing about Parmalat's public disclosures describes any defendant's conduct, much less conduct that was deceptive.Parmalat makes milk and other dairy products and fruit-based drinks. It filed for...http://www.topix.net/business/financial-services/2008/08/ny-judge-tosses-out-parmalat-clai... Ny Ag expands auction-rate securities probe- August 11, 2008 New York Attorney General Andrew Cuomo said Monday he is expanding his investigation into the collapse of the auction-rate securities market to include JPMorgan Chase & Co., Morgan Stanley and Wachovia Corp.http://www.topix.net/business/financial-services/2008/08/ny-ag-expands-auction-rate-securi... |