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Axis Bank plans asset management company in joint venture (Calcutta News)
Private lender Axis Bank Monday said it may enter into a joint venture agreement with the Geneva-based private banking group LCF Rothschild to form an asset management company.
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Beyond the Current Turmoil: The Future Shape of Global Finance (UK Financial Services Authority)
Our title is ‘Beyond the Current Turmoil: The Future Shape of Global Finance’ and like, I suspect, many speakers this weekend, I have had to rewrite my speech several times over the last two weeks.
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13-10-2008: Asian Finance Bank identifies GCC companies to invest in M’sia (The Edge Daily)
KUALA LUMPUR: Asian Finance Bank Bhd has identified companies from Gulf Cooperation Council (GCC) countries interested in investing in Malaysia, its chief executive Datuk Mohamed Azahari Kamil said.
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How to capitalise the banks and save finance (Financial Times)
Now that Hank Paulson has recognised that the troubled asset relief programme is best used to recapitalise the banking system, it is important to spell out exactly how it should be done.
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Gulf Resources Announces Resignation of Kevin J. McEnery as Managing Director - Finance (Business Wire via Yahoo! Finance)
NEW YORK & SHANDONG PROVINCE, China----Gulf Resources, Inc. , a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced the resignation of its Managing Director - Finance, Kevin J.
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G7 agree to 'aggressive action plan' to fight crisis, but no specific actions (USA Today)
Finance officials from the world's top economic powers pledged Friday to take all action necessary to stem the worst financial crisis in more than a half-century.
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Crisis Is Milder Outside Finance (New York Times)
With everyone trying hard to keep a depression away, the authorities ought to be able to win the monetary battle in relatively short order.
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GE profit drop as expected, finance unit a drag (Washington Post)
BOSTON (Reuters) - General Electric Co (GE.N) reported a drop in quarterly profit that matched its recent warning to Wall Street, and the U.S. conglomerate said the global credit crunch and slumping economies would continue to take a toll on its hefty finance arm.
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Japanese government to stop selling bank stakes: report (AFP via Yahoo! News)
The Japanese government and central bank are to stop selling their two-trillion-yen (20-billion-dollar) stake in domestic banks to avoid putting further pressure on finance stocks, a report said Monday.
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Third Party Finance of Claims. (Mondaq)
The assignment of a partial interest in a claim to an owner of capital is a risk-sharing device, where part of the potential award from a lawsuit is exchanged for money or services.
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