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Q3 Numbers: Merrill Lynch Reports $5.2B Losses, Citigroup Posts $2.8B
Citigroup, the biggest US bank by assets reported $2.8 billion (or $0.60 per share) losses in the third quarter, after ......
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UBS Gets $60B, Credit Suisse $8.75B From Qatar Fund, Others
Now it's the turn of Swiss banking giants UBS AG and Credit Suisse Group AG (CS) to get bailed out. While UBS will receive ......
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PE Funded Argentum Motors Buys Majority Stake In French Co. Heuliez
Private equity funded Argentum Motors floated by Hyundai India's former president BVR Subbu,Spicejet promoter Ajay Singh, and broadband entrepreneur Ashish ......
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Class A Shareholders Of Orient-Express Want To Scrap Dual Structure
The battle between the two sets of shareholders of global luxury hospitality chain Orient-Express is entering a new terrain. The ......
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Why won't VCs return my phone call?
Q: We pitched to a venture group 3 times in July and August. They kept telling us that they were ......
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RBI Cuts CRR By 1%, Hikes Interest On NRI Deposits
In a move that would release another Rs 40,000 crore into the Indian banking system, Reserve Bank of India has ......
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Financial Technologies Acquires UK Firm For $22.5 Million
Financial Technologies India Ltd has acquired a 90% stake in UK-based ACE Group for a $22.5 million. The company informed ......
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KKR's Kravis Says Banking Situation Stabilising
This is unusual and a little relieving coming amidst so much of news of turmoil being bombarded all the time. ......
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RBI Rescues Mutual Funds, To Hold Special Auction To Meet Redemptions
The Reserve Bank Of India will hold an additional 14-day money auction to help banks meet the cash requirements of ......
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