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• • Citigroup hunts Bay State for retail banking space (BizJournals)
  • Mon, 08 May 2006 05:02:30 GMT
  • With a goal of opening 100 new branch locations in the United States this year, a Citigroup Inc. official confirmed this week that the company is scouring Massachusetts to establish its first retail banking offices in the state.
• • Mazander elected head of banking board (Benton Courier)
  • Sat, 06 May 2006 22:53:51 GMT
  • Longtime Benton resident Charles Mazander has been elected chairman of the State Banking Board. Mazander is president of Mazander Engineered Equipment of Little Rock. The company sells and services industrial equipment used in large commercial buildings and in manufacturing and power plants.
• • 81 banking firms suspend Aiful loan tie-ups (Asahi.com)
  • Mon, 08 May 2006 07:38:47 GMT
  • Punished for its excesses, Aiful Corp. is now finding all but one of the financial institutions with which the consumer loan company had ties are distancing themselves, The Asahi Shimbun has found.
• • INVESTMENT BANKING (The Hindu)
  • Sat, 06 May 2006 19:13:56 GMT
  • Update UTI Mutual Fund has renamed UTI Basic Industries Fund as UTI Infrastructure Fund with effect from May 3. All the other terms and features of the scheme will remain unchanged. The name has been changed to effectively convey the objective of ...
• • Update: Wachovia To Acquire Golden West Financial, Nation's Most Admired And 2nd Largest Savings Institution (Boursorama)
  • Mon, 08 May 2006 05:01:34 GMT
  • CHARLOTTE, N.C., May 7 /PRNewswire-FirstCall/ -- Wachovia Corporation and Golden West Financial Corporation , parent of World Savings Bank, said today they have signed a definitive agreement to merge, creating a leading retail banking and mortgage lending franchise in many of the nation's most attractive growth markets.
• • 12 Malaysian Firms In FTSE/Asean 40 Index (Bernama)
  • Mon, 08 May 2006 07:45:29 GMT
  • BANGKOK, May 8 (Bernama) -- Malaysia has the largest number of companies in the FTSE/Asean 40 Index at 12, with its biggest banking group Maybank and utility firm Tenaga Nasional ranked in the top 10.
• • Citigroup May Move 1,500 To Jersey City (The New York Sun)
  • Mon, 08 May 2006 06:44:24 GMT
  • Even as the city tries to lure businesses to Lower Manhattan, one major company may be taking 1,500 of its downtown employees to Jersey City. Citigroup Incorporated is selling the 363,000-square-foot building it owns at 250 West St. and may be moving its Smith Barney investment banking division across the Hudson River, Crain's New York Business is reporting in today's edition. The company is
• • PHILIPPINES BUSINESS BRIEFS: PNB End-March NPL Ratio 27% (Dow Jones News via Yahoo! Australia & NZ Finance)
  • Mon, 08 May 2006 00:23:00 GMT
  • DJ PHILIPPINES BUSINESS BRIEFS: PNB End-March NPL Ratio 27% MANILA (Dow Jones)--Philippine National Bank's (PNB.PH), or PNB, nonperforming loans totaled PHP28.19 billion, or 27%, of its loan portfolio, as of March 31. At the end of 2005, the bank's NPLs accounted for 23% of total lending. The bank's bad-loan ratio is substantially higher than the 8.27% average NPL ratio of the commercial banking
• • The National Investor's net profit jumps 42 per cent to AED 113.1 million (AME Info)
  • Mon, 08 May 2006 04:20:11 GMT
  • Abu Dhabi based The National Investor (TNI), the region's leading investment banking firm, reported yesterday an increase in consolidated revenues of 74 per cent to AED 195.5 Million for the fiscal year ended March 31, 2006.
• • Conversation with a leader (Nashville City Paper)
  • Mon, 08 May 2006 05:22:08 GMT
  • DeVan Ard Jr. is a 25-year banking veteran.