The Federal Reserve has granted a request by American Express Co. to become a bank holding company, opening the door for the credit card giant to accept deposits and permanently access financing from the Fed.
Chen Ying, deputy director for Software Department of the Ministry of Industry and Information Although the global financial crisis has not yet subsided, China's software and services industry are seeing more than 20 percent growth in the first half of 2009, Chen Ying, deputy director for Softwar...
The Chongqing 鈥� Hongkong cooperation will step into a new start because of the service and trade partnership despite the financial crisis, said Lin Tianfu, President of Hongkong Trade Development Council on Oct. 22 afternoon.
KUALA LUMPUR, Nov 5 - The Islamic Financial Services Board plans to draw up guidelines to help sharia banks manage liquidity risks, its secretary-general said, as the industry looks to beef up regulation after the...
By Zhao Qian As many traditional industries struggle to make it through the financial crisis, the electronic online payment service industry has been taking off and finding new ways to grow, analysts said Tuesday. "More people are shopping online to save money due to the financial downturn, so t...
There is an ongoing debate in the financial services industry about the usefulness of variable annuities and the purpose they serve in an individual's financial portfolio. Many feel that variable annuities are not suitable for the majority of investors, especially since the financial benefits are often eroded by fees and penalties. However, some added features may make a variable annuity suitable for certain investors, depending on the investor's financial profile and retirement horizon. In this article,
PITTSBURGH, Sept 25 - Group of 20 leaders on Friday instructed the International Monetary Fund to determine ways that the financial services industry could help pay for the cost of bailing it out when problems...
SYDNEY, Sept 25 - The Australian Prudential Regulation Authority (APRA), which oversees the financial services industry, submitted a discussion paper in September on bank liquidity. It suggests that Australia's banks need to own more government...
* Co-founder Rubenstein sees more IPOs from Carlyle co's * Sees private equity industry growth in couple of years * Still investment opportunities in financial services * Also opportunities in alternative energy, China * No...
LONDON, Aug 5 - Britain's financial watchdog and the UK Treasury met oil industry representatives on Wednesday to discuss market transparency and regulation but issued no statement after the encounter. The UK Financial Services Authority...