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Bank of England Gov Warns of Energy Prices Bank of England Governor Mervyn King said Tuesday that high energy prices present a major risk to the British economy and that rises over the past year could have already eroded supply capacity. 28 Mar 2006
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State Bank of India to reduce holding in subsidiary banks India's largest public sector bank, the State Bank of India (SBI), has announced its plans to reduce its holdings in subsidiary banks through share sales to the public after the Parliament amends an act to that effect. 27 Mar 2006
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Legal Fees Rack Up for Delta, Northwest As Delta and Northwest press employees to take deep pay and benefit cuts, their lawyers and consultants are asking bankruptcy court judges to approve $59 million in fees and expenses for 3 1/2 to 4 1/2 months of work. 27 Mar 2006
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India's Banks Not Worried About Rival Rush Foreign investment banks may be piling into India to advise the companies looking for overseas expansion or fundraising, but the country's domestic banks aren't worried. 25 Mar 2006
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SEC Overturns Ban Against Former Banker Federal regulators overturned a lifetime ban from the securities industry against former star technology banker Frank Quattrone on Friday, four days after his conviction on charges of obstructing justice was thrown out by a federal appeals court. 24 Mar 2006
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Ortiz: Mexico Banks Lack Competition Bank of Mexico Governor Guillermo Ortiz said Friday that the country's banks seem to be profiting from insufficient competition. 24 Mar 2006
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Wal-Mart Changes Bank Application Wal-Mart Stores Inc., facing broad opposition at April regulatory hearings on its plan to open an in-house bank, is changing its application and will now comply with federal rules that require lenders to serve low and moderate-income clients. 24 Mar 2006
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Bank of America, China Bank Cut ATM Fees Bank of America Corp. has reached a deal with a Chinese bank to offer both of their customers free ATM access while they're traveling abroad. 22 Mar 2006
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Kookmin Bank: Preferred Bidder for Bank Kookmin Bank, South Korea's top lender by assets, confirmed Thursday it has been named the preferred bidder for a controlling stake in Korea Exchange Bank, the country's fifth largest bank. 22 Mar 2006
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Citigroup Board Chooses Prince As Chairman Citigroup Inc.'s board on Tuesday announced that it has selected Chief Executive Officer Charles Prince to succeed Sanford I. Weill as chairman when he retires April 18 at the annual meeting of the nation's largest financial institution. 21 Mar 2006
