Bank of America boosts India capital, sees growth Bank of America has injected $83 million into its India operations to boost capital and help it expand in the fast-growing market that has lured global financial firms. 17 Oct 2007
52.
Citigroup net slides 57 percent on writedowns, losses Citigroup Inc said on Monday that third-quarter profit fell 57 percent as losses mounted from subprime and leveraged loans, fixed-income trading and its U.S. consumer business. 17 Oct 2007
ICICI Bank sees wealth business up 70 percent India's No.2 lender, ICICI Bank, expects to sustain 70 percent growth in its private wealth management business this year on the back of rising affluence, a senior official said. 17 Oct 2007
55.
Reliance Retail, Citigroup in finance JV: Report India's Reliance Retail Ltd, a subsidiary of Reliance Industries Ltd, is entering a joint venture with Citigroup for a non-banking finance company in India, the Economic Times paper said on Monday. 16 Oct 2007
56.
Banks to set up $80 bln fund to limit credit crunch Major banks including Citigroup Inc are looking at setting up a roughly $80 billion fund to buy ailing mortgage securities and other assets, in a bid to prevent the credit crunch from further hurting the global economy, sources familiar with the matter said. 15 Oct 2007
Citigroup serves Asia's billionaires with new unit Citigroup's newly created unit to serve Asia's super-rich plans to hire 10 high profile bankers and aims for annual revenue growth faster than its wealth business in Asia, the head of the unit told Reuters on Friday. 05 Oct 2007
59.
Worst of credit crisis seen over but problems remain While the worst of the global credit crisis may be over, there is more fallout to come, Ron O'Hanley, president and chief executive of BNY Mellon Asset Management, said on Tuesday. 04 Oct 2007
60.
Business group calls for anti-piracy action Business leaders called on the federal government on Wednesday to do more to combat product counterfeiting and piracy, which they said hurts the software, pharmaceutical and entertainment industries and threatens the overall U.S. economy. 04 Oct 2007
