Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.
Finance/Venture
Tradition of "client hires" under fire with SEC's JPMorgan bribery probe
Banks were prompted to look at their tradition of "client hires" as the SEC deepened its investigation of JPMorgan's hiring of two Chinese nationals.
Public labor unions ask court to toss out Detroit's bankruptcy filing
Public labor unions asked a US court to throw out Detroit's bankruptcy filing on various grounds.
Encouraging euro zone indicators and US trends hints at positive global economic recovery: analysts
Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.
Federal judge allows FIRREA law interpretation against Bank of America
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
Latest News
Argentina lost an appeal in a 2nd district circuit court in New York and deemed to wait until the US Supreme Court had finished reviewing their case.
Mt. Gox's financial worries further increased after the US Department of Homeland Security took USD2.9 million from its Dwolla account and another USD2.1 million worth of frozen assets from the company's Wells Fargo accounts.
HopeFed Bancorp Inc. announced today that it had signed a Mutual Termination Agreement to end a previous merger contract with Sumner Bank & Trust of Gallatin Tennessee.
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
JP Morgan Chase & Co. said that it would halt receiving any new businesses from foreign banks neither would it accept new clients.
American International Group Inc. (AIG) would get a hefty USD905 million settlement from Brookfield Asset Management to resolve a dispute tied to interest rate swaps.
Rohan Murthy, son of NR Narayana Murthy, was appointed vice president of Infosys, said people who have direct knowledge regarding the development in the company.
Barring announced it plans to buy a controlling stake in Hexaware for INR1.6 million. Baring Private Equity Asia planned a controlling stake purchase in an outsourcing firm in India.
Inventor John Levine of Nasdaq's exchanges systems said that the stock markets needed to be designed properly following the system breakdown yesterday which halted trading for three hours.
