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Breaking News Mon, 6 Jul 2009
Bank Of America
(photo: Creative Commons / dave_7)
BoA pips UBS as top wealth manager as sector shrinks
The Times Of India
|               Text: ZURICH: Bank of America has toppled crisis-hit UBS as the world's biggest wealth manager as the industry faces shrinking wealth and another tough 12 months, a survey showed on Monday. | Private wealth managed by banks and investment manag...
The building in midtown Manhattan in New York where Bernard Madoff and wife Ruth live in a penthouse apartment is seen in this aerial view on Sunday, March 22, 2009.
(photo: AP / Mark Lennihan)
Madoff's wife kicked out of Manhattan penthouse
Daily Star Lebanon
| Saturday, July 04, 2009 | - Powered by | Larry Neumeister | Associated Press | NEW YORK: Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she had asked to t...
Valley Investments: Near end, Lochmiller was coaxing money out of investors, brothers say
Grand Junction Sentinel
| In March and April, the owner of Valley Investments was scrambling more than usual for cash, investors said. | Little more than a month before he received official word that Colorado Securities Commissioner Fred Joseph was seeking a cease-and-desis...
Stanford Clients Sue Insurance Broker Willis Group
CNBC
Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings, contending it was a willing participant in a $7 billion fraud at the Texas-based investment company. | RELATED LINKS | Current DateTime: 06:27:04 04...
Madoff's wife kicked out of Manhattan penthouse
Daily Star Lebanon
| Saturday, July 04, 2009 | - Powered by | Larry Neumeister | Associated Press | NEW YORK: Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessio...
Payton, Brees, others lose money in Saints tax credit investment
CNN
Story Highlights At least 16 people associated with the Saints are among those who lost $1.9M | Investors include Sean Payton, Drew Brees, Jeremy Shockey and Archie Manning | Saints spokesman Greg Bensel said the team would have no comment | PRINT EM...
In this Jan. 16, 2008 file photo, a customer leaves a branch of Chase Bank in New York.JPMorgan Chase & Co. said Wednesday, Oct. 15, 2008, its profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home
AP / Mark Lennihan, file
JP Morgan sued over $156m loss
NZ Herald
4:00AM Wednesday Jun 24, 2009 | Len Blavatnik, the Russian-born billionaire who last week pulled out of a rescue deal for Setanta, is embroiled in a bitter battle with his company'...
Deutsche Bank sign is seen outside the bank, Pune, India
WN / Geeta
Deutsche Bank places 4.6 pct of Israel's Leumi
The Guardian
(Recasts with Deutsche statement) JERUSALEM, June 23 (Reuters) - Deutsche Bank said on Tuesday it had placed 67.81 million shares of Bank Leumi, equal to 4.6 percent of Israel's la...
National bank of Dubai, UAE, November 2007
WN / Guillaume Poulet-Mathis
Dubai Banking Group issues statement regarding SHUAA Capital
Gulf News
| Dubai: Dubai Banking Group (DBG), which is involved in a very public spat with one of the UAE’s best known investment banks Shuaa Capital, has announced it will pursue lega...
SEC files lawsuit over excessive investment fees
Houston Chronicle
| OMAHA, Neb. - The Securities and Exchange Commission says an Omaha investment adviser improperly charged at least $773,000 in fees to clients since last August, and about $250,000 remains missing. | The SEC filed a federal lawsuit Tuesday against R...
SEC files lawsuit over excessive investment fees
Seattle Times
OMAHA, Neb. - | The Securities and Exchange Commission says an Omaha investment adviser improperly charged at least $773,000 in fees to clients since last August, and about $250,000 remains missing. | The SEC filed a federal lawsuit Tuesday against R...
SEC says Omaha investment manager charged clients at least $773,000 in improper fees
Star Tribune
| OMAHA, Neb. - The Securities and Exchange Commission says an Omaha investment adviser improperly charged at least $773,000 in fees to clients since last August, and about $250,000 remains missing. | The SEC filed a federal lawsuit Tuesday against R...
Venture Capital
Northern Rock Tower
(photo: Creative Commons / Mankind 2k)
Northern Rock fattens up for sale
The Times
| Northern Rock has begun offering mortgages to existing customers again - for the first time since the bank was nationalised in 2007. The move comes as the government prepares Northern Rock for a possible sale as early as the autumn. | Customers coming to the end of discounted deals are being quietly offered new mortgages if they have 25% equity i...
Financials
Sony - LCD Flat Screen TV - Television - Technology
(photo: WN / Rubielyn Bunag)
LCD TVs, mobiles, select life saving drugs cheaper, set-top box costlier
The Times Of India
| 6 Jul 2009, 1555 hrs IST, PTI               Text: NEW DELHI: Select life saving drugs, LCD TVs, mobile phones, branded jewellery, sports and leather products, packaged software and footwear are among items that would cost less, while gold bars and coins, silver, set-top boxes and cosmetic surgery would...



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