| PNC Vice Chairman to Speak at BancAnalysts Association of Boston Conference
PITTSBURGH, Nov. 1 /PRNewswire-FirstCall/ -- The PNC Financial Services Group (Nachrichten), Inc. announced today that Vice Chairman William S. Demchak will discuss the company's strategy and business performance at the BancAnalysts Association of Boston Conference in Boston on Thursday, November 8 at 2:00 p.m. (EST). Internet Access: Live webcast accessible at http://www.pnc.com/investorevents Presentation Materials: Presentation slides will be included as part of the webcast, and presentation handouts will be available on PNC's Web site prior to the start of the webcast Replay Information: Available on PNC's Web site for 30 days The PNC Financial Services Group, Inc. (http://www.pnc.com/) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
TFN economic and business calendar to Wednesday Dec 5
LONDON (Thomson Financial) - Key items expected in the two weeks to Wednesday Dec 5 (approx GMT times) THURSDAY NOV 22 ASIA -Japan weekly capital flow -Japan Oct supermarket sales -Hong Kong Oct CPI BENELUX -Dutch Sept consumer spending -Belgian Nov business confidence indicator (1400 GMT). Forecast -1.0 vs -0.1 -Corio Q3 results -Ackermans Q3 results (0700 GMT) -GIMV H1 results (0600 GMT), press conference, analyst meeting EASTERN EUROPE -Polish Central Bank minutes of Sept meeting (1300 GMT) -Hungary Q3 international tourist data -Comarch news conference (1230 GMT) -Italian Prime Minister Romano Prodi begins official visit to Russia -Private Banking 2007 conference opens at Radisson SAS Slavyanskaya, Moscow EUROPEAN UNION/EURO AREA -Euro zone Sept current account (adjusted) (0900 GMT). Forecast +2.8 bln eur vs +3.8 bln -Euro zone Sept industrial orders (1000 GMT).
Indian Investment Banking Sector Industry Profile Discusses the Significant Developments in the Industry and Analyzes ...
Research and Markets (http://www.researchandmarkets.com/reports/c74219) has announced the addition of "Indian Investment Banking Sector: Industry Profile" to their offering. This industry profile helps to gain an insight into the evolution of the industry and competitive dynamics prevalent in the market. It discusses the significant developments in the industry and analyzes the key trends and issues. The profile provides inputs in strategic business planning of industry professionals. This profile is of immense help to management consultants, analysts, market research organizations and corporate advisors. The objective and scope of various sections of our industry profile has been discussed below. Industry Snapshot This section gives a holistic overview of the industry.
UPDATE: Credit Card Firms Seen Preparing For Spreading Credit Crunch
SAN FRANCISCO (Dow Jones) -- As shares of Citigroup Inc. tumbled on Monday, analysts pointed to signs that the mortgage meltdown could be spreading to the banking giant and other major credit card players. "We're starting to see signs within the industry that credit quality is dropping," said Justin McHenry, research director at market tracker IndexCreditCards.com. "That's causing major credit card companies to at least consider taking out larger reserves to protect themselves against more people defaulting in the future." In downgrading Citigroup (C) , Goldman Sachs analyst William Tanona raised issues related to an ongoing search for a new chief executive and expectations of more write-downs related to mortgage lending. But he also forecast an erosion in Citigroup's credit card business.
New Chinese Commercial Banking Industry Profile Discusses the Significant Developments in the Industry and Analyzes ...
Research and Markets (http://www.researchandmarkets.com/reports/c74948) has announced the addition of "Chinese Commercial Banking Sector: Industry Profile" to their offering. This industry profile helps to gain an insight into the evolution of the industry and competitive dynamics prevalent in the market. It discusses the significant developments in the industry and analyzes the key trends and issues. The profile provides inputs in strategic business planning of industry professionals. This profile is of immense help to management consultants, analysts, market research organizations and corporate advisors. The objective and scope of various sections of our industry profile has been discussed below. Industry Snapshot This section gives a holistic overview of the industry.
20-11-2007: Japan's Sumitomo Trust, Aozora plan alliance
TOKYO: Japan's Sumitomo Trust & Banking Co and Aozora Bank Ltd said today they plan to form a business alliance, as the two mid-sized lenders vie to remain competitive in an increasingly cut-throat market. The two banks said in a statement they planned to work together in real estate, trusts and asset management but denied a newspaper report that they might eventually merge. Sumitomo Trust is Japan's fifth-largest bank by market capitalisation, while Aozora ranks 17th. While Sumitomo Trust is more than twice Aozora's size, both are dwarfed by the country's top three "megabanks", which include Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc. "Without a doubt this tie-up will likely be a plus for both banks," Credit Suisse analyst Shinichi Ina said in a note to clients today.
Financial News: Barclays Capital Plans US, Asia Expansion
Barclays Capital is forging ahead with plans to recruit more than 1,500 staff next year despite being forced to write off GBP1.3 billion (EUR1.8 billion) as a result of the credit crunch. Jerry del Missier, co-president of the investment banking arm of UK bank Barclays, said he will increase staff numbers globally in the division by 10% next year. Barclays Capital employed 15,444 staff worldwide at the end of last month and del Missier has earmarked the U.S. and Asia as areas for expansion of its trading and investment banking activities. Del Missier was upbeat about the prospects for credit markets and U.S. mortgages. He said: "Credit is likely to be the fastest-growing asset class in the next five years because the fundamentals of transferring risk from banks to capital markets will continue.
Reliance insurance to foray into health segment
Mumbai, Nov 21 (UNI) Reliance Life Insurance, an arm of Anil Dhirubhai Ambani Group will soon foray into the Health Insurance segment and will invest Rs 1,500 crore in its insurance business by 2010.
''We are growing at 155 per cent year on year and has 6.25 per cent market share in the insurance sector and we expect to double our current rate of growth and this capital infusion in the sector is directed towards achieving the goal'', P Nandgopalan, CEO of the company told mediapersons here today.
Besides this capital infusion, the company is also planning to foray agressively into the health insurance segment. However, the time frame for the same has not been decided yet.
Reliance Life Insurance company which has 500 branches across the country has a current capital base of Rs 900 crore.
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