Desperate banks drive up rates.
MUMBAI: The liquidity squeeze is showing signs of turning into a cash crunch as the financial year draws to a close. Banks are paying as much as 9-9.25 % for short-term funds in desperation to raise cash to meet the year-end bulge in credit. However, they are...

ICICI Bank brings changes in management.
MUMBAI: ICICI Bank has announced changes in its top management structure. The board of directors today elevated Kalpana Morparia, deputy managing director, to the position of joint managing director. In addition the two executive directors Chanda Kochhar and Nachiket Mor have been elevated to the position of...

Media Advisory - CIBC World Markets Miracle Day to raise awareness and give back to children's charities.
NEW YORK, Dec. 6 /PRNewswire-FirstCall/ -- CIBC (CM: TSX; NYSE) Who: CIBC World Markets Corp. donating commissions to children's charities through the CIBC World Markets Miracle Day campaign, a major effort conducted annually on the first Wednesday in December to raise awareness and give back to children...

ABN Amro's local chiefs to report to India head.
Byline: George Smith Alexander MUMBAI: Dutch bank ABN Amro will change its reporting structure in India as part of a global work over.Currently, it follows a strategic business units (SBUs) reporting system. This means individual business heads in India report to persons heading the business internationally. The...

The Bank of New York Appointed Depositary by Mizuho Financial Group, Inc.
NEW YORK, Nov. 8 /PRNewswire-FirstCall/ -- The Bank of New York, a global leader in securities servicing, has been selected by Mizuho Financial Group, Inc. as depositary for its American depositary receipt (ADR) program. Five hundred ADRs represent one common share. The ADRs will trade on New York Stock...

Micro-financing has a long way to go.
Byline: Atmadip Ray KOLKATA: More than 400 women join the self-help group (SHG) movement in India every hour, according to the National Bank for Agriculture and Rural Development (Nabard), the pioneer in micro-financing in India. Over a whopping 22.50 lakh SHGs have, so far, been offered minimum...

Media Advisory - TD Bank Financial Group to release fourth quarter and fiscal 2006 financial results.
TORONTO, Dec. 5 /PRNewswire-FirstCall/ -- TD Bank Financial Group (TDBFG) will release its fourth quarter and fiscal 2006 financial results and webcast its conference call live on the internet on Friday December 8, 2006. The webcast will feature presentations by TDBFG executives on the Bank's fourth quarter...

TD Bank Financial Group appoints Chief Risk Officer.
Mark Chauvin, long time TD executive to head up Risk Management TORONTO, Dec. 8 /PRNewswire-FirstCall/ -- Ed Clark, President and Chief Executive Officer of TD Bank Financial Group (TDBFG) today announced the appointment of Mark Chauvin, currently our head of Credit Risk, as Executive Vice President, Risk...

Media Advisory - CIBC World Markets "best ideas" conference to bring together leading mid & small cap companies.
NEW YORK, Nov. 21 /PRNewswire-FirstCall/ -- CIBC (CM: TSX; NYSE) - CIBC World Markets hosts its 2nd Annual Mid & Small Cap "Best Ideas" Conference on Nov. 28 - 29, 2006 at the Millennium Broadway in New York City. CIBC World Markets has long been known as...

Texas Regional Bancshares, Inc. Completes Merger With BBVA.
MCALLEN, Texas, Nov. 10 /PRNewswire-FirstCall/ -- Texas Regional Bancshares, Inc. (Texas Regional or the Company), bank holding company for Texas State Bank, announced today that effective as of 5:00 p.m. Central Standard Time today it has completed its previously announced merger with Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). As...