TD Bank Financial Group provides update on fourth quarter results including credit trading loss and release of litigation reserve related to Enron.
TDBFG expects to achieve $4 billion milestone for retail earnings for 2008 TORONTO, Nov. 20 /PRNewswire-FirstCall/ -- TD Bank Financial Group (TDBFG) announced today that it expects to report the following results for its fourth quarter ended October 31, 2008: - Diluted earnings per share...

FHLBNY Announces Board of Director Election Results: Jay M. Ford, Thomas M. O'Brien, and George Strayton Reelected.
NEW YORK, Nov. 17 /PRNewswire/ -- The Federal Home Loan Bank of New York announced today that Jay M. Ford, Thomas M. O'Brien, and George Strayton were each reelected by the Bank's members to serve as Member Directors on the Board of Directors of the Bank commencing on January...

ABN Amro rebuilds India M&A team after mass exodus.
MUMBAI: After losing most of its Indian mergers and acquisition (M&A) team to rivals in recent months, ABN Amro is bringing in managers from its global business. The Dutch bank is now looking at aggressively hiring for its various divisions in the wholesale banking side. A consortium...

SBI lines up equity funds, mobile banking services.
MUMBAI: India's biggest lender State Bank of India (SBI) is considering floating various equity funds and offering mobile telephone-based services shortly, SBI chairman OP Bhatt indicated on Wednesday. "The rapid expansion of economy has opened up large opportunities for funding through equity and your bank is at...

Reliance Power IPO likely to generate surplus money for banks.
Byline: Vijay Gurav & Sangita Mehta (##include msid=2459375,type=9 ##) MUMBAI: Given the sheer size of the offer and a huge demand on Day 1, the Reliance Power IPO is expected to generate a big float for bankers to the issue. If the Rs...

Reliance Power IPO likely to generate surplus money for banks.
Byline: Vijay Gurav & Sangita Mehta (##include msid=2459375,type=9 ##) MUMBAI: Given the sheer size of the offer and a huge demand on Day 1, the Reliance Power IPO is expected to generate a big float for bankers to the issue. If the Rs...

XLRI Jamshedpur gets 100 top-level placement offers.
KOLKATA: XLRI Jamshedpur's lateral placements have ended on a high note with about a 100 offers made in varied profiles like finance, consultancy, operations, marketing and human resources for senior-level management roles. The highest package offered was Rs 22 lakh annually, while the average package was Rs...

How derivatives were sold and bought.
Byline: Priti Patnaik NEW DELHI: What is common between derivatives and The Market for Lemons? Nobel prize winners for economics in 2001, Joseph Stiglitz and others, established the relationship between information asymmetry in the market place leading to uncertainty. While bankers may not subscribe to...

SBI rejigs top deck, Guha in key position.
Byline: Atmadip Ray KOLKATA: The top management at the State Bank of India and its subsidiaries have been silently rejigged. The country's largest bank has moved Amitabha Guha, MD, State Bank of Hyderabad (SBH), into the key slot of deputy managing director (DMD) in charge of inspection...

India's 2nd largest contributor to StanChart's global revenues.
MUMBAI: India has emerged as the second-largest contributor to Standard Chartered Bank's global revenues. Bank's Indian operations have posted a 71% growth in operating profits to $690 million in 2007 compared with $403 million in '06. India now ranks second only to Hong Kong, which reported an operating profit...