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Geneva banks lost more than $4 billon to Madoff: report (Reuters)
Geneva-based banks and investment funds have lost more than 5 billion Swiss francs in the alleged $50 billion fraud by former Nasdaq chairman Bernard Madoff, Swiss newspaper Le Temps reported on Saturday.
yahoo.com

IC IC I Banks forex trading platform for corporates - Hindu Business Line
IC IC I Banks forex trading platform for corporatesHindu Business Line, India - 12 minutes agoNEW DELH I: In a bid to mitigate forex risk for large corporates, IC IC I Bank has developed a customised online trading platform that would enable companies ...
Info 5000

Banks and consumers brace for new credit card rules
WASHINGTON (Reuters) - The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday..
Reuters

List of victims grows in Madoff fraud case
Roster of those affected by $50-billion Ponzi scheme includes New York Mets owner, banks, charities
The Globe and Mail

Goldman faces $2bn loss – its first since 1929
Goldman Sachs, the US investment bank, is this week expected to post its first loss since the Wall Street crash of 1929 when it unveils full-year results on Tuesday. In the week when many Squar...
Big News Network

Goldman slashes 2009 commodity price forecasts - Tehran Times
The U.S. bank which earlier this year predicted an oil price spike to $200 a barrel now expects to see crude average $45 a barrel next year. Forecasts for industrial metals aluminum and copper traded on the London Metal Exchange were cut ...
Feed Digest

Pound's plunge is expected to limit cuts in UK interest rates
STERLING's fall could limit the Bank of England's scope for further aggressive cuts in interest rates, analysts warn, following the pound's drop to a record low of ¤1.11 against the euro last week.
Times Online

Swiss bank says it has $48M invested with Madoff (AP)
AP - A private Swiss bank says it has 56 million Swiss francs ($47.5 million) of client assets invested under the management of U.S. financier Bernard L. Madoff, who has been accused of securities fraud.
yahoo.com

Greek Rioters Attack Police Station
Rioting youths in the Greek capital attacked a police station, stores and banks and fought running battles with police late Saturday.
Wall Street Journal

U.S. to use bank bailout to aid automakers
A day after the Senate abandoned legislative efforts to prevent General Motors and Chrysler from collapsing, the Bush administration said Friday that it would use money from the $700 billion financial bailout to keep them alive into next year.
International Herald Tribune

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