| Bank of France backs fines for risk control flaws PARIS (Reuters) - The head of France's central bank called on Tuesday for stronger penalties against banks which fail to carry out adequate risk controls in the wake of the Societe Generale rogue trading scandal. feeds.reuters.com |
Card giant not offering much of a bargain Visa Inc's shares look cheap only by comparison with those of MasterCard Inc, its biggest rival among credit-card networks.The proposed range of $37 to $42 a share, disclosed in a filing on Monday, would make Visa less costly relative t ... english.people.com.cn |
Can a wounded Bear survive? As Wall Street struggles to get a handle on the liquidity bailout for Bear Stearns, the looming question is can the brokerage get through the crisis. feeds.marketwatch.com |
Paulson Tells China Progress on Credit BEIJING (AP) -- U.S. Treasury Secretary Henry Paulson urged Chinese leaders Wednesday to press ahead with financial market reforms but acknowledged the American credit crisis might make them hesitant.... hosted.ap.org |
GE's future may be focus of shareholder meeting HARTFORD, Conn. (AP) -- Fresh off a disastrous quarter that wiped the luster from his company and still stinging from his predecessor's public scolding, General Electric Co. CEO Jeff Immelt may find a tougher-than-usual audience this week when he faces shareholders at the conglomerate's annual meeting.... hosted.ap.org |