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Financial Services News
Fortis says year net profit up 32 percent
YAHOO
Reuters - Dutch-Belgian financial services group Fortis reported a 32 percent rise in net profits to 3.9 billion euros ($4.66 billion) on Friday, in results released unexpectedly early.
Financial Services News
GM shares see late-day slide on GMAC deal worries
YAHOO
Reuters - Shares of automaker General Motors Corp. slid late in the trading session on Friday on concerns about the company's ability to strike a deal for a controlling stake in its financial services business, GMAC.
Financial Services News
GM board to mull GMAC bids, ratings still unclear
YAHOO
Reuters - The board of General Motors Corp. will examine bids for a controlling stake in its lucrative financial services business, GMAC, at its next scheduled meeting on February 6.
Financial Services News
House panel sets February 15 hearing on Fed's report
YAHOO
Reuters - The House Financial Services Committee said on Tuesday it would hold a hearing on the Federal Reserve's semiannual monetary policy report on February 15.
Financial Services News
Zurich calls off US Universal Underwriters sale
YAHOO
Reuters - Zurich Financial Services Group has canceled the $1.1 billion sale of its Universal Underwriters auto dealer insurance unit to private equity house Hellman & Friedman.
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Financial Services News Pudong Bank agrees to let Citi chase 2nd China buy
YAHOO
Reuters - Pudong Development Bank has agreed to waive a series of exclusivity agreements forged with partner Citigroup Inc. over two years ago, clearing the way for the world's top financial services firm to pursue its second investment in a Chinese lender.
Sources: YAHOO
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