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...China’s top bank regulator warns of bubble risks in foreign markets Guo Shuqing, chairman of China’s banking and insurance regulatory commission, warned on Tuesday of ‘a bubble problem’ in international...
...The growth of interest-only mortgages is a sign of more intense levels of competition within the industry, said analysts, where regional banks are battling with private equity firms and insurance companies...
...These include property and casualty insurance, professional indemnity and medical stop-loss....
...They left other forms of lending mostly to specialised institutions, such as mortgage lenders and carmakers’ captive vehicle-finance companies....
...Wachovia lost 81.6 per cent of its market capitalisation, to $1.84 a share. Citigroup agreed to buy most of its assets and liabilities in a deal brokered by the Federal Deposit Insurance Corporation....
...Now that he is governor, Spitzer – who made his name by launching investigations into the big Wall Street banks, mutual funds and insurance companies – must adjust to a new neighbourhood....
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