FINANCIAL SERVICES BUSINESS NEWS & INFORMATION
Wednesday, January 07, 2009
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LATEST FINANCIAL SERVICES BUSINESS NEWS:

Himes to serve on House Financial Services panel
Connecticut's newest congressman, Democrat Jim Himes, has landed a slot on the House Financial Services panel. The committee will play a key role as the 111th Congress convenes to tackle perhaps the worst economic crisis since the Great Depression.

Himes to serve on House Financial Services panel
Connecticut's newest congressman, Democrat Jim Himes, has landed a slot on the House Financial Services panel.

DataCore's SANmelody Installation Wins "Storage Virtualization Project of the Year" at Volkswagen Financial Services ...
DataCore's SANmelody solution has won the SNS Achievements in Technology Award for the "Storage Virtualization Project of the Year" for the installation at Volkswagen Financial Services.

Oak Ridge Financial Services Receives Preliminary Approval to Participate in the U.S. Treasury Capital Purchase ...
OAK RIDGE, N.C.----Oak Ridge Financial Services, Inc. , the holding company for Bank of Oak Ridge, today announced that the Bank has obtained preliminary approval of its application for the United States Treasury Department to invest $7,700,000 in the company’s preferred stock and warrants, as part of the government’s much publicized Capital Purchase Plan.

Bank agents look beyond core services to survive
Two years after the Reserve Bank of India (RBI) permitted banks to outsource banking services to business correspondents (BCs) for getting underbanked parts of the country in the financial inclusion fold, BCs are having a tough time keeping their heads above water.

Stanford survey: Financial services firms dominate class actions in 2008
Federal securities class action activity in 2008 was dominated by a wave of litigation against firms in the financial services sector, according to a yearly report prepared by the Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research.

Litigation against Financial Services Firms Dominates Securities Class Action Filings According to Annual Report by ...
BOSTON & STANFORD----Federal securities class action activity in 2008 was dominated by a wave of litigation against firms in the financial services sector, according to Securities Class Action Filings—2008: A Year in Review, an annual report prepared by the Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research.