Finance News
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ICICI Bank Posts 17% Increase in First-Quarter Net Income to $222 Million
ICICI Bank Ltd. , India’s second- biggest lender, said first-quarter profit rose 17 percent, as it cut provisions and increased fee income.
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Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108
Home Bancshares Inc. , the Arkansas bank with $3 billion in assets, purchased two seized lenders and regulators closed three others as this year’s failures climbed to 108.
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Ex-New Century Managers to Pay $1.5 Million Over Subprime Lender's Failure
Three former New Century Financial Corp. executives agreed to pay more than $1.5 million to settle U.S. regulatory claims that they failed to disclose risk in the firm’s subprime-mortgage business before it collapsed in 2007.
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Dodd Urging White House to Tap Bair as Head of New U.S. Consumer Bureau
Senate Banking Committee Chairman Christopher Dodd has urged the White House to nominate Federal Deposit Insurance Corp. Chairman Sheila Bair as head of the new consumer bureau, according to two people with direct knowledge of the matter.
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Financial Services ETFs
| SPDR-FINL SELECT | 14.71 | -0.01 | -0.07 |
| SPDR KBW REGIONA | 23.77 | -0.11 | -0.46 |
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