Citigroup Stakes, US Mutuals, EFSF Bonds: Compliance - BusinessWeek

Citigroup Stakes, US Mutuals, EFSF Bonds: Compliance
BusinessWeek
By Carla Main (Updates with Turkish regulations in Compliance Policy, UBS-Libor immunity and FSA Libor probe in Compliance Action and Iran bank fraud trial in Courts.) Feb. 21 (Bloomberg) -- Citigroup Inc., the third-biggest US bank by assets, ...
Citigroup Stakes, U.S. Mutuals, EFSF Bond Program: Compliance Bloomberg

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Iran tanker firm NITC can withstand sanctions: official - Tehran Times

Iran tanker firm NITC can withstand sanctions: official
Tehran Times
LONDON - Iran's biggest tanker operator NITC will shortly settle loans owed to French Bank BNP Paribas and is confident it can weather growing turmoil in the sector and the threat of sanctions, the group's new chief said. Industry sources told Reuters ...

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Indian shares at 7-mth closing high, Reliance up 3 pct - Reuters


Moneycontrol.com
Indian shares at 7-mth closing high, Reliance up 3 pct
Reuters
STOCKS THAT MOVED * UCO Bank climbed 3.3 percent after the state-run lender's board approved issue of shares to Life Insurance Corp of India on a preferential basis. * HCL Infosystems Ltd rose more than 2 percent after the company won a 2.8 billion ...
Indian shares rise after Greek deal; Kingfisher down Reuters India

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Metals open firmer after latest Greece bailout - Futures Magazine


ABC News
Metals open firmer after latest Greece bailout
Futures Magazine
That will require the creation of pan-European deposit insurance and ultimately euro bonds to provide banks with an alternative risk-free asset. Unless this is what euro zone finance ministers have in mind as they sit down on Monday, they should have ...
Morning papers: Eurozone agrees second Greek bail-out FT Adviser

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Shipping executive: Picking up Iranian crude 'is like getting leprosy' - CNN International

Shipping executive: Picking up Iranian crude 'is like getting leprosy'
CNN International
Iran wants and needs them all. But in the last few months, the growing web of US and European sanctions has begun to paralyze its ability to import and export key products. Multiple banking, shipping and trade sources tell CNN that Iran is struggling ...

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Senate Bill on Iran Sanctions Targets Banks, Subsidiaries, Insurers - Insurance Journal


Moneycontrol.com
Senate Bill on Iran Sanctions Targets Banks, Subsidiaries, Insurers
Insurance Journal
By Roberta Rampton | February 3, 2012 Banking transactions with Iran and financing for its oil shipments could come under tougher scrutiny after a bipartisan sanctions bill easily passed a key US Senate Committee on Thursday.
Sanctions, insurance rises make shipowners wary of carrying Iran crude oil Platts
JOHNSON, SHELBY HAIL COMMITTEE PASSAGE OF BIPARTISAN IRAN SANCTIONS LEGISLATION Insurance News Net (press release)
Iran And Syria - Sanctions Update Mondaq News Alerts (registration)

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Iran gave Syria $1 billion to aid regime against sanctions, documents reveal - Fox News

Iran gave Syria $1 billion to aid regime against sanctions, documents reveal
Fox News
The documents, obtained by Haaretz News, reveal that Iran has given the Syrian regime more than $1 billion to help relieve pressures of an international oil embargo and other restrictive measures on travel and trade through its central bank.

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Insurer floored by mis-selling rap - The Sun


The Sun
Insurer floored by mis-selling rap
The Sun
By STEVE HAWKES, Business Editor A COMPANY that flogs insurance to Brits worried about ID and credit card theft faces collapse over claims it misled customers to land sales. POWER station operator DRAX was smoking yesterday after an upgrade from HSBC ...

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UK Stocks-Factors to watch on Monday, Feb 20 - Reuters

UK Stocks-Factors to watch on Monday, Feb 20
Reuters
| LONDON Feb 20 (Reuters) - Britain's FTSE 100 index was seen opening as much as 0.8 percent higher on Monday as China's central bank intervened to stimulate growth in the world's second-largest economy and Greece was expected to secure a bailout deal ...

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Monday Papers: Iran battles to sell oil as sanctions start to bite - Citywire.co.uk

Monday Papers: Iran battles to sell oil as sanctions start to bite
Citywire.co.uk
Financial Times: Royal Bank of Scotland and Lloyds Banking Group are expected to post losses for 2011 of about £4 billion – equivalent to the charges they took on payment protection insurance in the first half of the year.

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