Financial Services

German drugstore Mueller eyes Douglas stake -press Saturday, 21 Nov 2009

FRANKFURT, Nov 21 (Reuters) - German drugstore entrepreneur Erwin Mueller wants to take a big stake in fragrance-to-fashion retailer Douglas , he told a German magazine. Full Article

IFC invests $100 mln in Africa's Ecobank Saturday, 21 Nov 2009

LOME, Nov 21 (Reuters) - The International Finance Corporation (IFC) has invested $100 million in Ecobank Transnational Inc (ETI), the bank said, making the IFC one of the largest shareholders in the pan-African bank. Full Article

Bank of America CEO Lewis may delay retiring - WSJ Saturday, 21 Nov 2009

NEW YORK, Nov 20 (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday. Full Article

More Financial Services News

TD Bank hit with lawsuit in Florida Ponzi case Saturday, 21 Nov 2009

MIAMI, Nov 20 (Reuters) - TD Bank was hit with a multimillion-dollar lawsuit on Friday calling it the "financial epicenter" of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein. Full Article

Chase drops arbitration in credit card contracts Saturday, 21 Nov 2009

NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co on Friday said its credit card contracts will no longer require customers to resolve disputes through arbitration, a practice that critics view as unfriendly to consumers. Full Article

UPDATE 2-JAL to seek emergency bridge loans from govt - Nikkei Saturday, 21 Nov 2009

Nov 21 (Reuters) - Japan Airlines Corp will ask the government as early as Tuesday for 100 billion yen ($1.13 billion) in bridge loans from the Development Bank of Japan, the Nikkei business daily said. Full Article

UPDATE 1-Small Florida bank fails, brings year tally to 124 Saturday, 21 Nov 2009

* FDIC says Central Bank, in Minnesota, to assume deposits Full Article

CANADA STOCKS-TSX down on weaker oil prices, profit-taking Saturday, 21 Nov 2009

* Energy sector leads retreat (Updates to close; adds details, quotes) Full Article

US STOCKS SNAPSHOT-Wall St falls on corporate results Saturday, 21 Nov 2009

NEW YORK, Nov 20 (Reuters) - U.S. stocks fell on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic. Full Article