Reserve Bank of India governor Subbarao gets two-year extension
India's government has extended term of central bank Governer Duvvri Subbarao until 2013
Financial Services - admin
Commerzbank CFO Eric Strutz to step-down when contract ends
Germany's Commerzbank AG's chief financial officer Eric Strutz will exit when contract expires in March
Saigon Asset Management plans to raise $300 mln for energy fund
Vietnam Investment Firm has plans to start nation's largest energy fund
Banco Votorantim to raise $768 mln for Brazilian pvt-equity funds
Financial services unit of Votorantim Group Banco Votorantim has decided to raise $768 mln for 3 Brazilian private equity funds
HSBC Holdings Plc to shed US branches in $1bln first Niagra deal
HSBC Holdings will shed half of its underperforming US branch network, selling 195 branches to First Niagara Financial for $1 billion
ICICI Bank Q1 net profit up 30% at Rs 1,332 crore
India's second largest lender ICICI Bank has posted a 30% rise in its quarterly net profit to Rs1,332 crore
Credit Suisse to slash 4% of global work force by 2012
Swiss multinational financial services company Credit Suisse will cut more than 2,000 jobs or 4% of its global work force by end of next year
HSBC to slash over 10,000 jobs in cost-cutting drive
London-based HSBC may cut over 10,000 jobs in cost-cutting drive and will slash costs by up to $3.5 billion by 2013
Blackstone in talks to buy Emdeon in $3 bln deal
Investment and advisory firm Blackstone is in talks to buy Emdeon Inc, a provider of billing systems for health-care companies for more than $3 billion
Ace net profit dips 10% to $607 mln on insurer's natural disaster claims
Swiss insurer Ace has reported 10% fall in its second quarter net profit to $607 million on losses tied to natural disasters
