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ING Closes Insurance Operations In Argentina

ING Group is closing its insurance operation in Argentina, and cutting 650 jobs, as part of its strategy to focus on profitable operations. "ING made the decision following a strategic business review process that determined ING Insurance Argentina is not

Lloyds TSB Hires 150 In First Outsourcing To India

British clearing bank Lloyds TSB is to hire 150 workers in India for its general insurance business as it tests the benefits of cheaper labour. The bank will move 107 UK jobs to India from Bournemouth, England, and the Welsh

State Street Investor Confidence Index Declines In February

According to State Street's February index, investor confidence declined by 3.7 points to 94.9 from January's revised reading of 98.6. January's investor confidence was also revised downward after the preliminary release last month, as investor selling throughout January was stronger

Pershing Helps Launch Brokerage Account Insurance Scheme

Pershing, now part of the Bank of New York (BNY) Securities Group, is one of 14 firms that provide excess securities account protection through the Customer Asset Protection Company (CAPCO), a licensed New York insurance company launched this week. Through

Bank Of Bermuda Shareholders Approve Sale To HSBC

Bank of Bermuda shareholders yesterday voted overwhelmingly in favour of the sale of the bank to HSBC for $1.3 billion. The vote was 91 per cent in favour. Shareholders will receive $45 a share $40 from HSBC and $5 from