Finance Chronicle

The onetime lieutenant of Eliot Spitzer is now being backed by financiers as the next attorney general of New York, The Financial Times reports, citing an analysis of campaign contributions.

MANAMA: The Islamic finance sector is set to become a $2 trillion industry in the next three to five years from its current $1trn mark in spite of the financial slowdown.

LONDON – House prices fell much faster than expected last month but further declines are likely to be modest, mortgage lender Nationwide said on Thursday.

KUALA LUMPUR: Kuwait Finance House Bhd has launched a personal financing product to facilitate Muslim customers make pilgrimages to the holy cities of Makkah and Madinah.

LONDON – Citigroup’s private banking arm has set up a global unit to target family offices, organisations that manage the financial affairs of rich dynasties, according to an internal memo seen by Reuters.

Goldman Sachs’s Lloyd C. Blankfein takes the biggest tumble in the magazine’s “New Establishent” rankings as finance remains an unpopular sector among the populace.

Power Finance Corp ., the state-owned Indian lender to power projects, approached banks for bids to help it sell two-year bonds, according to two people familiar with the plans.

The state government has announced that Sunil Soni, finance secretary in charge of reforms, will conduct the probe into decisions pertaining to land deals taken by the City and Industrial Development Corporation’s board of directors between November 2009 and May 2010.

The cabinet approved a Finance Ministry plan yesterday to sell its entire stake in Esso Plc to the state-controlled mutual fund for 1.65 billion baht.

The cabinet approved a Finance Ministry plan yesterday to sell its entire stake in Esso Plc to the state-controlled mutual fund for 1.65 billion baht.