Orix Corp. (8591) , the Japanese provider offinancial services ranging from leasing to insurance, plans toinvest as much as 80 billion yen ($1 billion) in China over twoyears in water, machinery and renewable energy. Through private-equity deals, Orix aims to buy stakes inChinese companies that provide infrastructure such as sewagetreatment and solar-power plants, President Makoto Inoue said inan .. more …
The Asia-Pacific financial markets industry is tipped to spend $US18 billion on IT by 2015, according to analyst firm Ovum.Investment in risk management systems, as well as reporting systems that allow financial markets companies to provide greater transparency and comply with new industry regulations such as Basel III, is set to drive growth.Globally, financial markets will spend $US90 billion by .. more …
The Glass-Steagall Act is remembered as a strict prohibition on the mixing of commercial and investment banking. Glass-Steagall is gone and the Dodd Frank Act has arrived to protect our economy against excessive risk taking amongst financial institutions. Following the 1929 stock market crash, Congress recognized that steps needed to be taken to prevent commercial banks from encouraging depositors .. more …