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12/25/2008 News For: aig Annuity Insurance CompanySBI to inject funds into insurance arm KOLKATA: State Bank of India is planning to inject fresh capital into its insurance arm, SBI Life, which is awaiting the right market conditions to raise funds through an initial public offering IPO. Company?s Managing Director and CEO ... SBI to inject funds into insurance arm KOLKATA: The State Bank of India is planning to inject fresh capital into its insurance arm, SBI Life, which is awaiting the right market conditions to raise funds through an initial public offering IPO. Fed's designation of GMAC as bank holding company will mean GM, Cerberus no longer at controls GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost SBI to inject funds into insurance arm The country's largest public sector lender, State Bank of India, is planning to inject fresh capital into its insurance arm, SBI Life, which is awaiting the right market conditions to raise funds through an initial public offering IPO. GMAC Gets Fed Approval to Become Bank Holding Company The Federal Reserve gave General Motors a crucial boost yesterday by approving a request from GMAC, which provides funding for most of the automaker's dealers and many of its customers, to become a bank holding company. GM financial arm to become holding company for funds The US Federal Reserve on Wednesday approved a request by GMAC, the troubled financial arm of General Motors, to become a bank holding company, allowing it to tap government bailout funds and emergency loans. AXA Equitable makes four senior executive appointments AXA Equitable Life Insurance Company has named Jackie Brabham, Keith Floman, Tracey Gray-Walker, Steve Mabry as new senior vice presidents of annuity operations, actuarial, diversity &inclusion and annuity product development, respectively. Chinese tainted milk scandal company bankrupt A Chinese court has declared bankrupt the company at the center of a scandal over tainted milk ? blamed for killing six children and sickening almost 300,000 more, one of the company's owners said Wednesday. Company at Core of China?s Milk Scandal Is Declared Bankrupt A Chinese court has declared bankrupt the company at the center of a scandal over tainted milk. GMAC gets Fed's OK to become bank holding company GMAC LLC won U.S. approval on Wednesday to become a bank holding company, giving it access to government lending programs and helping it stave off bankruptcy. |