Washington - The decision by Morgan Stanley and Goldman Sachs - the last two major US investment banks still on their feet - to become bank holding companies signals the end of high-wire finance on Wall Street.

After a year of turmoil in the financial industry that climaxed last week with bankruptcies and government takeovers, the two companies agreed to submit themselves to far tighter regulations by applying for the new status.

The US central bank late Sunday accepted the two companies' applications, pending a five-day antitrust waiting period.

Berlin - Deutsche Bank announced Monday that it would issue new shares to raise capital for the acquisition of a 29.75-per-cent stake in Deutsche Postbank.

The bank said it expected to raise around 2 billion euros (2.9 billion dollars) from the issue of up to 40 million new registered shares.

Deutsche Bank announced on September 12 that it had agreed to pay 2.8 billion euros to become the biggest single stakeholder in Postbank, a subsidiary of Deutsche Post.

The rights issue would maintain the strong equity capitalization, following the acquisition, the bank said in a statement.

Washington, Sept. 22 : Goldman Sachs and Morgan Stanley, the last surviving big investment banks on Wall Street, have become regulated banks.

In a statement issued at 9.30 p. m. local time Sunday the Federal Reserve said it had approved their applications to become bank holding companies, subject to regulation by the Fed.

Washington - The US Federal Reserve Board late Sunday agreed to applications by investment banks Morgan Stanley and Goldman Sachs to become bank holding companies.

The rate-setting central bank said in a statement said that the approval was granted, pending a five-day antitrust waiting period.

The Reserve Bank of India has set a limit for maximum transaction per day through mobile phones. A customer can, now, transect Rs 2,500 to a maximum of Rs 5,000 in a day. Customers must have access to a debit or credit card to avail mobile banking. Many Indian leading banks are providing mobile banking in the country. The banks need to inform RBI about the services they are providing thru mobile phones. The new guidelines, in this regard, are issued by the apex bank on Friday. 

Principal Mutual Fund (MF) has informed that the company has linked up with India’s leading public sector lender, United Bank of India for distribution of its products through the bank`s branch network.