Washington - US President Barack Obama, under fire over the payment of huge bonuses to traders at the floundering insurance giant AIG, Wednesday vowed to end the culture of corporate greed in the United States.

He made his remarks on the White House lawn as he headed to California for two days away from the capital, where the crescendo of public ire over the payments is rising.

Washington - The US Congress Wednesday tapped into growing public ire over bailed-out insurance giant AIG's payment of bonuses as legislators explored ways to reclaim 165 million dollars from the company and its employees.

"There's a tidal wave of rage ... across America," said Representative Gary Ackerman at a hearing of the House Financial Services subcommittee.

Life Insurance Corporation (LIC) of India announced that it has signed up a strategic contract with Punjab National Bank (PNB) to let bank’s clients to have access to various products offered by LIC.

The deal was signed in the company of LIC Chairman T. S. Vijayan and the bank’s Chairman and Managing Director K. C. Chakrabarty.

Thus far, LIC has signed deals with 31 banks via corporate agency model and with banks through referral model for developing banc assurance.

For Tata's small car Nano, loan can be availed at an interest rate of 14 to 14.75 per cent from the State Bank of India (SBI), India's largest bank, as per some unofficial reports.

The bank would cover 70 per cent of the price of the car for five year tenure. Recently, general managers of all branches of SBI discussed the finance matters with company's officials in a bid to provide car finance in easy and hassle free manner, targeting common man in the rural segment of country.

Washington - The was widely expected to keep interest rates steady in the range of zero to 0.25 per cent when it releases its periodic decision on Wednesday.

The Federal Open Market Committee, which began meeting on Tuesday, is to announce its decision at 1815 GMT Wednesday.

The central bank has been working to revive borrowing and stabilize the financial system amid a serious ongoing recession in the United States, which has cascaded into foreign markets.

The bank could also expand its purchases of asset-backed securities and treasury bills with an ultimate goal of freeing up more credit lines.

Washington  - US president Barack Obama Monday added his anger to mounting criticism of the bailed-out insurance giant American International Group Inc (AIG) over its payment of huge bonuses and vowed to block them.

The firm has revealed it intends to hand out 1 billion dollars in reward pay, including 165 million dollars already given to the very traders who sold financial instruments that helped trigger the global credit crisis.