ICICI Bank is looking for ways to divert its ATM management and points of sale terminals (POS) into a different unit.

Moreover, the country’s largest private lender has also invited bids from private equity funds as well as banking technology companies for stake in this arm.

ICICI Bank has the second-largest ATM network with more than 4,600 Automated Teller Machines (ATM), and the largest PoS network with over two lakh terminals.

Stockholm  - Timing is of the essence - a lesson several big Swedish banking groups as well as private and government-run pension funds and corporations have learned in recent days.

And proposing large bonus payments to top management is simply not on amid daily reports of layoffs and financial turmoil.

Yet the proposals have been made - and in some case executed - to the surprise and anger of critics.

Washington - In a conciliatory gesture, some AIG employees have offered to return some of the 165 million dollars in bonuses at the centre of public ire over the government financial bail-out programme, the company's head said Wednesday.

Edward Liddy, appointed by the US government in September to head the floundering American International Group (AIG), revealed the gesture in testimony before a House Financial Affairs subcommittee.

Washington  - Disgraced financier Bernard Madoff's accountant was on Wednesday arrested and charged with securities fraud, the Justice Department said.

David G Friehling, 49, surrendered to authorities Wednesday morning and is the first accused accomplice of Madoff to be arrested since the 50-billion-dollar scandal came to light three months back.

An accountant for Bernard L Madoff Investment Securities LLC, Friehling faces a maximum 105 years in prison.

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.