S&P bows out of Corporate Value Consulting, Sells Unit to Duff & Phelps

It would appear that S&P has decided to stick more closely to its ratings knitting, as it announces the sale of a Corporate Value Consulting practice that it announced with some fanfare several years back.

The CVC initiative was intended to help generate fees from potential rating clients who were skittish about getting a rating opinion from S&P about corporate strategic moves.

Companies could get S&P to provide valuation consulting that would give them a sense of what the ratings impact would be from specific corporate strategic moves, without having their ratings changed because of the plans.

Lo del Katrina no es nada (from HispaLibertas by way of Technorati)

... If a huge temblor like the one in 1923 hits the Kanto region, insurance claims will rocket to nearly 7 trillion, yen topping the cost of any past natural disaster to date, U.S. credit rating agency Standard & Poor's said Thursday.The immediate impact on insurers' balance sheets would probably ...

HispaLibertas: Sapere Aude -

[[Technorati] "rating agency"]

India Abroad

The Rediff Interview/Ajay Banga, co-head (global ops), Citibank Rediff, India - 4 hours ago Formerly, president of Citigroup's retail banking North America, Banga was last week named co-head of the bank's global consumer group as part of its senior ... Citigroup's Banga plans to raise global market share Hindu Business Line 2 at Citigroup Share Duties and, So Far, Stay Friends New York Times Citicorp Aims To Expand In Global Consumer Markets - NYT Business Online all 10 related

[Google Search: banking]

Wither Hibernia/Capital One Deal?

Reuters - Hibernia Corp. shares fell as
much as 6.8 percent on Friday on speculation that Hurricane
Katrina will scuttle Capital One Financial Corp.'s $5.3
billion takeover of Hibernia or force it to accept a lower
price. [Yahoo! News: Business]

Bankrate to Present at Roth Capital Partners Conference and ThinkEquity Partners 3rd Annual Growth Conference

Bankrate to Present at Roth Capital Partners Conference and ThinkEquity Partners 3rd Annual Growth Conference
NEW YORK, Sept. 1 /PRNewswire-FirstCall/ -- Bankrate, Inc. (NASDAQ:RATE) announced today that Thomas R. Evans, the company's President and Chief Executive Officer, will be participating in the Roth Capital Partners Conference on September 7, 2005 at 10:00 a.m. EDT at the Westin New York at Times Square in New York City.

Furthermore, Mr. Evans will also be presenting at ThinkEquity Partners 3rd Annual Growth Conference on September 12 at 8:00 a.m. PDT at the Ritz Carlton Hotel in San Francisco.
To hear a Webcast of Mr. Evans' presentations, visit Bankrate's Investor Relations Web site at http://www.bankrate.com/investor-relations .

About Bankrate, Inc.
Bankrate, Inc. (NASDAQ:RATE) owns and operates Bankrate.com, the Internet's leading consumer banking marketplace. Bankrate.com is a destination site of personal finance channels, including banking, investing, taxes, debt management and college finance. It is the leading aggregator of more than 300 financial products, including mortgages, credit cards, new and used auto loans, money market accounts and CDs, checking and ATM fees, home equity loans and online banking fees. Bankrate.com reviews more than 4,800 financial institutions in 575 markets in 50 states. In 2004, Bankrate.com had over 38 million unique visitors. Bankrate.com provides financial applications and information to a network of more than 75 partners, including Yahoo! (NASDAQ:YHOO) , America Online (NYSE:TWX) , The Wall Street Journal (NYSE:DJ) and The New York Times (NYSE:NYT) . Bankrate.com's information is also distributed through more than 100 national and state publications.