El Banco Santander Brazil today staged the opening ceremony of its trading at the New York Stock Exchange (NYSE) coinciding with the start of trading of its shares in this market and also in the Bag Sao Paulo. This is the world's largest IPO so far in 2009.

On the heels of its $8 billion capital raise last month, Morgan Stanley, perhaps stunned by how high its stock price has remained, is raising another $2.2 billion in equity. Gotta pay back that TARP so it can return to paying bonuses at the expense of shareholders.

IBM (NYSE: IBM) today announced the results of a global research report that reveals the banking industry is counting on new market expansion, particularly in emerging markets, to fuel growth and efficiency opportunities over the next five years, yet banks say they are not prepared to seize these opportunities.

Union Finance Minister P Chidambaram has said public sector banks must upgrade technology to provide services to people who have not been tapped so far.