Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion.
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes
Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.
Three Federal Home Loan Banks withdrew their objections at the settlement of a New York lawsuit offered by the Bank of America for its Countrywide unit.
Eurobank Ergasias SA failed to meet it capital requirements may now be force to sell shares at losing price.
The source said China Construction Bank Corp's acquisition of BicBanco would be the easiest step in securing a license to expand in Brazil.
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