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Commercial banks

US Federal Reserve System

US Fed Reserve require stress tests on banks

Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.

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Blackberry Ltd

Fairfax having difficulty in funding for Blackberry offer - sources

Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.

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National Bank of Abu Dhabi

National Bank of Abu Dhabi set to expand internationally

NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.

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A structure showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt July 11, 2012. REUTERS/Alex Domanski

Banks expecting ECB rate cut

More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.

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Morgan Stanley

Morgan Stanley establishes fund to improve affordable housing

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.

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Banco do Brasil

Banco do Brasil obtains syndicated loan

A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.

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China Construction Bank Corp

China Construction Bank Corp purchases majority shareholdings in Banco Industrial & Comercial SA

BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion.

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Wells Fargo & Co

Wells Fargo settles mortgage bonds issues with FHFA

For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes

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Citigroup

Citigroup preparing sale of mortgage backed securities, its first since 2008

Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.

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Commercial Bank of Qatar

Commercial Bank of Qatar to issue bonds

The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.

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Ahli United Bank

AUB looks for acquisitions overseas

Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.

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Bank of Japan

Bank of Japan stops short of forecasting inflation rise

BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.

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Bank of America

Federal Home Loan banks drop objections to BofA settlement of Countrywide

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.

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Eurobank

Eurobank should sell shares, says Hellenic Fund

Eurobank Ergasias SA failed to meet it capital requirements may now be force to sell shares at losing price.

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China Construction Bank Corp

CCB nears closing of Bicbanco buyout - source

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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