JP Morgan's buyback program may be stopped due to fines recalculations
Because of the increase in fines and penalties payable for the second half of 2013, JPMorgan Chase's share repurchase plan may be put on hold.
Commercial banks
US Regulators Take Hold of Troubled Lender Republic First and Agree to Sell It to Fulton Bank
US regulators have taken hold of Republic First Bancorp and arranged to sell it to Fulton Bank.
HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe
HSBC is reportedly considering selling various business units in Germany...
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead...
Investors Led by Ex-Trump Official Invest $1 Billion to Troubled US Bank
Steven Mnuchin, the US Treasury Secretary under former president Donald Trump, has invested in a troubled regional US bank...
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card iss...
Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know
Citigroup Inc. is reportedly closing its global distressed-debt group ...
Latest News
Barclays to close wealth management services
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
Stanford Marine Group unit receives USD 300 million loan facility
Stanford Asia Holding, a subsidiary of Stanford Marine Group, received a USD 300 million loan facility.
Monte dei Paschi cancels coupon payments
Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements.
HSBC appoints new personnel to address regional growth
New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.
South Korea gets first round bids for two regional banks
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
Private equity firms make approaches for Lloyds' TSB- report
Lloyds' TSB business had received early approaches from private equity firms, according to a report by City A.M.
ThyssenKrupp gets break, obtains extension of credit lines
In a move designed to avoid default, ThyssenKrupp was able to receive an extension of its credit lines from banks before its planned share sale.
ECB supervision to be operational by January 2014 according to Mersch
Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
Anti-Wall Street sentiment persists- poll
A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.
