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...


Latest News

US regulators press JPMorgan Chase & Co for at least USD 6 billion to settle lawsuits- source
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
George Koutsos is new head of Hellenic Financial Stability Fund
George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.
US and Swiss governments agree on step closer to removal of secrecy laws
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
Morgan Stanley holds new BlackBerry purchases
Hedging against possible long term structural changes with Blackberry, Morgan Stanley has put on hold the purchase of new devices from the Canadian company amidst the turmoil the smartphone company is
RHJ says German regulator to give decision on BHF purchase by end of September
RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.
Bank of America settles discrimination lawsuit for USD 160 million
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
Lloyds Bank to sell AUD 371 million loan portfolio to Sankaty Advisors
Lloyds Banking Group agreed on a sale of its loan asset portfolio from its BOS International Australia unit to Bain Capital's Sankaty Advisors.
IILM Corp issues dollar denominated sukuk
IILM Corp's debut sukuk was oversubscribed according to reports.
SABB set to issue riyal denominated sukuk bonds
SABB, which is partially owned by HSBC, has been busy preparing for a sukuk bond issue by year's end.
Sources reveal SocGen plan to launch USD 300 million Islamic bond program in Malaysia
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
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