Tradition of "client hires" under fire with SEC's JPMorgan bribery probe
Banks were prompted to look at their tradition of "client hires" as the SEC deepened its investigation of JPMorgan's hiring of two Chinese nationals.
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
Federal judge allows FIRREA law interpretation against Bank of America
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
Wells Fargo plans Asia expansion of fund services customers
Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.
HopFed Bancorp reports terminated merger
HopeFed Bancorp Inc. announced today that it had signed a Mutual Termination Agreement to end a previous merger contract with Sumner Bank & Trust of Gallatin Tennessee.
JPMorgan evaluates dealings with foreign banks
JP Morgan Chase & Co. said that it would halt receiving any new businesses from foreign banks neither would it accept new clients.
JPMorgan worth more if broken up: analyst
An analyst said that if JPMorgan Chase & Co would have broken up into its four core businesses, it would be 30% more valuable to its shareholders.
Barclays Bank Kenya finances Marriot Drilling's rig
Barclays Bank of Kenya signed a financing deal with the African unit of British oil explorer Marriott Drilling worth USD 13 million.
Oman Development Bank looks into opening of Islamic window
Oman Development Bank said it would consider opening an Islamic window to provide financial services to small and medium-sized companies.
Bank of Sharjah refinances with USD 200 million loan
The Bank of Sharjah said it had signed a loan refinancing facility worth USD 200 million with five lenders.
Chinese banks reduce loans to development projects in smaller cities: economist
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
