Bank of America reports USD1.5 billion funds added to purchase leveraged loans
Bank of America Corp reported about USD1.5 billion were added by investors into funds that purchase leveraged loans in the U.S.
Commercial banks
US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report
The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks.
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey...
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...
Latest News
Chile's BCI seeks approval from investors for capital hike
Chile's BCI would ask its shareholders to approve its USD 400 million capital hike to partly fund its acquisition of City National Bank.
European Commission okays mobile payments venture in Spain
The EU approves the joint venture to create a new mobile commerce venture in Spain.
Barclays mulls sale of UAE retail operations
Two sources told Reuters that Barclays was mulling the sale of its UAE retail banking operations.
Mizuho Financial Group bid for 39.2% stake in Bank Panin
Sources told Reuters that Mizuho Financial Group offered to acquire a stake for Bank Panin from ANZ.
Austrian banks will merge for Volksbanken buy back
Mergers would enable Austrian regional banks to save money for a Volksbanken buy back.
Croatia's finance ministry calls for bids on state-owned HPB
The Croatian government issued an invitation for all interested bidders who are interested to acquire Hrvatska Postanska Banka, a state-owned local bank.
Martin Blessing says he will stay with Commerzbank until reorganization is complete
Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
Chong Hing Bank receives M&A offer: sources
Sources told Reuters that Hong Kong-based Chong Hing Bank Ltd has received a potential merger and acquisition offer from a firm controlled by the Guangzhou city government.
Bank Austria profit drops, loan writedowns prove boom times over
The drop in first-half profits and loan writedowns of Bank Austria proved that boom times are over in central and eastern Europe (CEE).
