Commercial banks

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 issuer Discover Financial Services in an all-stock deal valued at $35.3 billion...

Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know

Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership...


Latest News

Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on tuesday including Adcock Ingram, Energa, Nordea Bank, Alitalia, Ben Venue, TIM Participacoes, Douglas, Mercator, Novartis, Onco
Square 1 Bank provides $4.5M loan to Chicago-based Sittercity
A USD 4.5 million credit facility was granted to Chicago-based online provider for in-home care Sittercity by Square 1 Bank, a bank that exclusively caters to the needs of entrepreneurs and the ventur
Wal-Mart keeps Bank of America to run $18 bln 401(k) plan
Wal-Mart Stores Inc is sticking with Bank of America's Merrill Lynch unit to run its 401(k) program with $18 billion in assets, Wal-Mart confirmed on Tuesday.
Sources say Citigroup Inc intends to give two insurers rights to distribute products in Asia
Sources interviewed by Bloomberg said Citigroup Inc is planning to give distribution rights to sell its products in Asia to at least two insurance firms.
Sources say Maybank's Etiqa mulling bid for Mega Life Asuransi Jiwa
Malaysia-based Etiqa, the insurance unit of Maybank, is said to be thinking of bidding for Indonesian insurer Mega Life Asuransi Jiwa, according to sources interviewed by Bloomberg.
Canadian lenders look to wealth management for earnings growth- report
Canada's largest lenders are turning to wealth management to spur growth in the wake of the slowdown in capital markets and lesser borrowing among consumers, a Bloomberg report said.
Gaelectric raises EUR90 million for wind project
Gaelectric has received a funding of over EUR90 million from Irish and German sources for its third operating wind farm project in Dunbeg. Earlier this year, the wind farm company nabbed EUR65 million
Central bank says Brazilian monetary policy may be compromised if Supreme Court rules against lenders
The central bank of Brazil said the country's monetary policy stands to be compromised if the Supreme Court rules against the nation's largest lenders for implementing government rules to fight hyperi
Structured investments by US banks jump to USD69 billion in third quarter - FDIC
New data released by the US Federal Deposit Insurance Corporation reflected the increasing activity in structured products purchases by US banks to offset effects of low interest rates.
Intuit partners with Capital One, Wells Fargo to provide access to customer financial data
The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into
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