Investment banks

JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps

JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.


Goldman Sachs, Barclays Reportedly Compete to Acquire General Motors' Credit Card Business

Goldman Sachs and Barclays are reportedly vying to acquire General Motors' credit card business...

Goldman Sachs Appoints Head of Strategy and Investor Relations Carey Halio as Global Treasurer

Goldman Sachs has appointed Carey Halio, the head of strategy and investor relations, as its new global treasurer...

China to Remain the World's Top Engine for Global Economic Growth, ADB Says

Even if China's economy slows down, the Asian Development Bank (ADB) said it will still be the largest growth engine for the world economy...


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
Startup's biggest funding comes from family, friends - Fundable
Friends and family of startups were found to be its biggest supporters, shelling out USD23,000 in a business on average, totaling USD60 billion in fresh capital annually, based from data collected by
Brazil's Grupo BTG Pactual files application for US commodity trading, warehousing
Latin America's largest investment bank, Grupo BTG Pactual, has applied with the commercial licensing bureau of Michigan to manage a commodities warehousing business in the US.
Investment banks to reduce pay again amid increase in profits- report
A Financial Times report said investment banks worldwide are set to reduce employee remuneration for the third year even as profits have increased, highlighting the importance placed on shareholder re
UBS to buy EUR1.75 billion of its bonds back
Switzerland bank UBS AG launched its EUR1.75 billion or USD2.4 billion bond buyback program, which will be applicable to subordinate and senior unsecured bonds in several European currencies.
US major banks amass cash by rejecting US Treasuries in light of taper risk
Data gathered by the US Federal Reserve showed a decline of over USD80 billion in nanks' holdings in federal agency bonds and Treasuries, marking its first annual decline since 2007.
Aviva, Sabanci hire banks for Turkish pension unit IPO - sources
British insurer Aviva Plc and Turkey's Sabanci Holding have mandated Citigroup and HSBC to sell between 20 and 25 percent of Turkish life and pensions joint venture Avivasa Emeklilik & Hayat Sigorta i
Morgan Stanley take top position in Japan M&A in 16 years - report
Morgan Stanley now leads in mergers and acquisitions in Japan, advising 41 takeovers this year worth USD 28.3 billion, through its venture with Mitsubishi UFJ Financial Group Inc.
European institutional investors seriously concerned about proposed dark trading volume caps- study
A new research from TABB Group Europe showed that almost 90% of institutional investors in Europe were concerned about the proposed restrictions of dark trading.
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.
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