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

South Korean government upsizes IBK block sale to USD250 million
The government of South Korea has increased the offering size for a part of its stake in Industrial Bank of Korea (IBK) to USD250 million. Its finance ministry will be selling 23.24 million shares ins
Gold Fields keen to stretch maturities of loans - CEO
Due to the swing of gold prices, South African mining company Gold Fields Ltd had resorted to negotiating with its creditors for an extension of its loan maturities, said Gold Fields CEO Nick Holland.
Six private equity firms bid for ITW in a possible USD3 billion deal -sources
Investment firms Carlyle Group, Blackstone Group, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and Canada Pension Plan Investment Board are reportedly bidding
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Air
Taiwan urges Mega Financial to consider merger with rival Chang Hwa Bank
The government of Taiwan has encouraged state-run Mega Financial to consider the possibility of merging with Chang Hwa Bank amidst difficulties in the banking sector.
Malaysian consortium secures GBP790 million syndicated financing for Battersea acquisition and development
The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the
China set to overtake Japan in this year's outbound M&A deals
China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and in
Tomkins explores potential $7 billion sale -sources
Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
Poll reveals 31% of investors say fines against banks not enough to change bad behavior
Thirty-one percent of investors said the settlements with regulators and fines issued by regulators against banks for selling shoddy mortgages were not enough to cause a change in the behavior of the
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