Foreign investors prefer financial investors - QFII survey
A recent survey conducted by Hong Kong company ChinaQFII indicated foreign investor preference in industries that would mostly deliver a return of equity with minimal risk.
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...
JPMorgan Chase Names CEO Jamie Dimon's Potential Successors
The board of JPMorgan Chase has named the potential successors to CEO ...
Swiss Banking Giant UBS Launches New Share Buyback Program of up to $2 Billion
Swiss banking giant UBS revealed a new share buyback program of up to ...
Latest News
Wall Street banks mull disabling chat rooms that links traders- report
A Wall Street Journal report said big banks were thinking of blocking traders from chat rooms as regulators intensify probes on market manipulation and collusion
All eyes on the Fed next week for tapering signs
A Reuters report said a change in the US Federal Reserve's bond-buying program might come out from its officials as several of them, including vice chair Janet Yellen, would have speaking engagements
EU seeking creation of bank to oversee banks in the EU
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Deutsche Bank loan issue overshadowed by new agreements
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
Macquarie challenges Aberdeen with rival SWIP bid
Macquarie Group Ltd said it would make a GBP500 million offer for Scottish Windows Investment Partnership, which was reported to receive a previous bid from deen Asset Management Plc.
Top deals of the day - Meragers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday.
Siemens chief feels pressure to spin off healthcare unit - report
Investment banks reportedly been courting Siemens AG to spin off its healthcare business.
UBS purchases its bailout fund back from SNB
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion.
Top-quality rules in European corporate market
olid demand for high rated corporate bonds prevented two low-beta companies from having to vie for attention in the euro market on Thursday, despite offering similar maturities and stemming from not d
