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Merchant banks

Citigroup

Citigroup preparing sale of mortgage backed securities, its first since 2008

Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.

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Mashreq Bank

Mashreq Bank introduces technological innovations to its branches

Staff-less branches is the future, according to Mashreq Bank CEO.

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Countrywide Financial Corp

Judge approves tentative deal for Countrywide

Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.

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Morgan Stanley

Morgan Stanley projects recovery in Middle Eastern investment banking market

The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.

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JPMorgan

JPMorgan and FHFA forge settlement agreement

JPMorgan to pay FHFA USD5.1 billion as settlement for loans and mortgage backed securities issues.

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LNG

Loans set to fund the Cameron LNG Project being lined up

The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.

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International Petroleum Investment Company

IPIC pays off loan that purchased bank stake

A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital.

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Credit Suisse

FIRREA law's coverage exempts no one

The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.

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HSBC Holdings Plc

Saudi debt and equity capital markets hire HSBC on deals

Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals.

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Hong Kong Stock Exchange

Chong Hing Bank trading halted pending confirmation of buyout

Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.

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Citizens Financial Group Inc

Five banks to bid for Chicago area branches of Citizens Financial Group

Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.

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BoC Governor Stephen Poloz

Bank of Canada retains interest rate levels

Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.

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Rabobank

Dutch Rabobank to settle claims of yen manipulation

Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.

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JPMorgan

Former JP Morgan executive to clear name in London Whale scandal

Achilles Macris, former CIO of JPMorgan, said he was denied due process for he was denied the opportunity to respond to the allegations.

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Deutsche Bank

Deutsche Bank conducts internal inquiry

Like many other regulatory authorities, Deutsche Bank is conducting an internal review of conversations and electronic communication for allegations of rigging the the benchmark interest rates.

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