Tom Bolland, current COO of Lehman is helping wind down the bank's business.
HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank.
Milestone Aviation secures a US $300 million loan facility from Lloyds, Barclays and Lombard.
US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank.
Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion.
Russia's Gazprombank has withdrawn from the Swiss franc Tier 2 Bond deal, source revealed.
The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.
Mauritius Commercial Bank is aiming to raise 5 billion rupees.
In a bid to uplift consumer confidence, Beijing's Central Huijin Investment Co had invested in banks in the form of share purchases.
According to sources, Bank Al Khair is expected to merge with commercial bank, Khaleeji Commercial Bank.
New job cuts in the offing for JP Morgan Chase.
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