Commercial banks

Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report

US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.

Sanctioned Russian Billionaire Files Lawsuit Against UBS in Germany Over Money Laundering Alerts

Russian billionaire Alisher Usmanov has filed a lawsuit against a German unit of UBS Group AG over anti-money laundering reports that triggered a criminal investigation of him...

US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report

The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks...

US Banks See Loan Demand Drop, Fed Survey Says

US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey...

Latest News

Sources say Maybank's Etiqa mulling bid for Mega Life Asuransi Jiwa
Malaysia-based Etiqa, the insurance unit of Maybank, is said to be thinking of bidding for Indonesian insurer Mega Life Asuransi Jiwa, according to sources interviewed by Bloomberg.
Canadian lenders look to wealth management for earnings growth- report
Canada's largest lenders are turning to wealth management to spur growth in the wake of the slowdown in capital markets and lesser borrowing among consumers, a Bloomberg report said.
Gaelectric raises EUR90 million for wind project
Gaelectric has received a funding of over EUR90 million from Irish and German sources for its third operating wind farm project in Dunbeg. Earlier this year, the wind farm company nabbed EUR65 million
Central bank says Brazilian monetary policy may be compromised if Supreme Court rules against lenders
The central bank of Brazil said the country's monetary policy stands to be compromised if the Supreme Court rules against the nation's largest lenders for implementing government rules to fight hyperi
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.
Intuit partners with Capital One, Wells Fargo to provide access to customer financial data
The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into
Anbang Insurance Group mulls bid for Hong Kong 's Wing Hang Bank- sources
Sources told Bloomberg that Beijing-based insurance firm Anbang Insurance Group was thinking of offering a bid for Hong Kong's Wing Hang Bank Ltd even though an Anbang press official said the company
Small businesses fuel subprime loans boom - report
The New York Times' The Dealbook reported that small businesses were now fueling a boom on the subprime loan business as investors look for more lucrative but riskier investments.
Massachusetts closes some of the highest-priced M&A deals in the US- SNL Financial report
An SNL Financial report showed that lenders in Massachusetts closed some of the priciest bank deals in the past three years in the US. Four mergers and acquisitions done in the Bay State made it to th
Increased litigation costs led to decline in bank profits in Q3 - FDIC report
The Federal Deposit Insurance Corp reported that the increased litigation cost at one unnamed institution was the primary reason why FDIC-insured banks and savings institutions posted decreased profit
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