Commercial banks

JPMorgan Chase Is Ready to Leave China if Ordered by US Government, Bank CEO Jamie Dimon Says

JPMorgan Chase CEO Jamie Dimon said Wednesday that the bank would leave China if directed by the US government.


Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

Metro Bank shareholders are facing a pivotal decision as they vote on a rescue deal crucial to the bank's future...

Canada Dispenses Investment Structure; Opts Faster Economy Growth

Canada is trying to get their infrastructure as quickly as possible to spur growth...

Twitter Still to Decide October Self Selling, Maintains Silence over the Matter

Twitter has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on October 27, that is according to the people familiar w..


Latest News

Drought leaves SA farmers owing $7.5 bln to banks
The debt burden of South African farmers reached to over Rand 125 billion ($7.5 billion). The total debt of farmers was up 14 percent in 2015 to Rand117 billion. Economists alert that the prevailing s
Goldman Agrees To Pay $5.1 billion, Resolves 7 Years’ Pending Mortgage Security Dispute
Goldman Sachs Group Inc. has finally agreed to pay $5.1 billion on Wednesday to resolve a seven years’ pending dispute over faulty mortgage securities. The penalty amount remains lower compared to tho
Asian Stocks Dipped As Wall Street Plunged: China's Slowdown, Slump In Oil Prices Dominate
The Wall Street took a second plunge on Wednesday in the first two weeks of 2016 after trading failed to pickup after Tuesday. This sent ripples to global markets especially Asian markets which all cl
MUFG buys 20% stake in Philippines' Security Bank
Japan’s Mitsubishi UFJ Financial Group is said to have agreed to buy a 20 percent stock in Philippines' lender Security Bank Corp for $773 million (36.9 billion pesos), as an effort to strengthen its
2016 may be tough for UK manufacturers as confidence eases
The weakening business confidence coupled with global economic challenges is impacting the UK manufacturing sector in more negative way. Despite odds forecast for 2016, majority of manufacturing firms
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors
U.S. banks ramp up credit card lending but margins may suffer
As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses.
Loyal depositors shoulder Turkey's Bank Asya while political war rages
Selling everything from their sofas to their wedding rings, Bank Asya clients are battling to shore up the Turkish lender against what they say is a government-orchestrated bid to scuttle it.
Bank of America shares to rise 50 percent in three years: Barron's
Bank of America Corp (BAC.N), the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday.
Goldman Sachs plans sukuk issue as Islamic finance goes mainstream
Goldman Sachs (GS.N) is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money
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