Commercial banks

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..
Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion
Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year...
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Deutsche Asset & Wealth Management opens Dallas office in regional shift
Deutsche Bank AG's Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. The move is part of a global
Alibaba revenue soars ahead of IPO
China's Alibaba Group Holding Ltd [IPO-BABA.N], which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-co
Communications equipment maker Comtech explores sale
Communications equipment maker Comtech Telecommunications Corp said on Monday it is exploring strategic alternatives, including a possible merger or sale of the company, confirming a Reuters report ea
UK's SEH Group obtains £9.4M funding package from Lloyds
Suffolk, UK-based construction supplier SEH Group obtained £9.4million in funding from Lloyds Commercial Banking under the government's Funding for Lending Scheme (FLS) to support its growth and expan
Lehman Alum, investors see gold in delinquent mortgages as US economy recovers
A growing number of hedge funds and institutional investors are acquiring non-performing loans from banks and federal agencies who can no longer keep them due to expensive holding costs of such loans,
OAO Sberbank Chief Gref voices support for Bitcoin
Herman Gref, the Chief Executive of state-run Russian bank OAO Sberbank, has called on the Kremlin to prevent restrictions to the Bitcoin as lawmakers consider curbs, Bloomberg reported.
Pacific Commerce Bank Reports 2013 Financial Results, Net Income of $4.9 Million and Continued Loan and Core Deposit Growth
Pacific Commerce Bank today reported financial results for the fourth quarter and the twelve months ended December 31, 2013 that reflected annual net income after tax of $4.9 million along with anothe
New York Attorney General pursues case without damages claim on BofA's Merrill Lynch acquisition
The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.
Financial wrongdoing target for New York Attorney General
The Criminal Prosecutions Bureau has been expanded by New York Attorney General Eric Schneiderman to the Criminal Enforcement and Financial Crimes Bureau to focus on financial wrongdoing, Bloomberg re
Investors bet on homeless bond for promise of high yields- report
As demand for debt backed by commercial mortgages rise in recent months, yield-hungry investors are ready to make bets on loans packaged to non-traditional properties, the Financial Times reported.