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

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.
BofA encourage junior employees of corporate and investment bank to take weekends off
The Bank of America is discouraging its junior investment bankers from working on weekends as it seeks to promote better work-life balance for its employees, the Financial Times reported.
Mississippi's Britton & Koontz gets shareholder approval for Home Bancorp merger
Mississippi-based firm Britton & Koontz Capital Corp gained approval from its shareholders for a previously announced merger into Lafayette's Home Bancorp Inc that is valued at $34.5 million.
Banco de Chile top shareholder to sell up to around $1B in shares
LQ Inversiones Financieras, Banco de Chile's majority shareholder, will sell up to 6.9 billion shares equivalent to $963 million. The exit deal would reduce LQ's stake in the Chilean lender from 58.4%
Ohio's UB&T to merge with Indiana's Old National Bank in $173M deal
Michigan-based community bank United Bank & Trust (UB&T) is set to merge with Indiana-based financial holding firm Old National bank sometime this summer in a deal valued at $173.1 million.
Indonesia's CT Corp engages 13 banks for $1.275B syndicated loan- sources
Sources told Bloomberg that CT Corp, a diversified holding company based in Indonesia, has hired 13 lenders to market a syndicated loan worth $1.275 billion.
Austria's Raiffeisen Bank International halts sale of loss-making Hungarian subsidiary
Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accep
Raiffeisen Bank International to seek €2.25B capital hike
Raiffeisen Bank International, a subsidiary of Raiffeisen Zentralbank, may hike its equity capital by as much as €2.25 billion in the next six months. The Austrian lender will be selling shares to bol
Wells Fargo & Co create underwriting group to keep mortgages inhouse
San Francisco-based Wells Fargo & Co has given the task of originating mortgages for the largest home lender in the US to 400 underwriters, Bloomberg reported.
Citizens Financial Group to exit retail branches in Chicago area to US Bancorp
Citizens Financial Group, a unit of the Royal Bank of Scotland, said it had agreed to exit its Chicago area retail branches and small business operations to US Bancorp.
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