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US Dollar Notes

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 the top 20 list.

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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 profits in the third quarter this year.

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Banco Popular

Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.

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Bank of America Merrill Lynch

Spain's 'bad bank' sells loan bundle to Bank of America - sources

Bank of America Merrill Lynch has bought a small package of loans from Spain's so-called 'bad bank' Sareb, helping the vehicle to surpass year-end sales targets, two sources familiar with the situation said on Monday.

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Bangkok, Thailand

Thai govt's collateral-free loan scheme may not combat loan sharks-report

The new collateral-free microfinance program set to be implemented next year by the Finance Ministry of Thailand to fight illegal loan sharks may not gain wide acceptance due to its high interest rate, according to a report on The Nation.

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China set to overtake Japan in this year's outbound M&A deals

China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.

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Kareem Serageldin

Former Credit Suisse banker Serageldin gets 30 months

Kareem Serageldin, a former banker of Credit Suisse, was sentenced to 30 months in prison for his role in the scheme that inflated the prices of subprime mortgage bonds artificially at a time when housing and credit conditions were taking a turn for the worse.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.

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Goldman Sachs

Goldman Sachs burned by bad currency bets in 3rd quarter

Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show, offering some insight into why the firm, reported its worst quarter in a key trading unit since the financial crisis.

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Marijuana Plant

US regulators, banking industry set talks to for guidelines on marijuana banking

The US Treasury Department will meet with the banking industry in December to give guidelines on how to deal with marijuana businesses in states that have legalized marijuana use.

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US Bancorp

US Bancorp subsidiary purchases Quintillon to expand its alternative investment business in Europe

The consolidation of US Bancorp Fund Services and Quintillion Limited would allow the former to expand its operations in Europe via its new strategic headquarters in Dublin.

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Nedbank Group Ltd

Nedbank Group plans to exercise option to purchase Ecobank Transnational Inc stake

Nedbank Group, headed by Chief Executive Officer Mike Brown, said it plans to use its option to acquire a stake in Togo-based Ecobank Transnational Inc valued at more than USD 500 million.

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Bank of America Merrill Lynch

Bank of America Merrill Lynch leads in deals in India

Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.

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Top deals of the day - Bids, Mergers and Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.

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Reserve Bank of India

India denies Reserve Bank of India's request for exemption from Competition Act

A request by the central bank of India to be given exemption from the provisions in Section 54 of the Competition Act, which seeks to regulate bank mergers within a certain period, India's Ministry of Corporate Affairs rejected such request.

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