Sep 18, 2024 Last Updated 05:48 AM EDT

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JPMorgan Chase Aims to Attract 15% of US Consumer Deposits, Expand Credit Card Share

JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.

Citi to End Operations in Haiti After 50 Years

Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country...

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...

Goldman Sachs Plans to Double Lending to Ultra-Wealthy Private Bank Clients in the Next 5 Years: Report

Goldman Sachs plans to double its lending to wealthy private bank clients in the next five years...

Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error

Citigroup Inc. was fined £61.7 million ($79 million) by British regula...

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

The Federal Reserve and two other US regulators are reportedly conside...

Latest News

Cisco invests $6M in Badia Impact Fund to support startups in Jordan
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011
Sina hires Goldman Sachs and Credit Suisse for Weibo's New York IPO
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Ti
Financial crisis fears rise while Wells Fargo eases way back into subprime home loans
Wells Fargo & Co is now making its way back to the subprime mortgage market, potentially bringing fears that US lenders will be making the same mistakes that prompted the financial crisis, Reuters rep
To ease their dependents on banks, Ireland's agri-food firms encouraged to seek funding from private venture sources
AgriFood Business Partners Finance Director Cathal Fitzgerald urged Ireland's food processors and dairy cooperatives to seek capital from private venture sources, the Irish Examiner reported.
Greece's National Bank intends to sell private equity business-sources
Three banking sources told Reuters that Greece's National Bank has plans to divest its London-based private equity arm NBGI in order to increase its capital.
Blue Bottle Coffee raises $25.7M
Blue Bottle Coffee was able to raise a $25.7 million investment in a financing round led by Morgan Stanley Investment Management, a source told TechCrunch.
Cascadia Capital Advises on the Sale of Zuke's to Nestle Purina Petcare
Cascadia Capital, a diversified, boutique investment bank today announced its Consumer Practice advised Zuke's, LLC (d/b/a Zuke's) on its sale to Nestlé Purina PetCare Company, a subsidiary of Nestlé
JPMorgan ceases work on Chinese IPO candidate as US regulators investigate hiring practices- sources
JPMorgan Chase & Co has stopped working on the planned initial public offering of Chinese firm Tianhe Chemicals as US regulators continue its probe of the bank's hiring practices in China, Reuters rep
As private equity buyers exit investments, Goldman Sachs sees wave of South African listings
Goldman Sachs Group Inc is predicting a flood of initial public offerings to be held in South Africa as private equity buyers divest their investments, Bloomberg reported.
New York's RCS Capital agrees to purchase JP Turner
New York, US-based public holding company RCS Capital Corp entered a deal to buy Atlanta, Georgia-based investment banking firm JP Turner & Company for an undisclosed sum.

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Intel Will Lay Off Over 15,000 Workers After Posting a $1.6bn Loss in Revenue

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Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short
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