Investment banks

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...


Latest News

Banks increasingly reliant on growing equity markets
Banks are growing more reliant on the growing market for equities as they get nearly half of their fourth quarter investment banking revenues from equity trading and underwriting, the Financial Times
Moelis & Co planning public debut--source
Investment bank Moelis & Co founded by Wall Street dealmaker Ken Moelis is planning an IPO together with Goldman Sachs Group Inc and others.
Deutsche Bank acquires Frankfurt tower from CBRE Global Investors for $326M
Deutsche Bank has acquired the WestendDuo office tower in Frankfurt from CBRE Global Investors for about €240 million. The German lender also bought an office-development project in Paris, called In S
Creditors of bankrupt Brazilian bank Banco Cruzeiro do Sul propose debt-to-equity swap
In an attempt to get their money back faster, creditors of Brazil-based Banco Cruzeiro do Sul, are looking for a debt-to-equity swap on an unsecured debt valued at 2.3 billion, Bloomberg reported.
China's Fosun International Ltd to buy insurance arm of Portugal's state bank for €1B
The insurance unit of Portugal's Caixa Geral de Depositos SA will be acquired by China's Fosun International Ltd in a deal worth €1 billion, Reuters reported.
Santander Consumer eyes $8.4B valuation in IPO
Santander Consumer USA Holdings is seeking a valuation of as much as $8.4 billion in its initial public offering. The auto loan company owned by Spain's Banco Santander as well as private equity firms
US regulators seek to tighten standards on muni advisers- report
The Municipal Securities Rule-making Board has released draft rules today aimed at tightening the standards that govern the conduct of firms that give advice to public officials regarding their munici
Thailand's PTT not bidding for Shell's petrol stations in Australia -official
A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling
Singapore's OCBC unveils $100M China private equity fund
Singapore's Oversea-Chinese Banking Corp. Ltd. recently launched a $100 million private equity fund to invest in onshore Chinese companies over the next five years. The said fund will managed by OCBC
JPMorgan picks up stake in US trading platform Chi-X Global
US-based multinational banking and financial services firm JP Morgan Chase & Co purchased an equity stake in alternative trading systems operator Chi-X Global Holdings LLC for an undisclosed sum.
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