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

US bank group challenges Volcker rule in court
The American Bankers Association, a representative of majority of the community banks in the US, said the provision on banning investments in collateralized debt obligations will result to the lenders
Italy's Banca Popolare di Vicenza to grow through acquisitions- paper
Popolare Vicenza Chairman Gianni Zonin told an Italian daily that Banca Popolare di Vicenza intends to grow its branches to a thousand from its current 690 through acquisitions.
US bank regulators mull Volcker rule tweak
US bank regulators said they would consider allowing banks to hold on to complex securities despite the Volcker rule prohibiting them from owning such and would arrive at a decision in the middle of J
Textron looking to borrow $1.1 B to finance its Beechcraft acquisition
Textron Inc Chairman and Chief Executive Officer Scott Donnelly disclosed to analysts and investors in a teleconference today that it will be financing its acquisition of Beech Holdings LLC via debt.
BofA's legal costs rise because of Countrywide deal- report
The Los Angeles Times reported that the legal costs of Bank of America could continue to rise, mostly due to its ill-fated acquisition of Countrywide Financial Corp in 2008.
Cash-rich Islamic banks seek to invest in Western businesses
Islamic banks want to diversify their investments outside of the Middle East and real estate and are seeking to work with Western businesses that comply with the Shariah law.
UK to consider new rules to raise funding for SMBs
The UK government is mulling on rule changes that would make it easier for small and medium-sized businesses (SMBs) to obtain funding from alternative financiers and new banks.
NH Investment & Securities shares surge as parent firm named frontrunner to purchase Woori Investment
Shares of NH Investment & Securities Co gained the most in more than three years after Woori Finance Holdings said its parent company NH Financial Group Inc was the frontrunner to purchase the Woori I
Morgan Stanley to sell India mutual funds assets to HDFC
Morgan Stanley is selling its Indian mutual fund assets to a joint venture between India's HDFC and Britain's Standard Life, becoming the latest foreign asset manager to quit India.
Quiet years leave European lenders with less experienced investment bankers- report
During the financial crisis when the deal markets were quiet, banks parted ways with their senior investment bankers. Now that business has slowly revived, lenders are seeing that they are left with j
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