Twitter IPO target pushed up by Wall Street brokerages
Twitter initial public offerings increased to USD26 per share by The Wall Street brokerage.
Investment banks
UPS Picks Goldman Sachs to Oversee Its $43.4 Billion Pension Funds
UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Gol...
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regul...
Latest News
ING to exit from mortgage securities for EUR400 million profit
ING Group announced its exit from its EUR24 billion or USD33 billion mortgage securities portfolio.
Mashreq Bank introduces technological innovations to its branches
Staff-less branches is the future, according to Mashreq Bank CEO.
Wall Street firms may disappoint bankers on bonuses
Bankers might be disappointed with Wall Street as firms would be setting aside more money for investors.
Federal Home Loan banks drop objections to BofA settlement of Countrywide
Three Federal Home Loan Banks withdrew their objections at the settlement of a New York lawsuit offered by the Bank of America for its Countrywide unit.
Arhammar Short Alpha Fund bets on underperforming stocks
Two former Kynikos analysts establish Arhammar Short Alpha Funds to bet on falling stocks.
Essent Group raises USD 335 million in IPO
Essent Group raised USD 335 million for its initial public offering in the US.
Stanford Marine hires bank for London stock market listing
Stanford Marine Groups prepares for its debut in the London stock market, hires heavyweight investment bankers.
Kleinwort Benson renews deal to buy out Deutsche Bank’s BHF-Bank
RHJI renewed a deal with co-investors to successfully acquire Deutsche Bank’s BHF-Bank.
News Corp secures USD 650 million revolving credit line
News Corp received a five-year revolving line of credit amounting to USD 650 million.
