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...


Latest News

Morgan Stanley to widen share buyback plan, will seek regulatory approval - report
A Wall Street Journal report cited sources who said Morgan Stanley plans to seek approval from the US Federal Reserve regarding its plans to widen its share repurchase program.
Chong Hing Bank shares plunge as trading resumes
After accepting Yue Xiu Group's takeover bid, shares of Chong Hing Bank dropped the most in five weeks.
Countrywide verdict a major victory for US Justice Department- report
The US Justice Department scored a major win when a New York federal jury found the Countrywide unit of Bank of America guilty for mortgage fraud.
JPMorgan nears settlement deal with institutional investors- source
A source told Reuters that JPMorgan Chase & Co was nearing a settlement deal with institutional investors that included BlackRock, Pacific Investment Management and Neuberger Berman.
JPMorgan may not yet see end to criminal probe- sources
Sources told Reuters that the end to the probe of JPMorgan's criminal liability about the mortgage bonds it issued in the financial crisis could be far from over.
JPMorgan and FHFA forge settlement agreement
JPMorgan to pay FHFA USD5.1 billion as settlement for loans and mortgage backed securities issues.
Loans set to fund the Cameron LNG Project being lined up
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
Pliteq Inc scores USD 1 million from TD Commercial Banking
TD Commercial Banking provided USD 1 million in financing to Pliteq Inc.
Lehman files suit against Giants Stadium over swap contracts
Lehman Brothers Holdings Inc and Giants Stadium LLC could not agree on the settlement amount of two interest-rate swap contracts the latter had cancelled.
Saudi debt and equity capital markets hire HSBC on deals
Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals.
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