Poverty elimination, increasing incomes are part of World Bank goals
The elimination of poverty and improving incomes of the world's poorest were two of the goals of World Bank, its draft strategy paper showed.
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
China pushes private banks to raise private capital to avoid government bailout- analysis
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
European Commission continues to evaluate financial transaction tax
European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.
Hedge funds set to make money as Lehman Brothers makes full payout
Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
RBS raises GBP 630 million through sale of Direct Line shares
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
Barclays European wealth management chief quits bank
Emmanuel Fievet, Barclays Plc's head for UK and Europe had left the bank following Stefanie Drews' departure from the banks' group of wealthy clients and family offices in London.
London whale scandal cost JPMorgan USD1 billion in fines
JP Morgan Chase & Co. reached a milestone in cleaning up its legal affairs however it had also left the company a hefty USD1 billion settlement payments.
JPMorgan to settle “whale” probes with USD900 million payment
JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.
East West Bancorp and MetroCorp Bancshares announce merger agreement
East West Bancorp and MetroCorp Bancshares Inc. announced today the signing of a definitive agreement for the merger of MetroCorp into East West.
Spain's Bankia in talks to sell brokerage unit: source
Spain's Bankia had been in exclusive discussions with brokerage GVC to sell its own brokerage unit valued between EUR20 million and EUR40 million, said sources.
