A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
Legal & Regulatory
JPMorgan Chase & Co, US Justice Department face snag in USD 13 billion settlement- sources
Disagreements slowed down talks about the USD 13 billion settlement of JPMorgan Chase & Co and the US Department of Justice, sources told Reuters.
US Department of Justice's FIRREA strategy may affect relationship with Wall Street
Reuters reported that the use of FIRREA in the Department of Justice's case against Bank of America could change the relationship between Wall Street and the government regulator.
Chancellor Merkels' conservatives, SPD plans grand coalition government for Germany
Discussions for the formation of a grand coalition government in Germany had already begun. Talks had begun in Germany for a grand coalition government to be put in place by Christmas.
Analysts see no changes to Fed monetary policy- report
A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.
Latest News
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
The Euros consistent climbed has encouraged currency repatriation in Europe. The Euro gained traction and reached a two-year high against the US dollar this month, according to a report by Bloomberg.
Banking regulator banking asked the European Central bank for details on what qualifies as debt. Bafin, Germany's banking regulator, wants the European Central Bank (ECB) to provide more information about the type of debts lenders would qualify for, according to a report by Bloomberg.
Investment banks Citigroup Inc. and JPMorgan Chase & Co. put their top London currency dealers after regulatory probe.
OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
