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.
Legal & Regulatory
AUB looks for acquisitions overseas
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
The Basel group drafts new bank trading-book rules
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
Euro gains a result of ECB Bank Test
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.
Germany's Bafin wants more information from ECB on debts
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.
Latest News
A billion dollar merger has been settled between US Airways Group and American Airlines In the hopes of winning regulator approval of the USD11 billion merger, US Airways Group and American Airlines considered to give up landing and take-off slots at the Washington Ronald Reagan National Airport.
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
Infosys settled with US Department of Justice for US$34 million over visa fraud case. Infosys Ltd. , has announced that it has entered into a settlement with the U.
The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.
Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.
Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
