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.
Merchant banks
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion.
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
Wall Street gains prop up stocks in Asia, Australia
Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose...
Argentina to issue $15-bln bonds, returns to credit markets
Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bo..
Latest News
IPIC pays off loan that purchased bank stake
A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital.
FIRREA law's coverage exempts no one
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
Saudi debt and equity capital markets hire HSBC on deals
Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals.
Chong Hing Bank trading halted pending confirmation of buyout
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Five banks to bid for Chicago area branches of Citizens Financial Group
Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.
Bank of Canada retains interest rate levels
Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.
Dutch Rabobank to settle claims of yen manipulation
Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.
Former JP Morgan executive to clear name in London Whale scandal
Achilles Macris, former CIO of JPMorgan, said he was denied due process for he was denied the opportunity to respond to the allegations.
Deutsche Bank conducts internal inquiry
Like many other regulatory authorities, Deutsche Bank is conducting an internal review of conversations and electronic communication for allegations of rigging the the benchmark interest rates.
