Merchant banks

US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report

The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks.

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...

Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services

Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering...

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...

Latest News

Judge approves tentative deal for Countrywide
Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
Morgan Stanley projects recovery in Middle Eastern investment banking market
The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
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.
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.
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