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Merchant banks

Bank of America

Termsheet reveals Bank of America sells USD 1.5 billion stake in China Construction Bank Corp

A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.

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Al Baraka Bank

Al Baraka plans Islamic bond issuance of over USD 200 million

Al Baraka Turk bared its plans to issue more than USD 200 million in Islamic bonds late this year or early next year.

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Bidders for EVO Banco identified by news report

The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.

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US regulators press JPMorgan Chase & Co for at least USD 6 billion to settle lawsuits- source

A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.

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RHJ International

RHJ says German regulator to give decision on BHF purchase by end of September

RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.

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Societe Generale

Sources reveal SocGen plan to launch USD 300 million Islamic bond program in Malaysia

Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.

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Wells Fargo & Co

Wells Fargo plans Asia expansion of fund services customers

Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.

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Feds seize another USD2.1 million from Mt. Gox

Mt. Gox's financial worries further increased after the US Department of Homeland Security took USD2.9 million from its Dwolla account and another USD2.1 million worth of frozen assets from the company's Wells Fargo accounts.

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JPMorgan Chase & Co

JPMorgan worth more if broken up: analyst

An analyst said that if JPMorgan Chase & Co would have broken up into its four core businesses, it would be 30% more valuable to its shareholders.

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China Merchants Bank to raise USD5.68 billion

Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.

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Banks in Slovenia

Ten more Slovenian banks subject to state bank stress tests

Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.

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Credit funds in China

China poll sees local debt as future problem

Recent survey results conducted by Chinese economists feared that the local government loans will amount to future problems for the state.

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Raiffeisen Bank International

RBI CEO seeking other options

Raifeisen Bank International CEO said financial investors would prop up its capital requirements.

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Fannie Mae & Freddie Mac

Obama reopens issue on housing reforms

Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms.

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New York Stock Exchange Workers

Financial sector near to recovery of S&P top spot

Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.

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