Scandinavian banks have been called out by S&P analysts
Standard and Poor's analysts have criticized the practice of Scandinavian banks.
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
IberiaBank expands with new branches
IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank.
Atlantis, The Palm finalizes loan facility worth USD880 million
Several local and international banks come together to provide a loan facility worth USD880 million for Atlantis, The Palm.
Africa's richest man to fund Nigeria's largest oil refinery plan with loan
Dangote Group president and Africa's richest man Aliko Dangote signed a loan worth USD3.3 billion with 12 local and international banks to fund a USD3 billion proposed oil refinery complex in Nigeria.
The EU setting up policies to curb 'shadow banking' practices
New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.
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.
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.
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.
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.
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.
