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

Fed reconsiders financial firms' physical commodity trading
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
Sheik's stake in Barclays sold
Sheik Mansour's stake in Barclays was sold last month.
China's central bank announces interest rate reform
China's central bank announced interest rate reform.
Recent Ukrainian court practice deemed to affect commercial transactions
Recent Ukrainian court practice was deemed to affect commercial transactions.
PacTrust Bancorp's merger is “unique to Southern California”
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
Canadian dollar fluorishes amidst crisis
While many currencies have floundered, the Canadian dollar has provided great returns to investors.
Pacific Potash engages Ocean Capital's services to secure funds
Pacific Potash engaged Ocean Capital's services to secure funds.
Bill to separate traditional and investment banking to be reintroduced
US senators have announced a plan to reintroduce Glass-Steagall Act.
New regulation allows Consumer Bureau to punish abusive collection methods by banks
The U.S. Consumer Bureau announced that banks supervised by them may now face penalties if they mistreat clients during collection.
Asian stocks rose with Europe rally, euro frets
Asian stocks were swept up by Europe's rally while Euro continued to sulk.
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