Buying a house? Bring cash
Investors were flocking to several states to buy a house at a lower price albeit in cold cash.
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
PacWest acquires CapitalSource Inc
PacWest Bancorp said that they will acquire CapitalSource Inc for US$2.29 billion in cash and stock options.
Tax charges and a merger make Julius Baer's profit fall
Julius Baer's profit fall 30% due to tax charges and a merger.
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.
