Deutsche Bank has primarily agreed settling lawsuit centering ‘Silver Fix’ scam on Wednesday. Under the agreement, the German bank will have to count monetary penalty while helping the plaintiff investors in suits with other banks. Both the agreed parties have declined to elaborate terms and conditions for this accord.
Owners of Hong Kong lender Wing Hang Bank Ltd. had received preliminary bids for its sale. It has engaged Goldman Sachs Group Inc. to advise it on the deal. Wing Hang plans to sell the company for USD4.5 billion.
Canada's largest lenders are turning to wealth management to spur growth in the wake of the slowdown in capital markets and lesser borrowing among consumers, a Bloomberg report said.
ING Groep NV's Canadian online bank is to be known as Tangerine.
Scotiabank withdrew its offer for Bank of Guangzhou's 20% stake after Chinese authorities' refusal for its Can$719 million bid.