In a move designed to avoid default, ThyssenKrupp was able to receive an extension of its credit lines from banks before its planned share sale.
Breaking News
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Tom Bolland, current COO of Lehman is helping wind down the bank's business.
HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank.
Milestone Aviation secures a US $300 million loan facility from Lloyds, Barclays and Lombard.
US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank.
Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion.
Russia's Gazprombank has withdrawn from the Swiss franc Tier 2 Bond deal, source revealed.
The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.
Mauritius Commercial Bank is aiming to raise 5 billion rupees.
