JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
Commercial banks
Barclays Plc freeze accounts of its clients in the UAE
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
HSBC set to earn USD19.5 million in Canaletto painting sale
HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.
Vapores finalizes loan package to expand fleet
A USD347 million loan package was finalized by Chilean shipping form Compania Sud Americana Vapores to purchase new ships.
Deutsche Post gets EUR 2 billion loan
Deutsche Post raised a EUR 2 billion through a revolving credit facility. Deutsche Post obtained a EUR 2 billion or USD 2. 7 billion loan as interest rates fell in Germany.
Latest News
NCUA files case against Morgan Stanley and 8 others for selling USD 2.4 billion in faulty securities
A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.
Sources told Reuters that the United Overseas Bank of Singapore and the Australia & New Zealand Banking Group was contemplating a bid for Wing Hang Bank.
According to a Forbes report, the use of mobile phones as mobile money platforms has grown. According to a Forbes report, the use of mobile phones as mobile money platforms has increased in South Africa.
Bob Diamond, the former CEO of Barclays, said he planned to purchase more Barclays shares in the bank's rights offering.
According to a statement today, a group led by private equity firms Corsair Capital LLC and Centerbridge Partners LP would be preferred by Royal Bank of Scotland Group Plc to purchase its 314 branches.
According to sources who told the Wall Street Journal, family-run Wing Hang Bank Ltd may get takeover bids from Australia & New Zealand Banking Group Ltd and United Overseas Bank Ltd of Singapore.
JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
Because of the increase in fines and penalties payable for the second half of 2013, JPMorgan Chase's share repurchase plan may be put on hold.
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
