Industry
U.S. bank group threatens lawsuit over Volcker rule
The American bankers Association on Monday said it would mount a legal challenge to the "Volcker rule" unless U.S. banking regulators softened a provision of the rule that restricts bank ownership of certain investments.
Retailers' woes continue as US consumers shop less on final weekend before Christmas-report
In spite of the steep price cuts offered, consumers in the US did not do a lot of shopping in brick-and-mortar stores on the weekend before Christmas, Reuters reported.
Quiet years leave European lenders with less experienced investment bankers- report
During the financial crisis when the deal markets were quiet, banks parted ways with their senior investment bankers. Now that business has slowly revived, lenders are seeing that they are left with junior bankers that are a little wet behind the ears.
No sellers seen even as Scandinavian phone firms say takeovers beneficial- report
There are no sellers even as Scandinavian phone companies believe that mergers would benefit not only the region but corporate earnings as wel.