UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.
Investment banks
JPMorgan Chase Aims to Attract 15% of US Consumer Deposits, Expand Credit Card Share
JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.
Citi to End Operations in Haiti After 50 Years
Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country.
Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
Goldman Sachs Plans to Double Lending to Ultra-Wealthy Private Bank Clients in the Next 5 Years: Report
Goldman Sachs plans to double its lending to wealthy private bank clients in the next five years. Goldman Sachs plans to double its lending to wealthy private bank clients with account sizes surpassing $10 million in the next five years.
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New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading.
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.
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
Goldman Sachs and Barclays are reportedly vying to acquire General Motors' credit card business.
Goldman Sachs has appointed Carey Halio, the head of strategy and investor relations, as its new global treasurer.
Even if China's economy slows down, the Asian Development Bank (ADB) said it will still be the largest growth engine for the world economy.
The board of JPMorgan Chase has named the potential successors to CEO Jamie Dimon. The board of JPMorgan Chase has named the potential successors to CEO Jamie Dimon, signaling preparations for a leadership transition at the largest US bank.
