FSA announced that Danish banks will be free to use hybrid debt instruments that has ended bank speculations on the use of equity alone to fulfill lender requirements.
Investment banks
Axis, ICICI, HDFC Bank Gets Fined for KYC Violations
The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
Freddie Mac Sells Off Bills At Higher Than Market Rates
Freddie Mac announced a higher than market average value for its three month and six month bonds totalling US$3 billion.
Bank Al Khair to Merge with Khaleeji Commercial Bank
According to sources, Bank Al Khair is expected to merge with commercial bank, Khaleeji Commercial Bank.
Sumitomo Sells Off Stake in Barclays
Sumitomo Mitsui Banking Corp sells its shareholdings in Barclays to Nomura Securities. Sumitomo Mitsui Banking Corp of Japan had announced the sale of its shareholdings in British bank Barclays.
Latest News
The Manhattan State Supreme Court finally got Bank of America set for trail with its US$8.5 billion settlement with home loans bundled into securities.
Dubai shares moves up to its highest since 2008 and could end up being reclassified by HSBC to emerging market status.
China is directed to a more stable economy as President Xi Jinping announced manufacturer expansion.
HSBC is planning to sell off shares totalling of 98.94% of its stake with the PT Bank Ekonomi in Indonesia.
The Moroccan institution Attijariwafa Bank is set to raise US$500 million through a foreign bond float.
The Brazilian National Bank would be funding the railroad connection between Ethiopia and South Sudan.
CPG International owners engages banks for its sale at a possible value of around US$1.5 billion. CPG International, the building materials maker, is being prepared by its ownership for a sale.
Ibercaja has finalized an agreement to purchase Caja 3. Ibercaja, the mid sized Spanish financial institution, said on Thursday that it has settled an agreement to buy out Caja 3, a smaller Spanish bank.
Emirates NBD to do bond issue. Amidst healthy demand, the Emirates NBD had launched a bond issue worth US$1 billion to allow the Dubai lending institution a focused price guidance.
