Banking regulator banking asked the European Central bank for details on what qualifies as debt. Bafin, Germany's banking regulator, wants the European Central Bank (ECB) to provide more information about the type of debts lenders would qualify for, according to a report by Bloomberg.
Legal & Regulatory
Wells Fargo settles mortgage bonds issues with FHFA
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
Citigroup preparing sale of mortgage backed securities, its first since 2008
Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
Commercial Bank of Qatar to issue bonds
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
AUB looks for acquisitions overseas
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Latest News
Investment banks Citigroup Inc. and JPMorgan Chase & Co. put their top London currency dealers after regulatory probe.
OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
Three Federal Home Loan Banks withdrew their objections at the settlement of a New York lawsuit offered by the Bank of America for its Countrywide unit.
A billion dollar merger has been settled between US Airways Group and American Airlines In the hopes of winning regulator approval of the USD11 billion merger, US Airways Group and American Airlines considered to give up landing and take-off slots at the Washington Ronald Reagan National Airport.
Energy Future Holdings planned to make coupon payments worth USD 270 million to creditors as a possible bankruptcy loomed.
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
Infosys settled with US Department of Justice for US$34 million over visa fraud case. Infosys Ltd. , has announced that it has entered into a settlement with the U.
