Several local and international banks come together to provide a loan facility worth USD880 million for Atlantis, The Palm.
Merchant banks
After regulatory investigations, JPMorgan Chase beefs up oversight- sources
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
Basel IV requirements would need another GBP50 billion for compliance
UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.
Barclays reveals it will spend GBP 1.4 billion in consumer bank overhaul
Barclays said would spend GBP 1.4 billion to revamp its consumer banking unit. London-based Barclays Plc said it would be spending an estimated GBP 1. 4 billion or USD 2.
Pundits, analysts see US Crop Insurance program a money-laundering scheme
Analysts and pundits alike saw that private insurers who received state aid are reaping more benefits than they should.
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Dangote Group president and Africa's richest man Aliko Dangote signed a loan worth USD3.3 billion with 12 local and international banks to fund a USD3 billion proposed oil refinery complex in Nigeria.
New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.
A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.
Al Baraka Turk bared its plans to issue more than USD 200 million in Islamic bonds late this year or early next year.
The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.
