Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms. US President Barack Obama recently revisited the issue on the need for major reforms on the housing market policies.
Merchant banks
Feds seize another USD2.1 million from Mt. Gox
Mt. Gox's financial worries further increased after the US Department of Homeland Security took USD2.9 million from its Dwolla account and another USD2.1 million worth of frozen assets from the company's Wells Fargo accounts.
JPMorgan worth more if broken up: analyst
An analyst said that if JPMorgan Chase & Co would have broken up into its four core businesses, it would be 30% more valuable to its shareholders.
China Merchants Bank to raise USD5.68 billion
Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.
Ten more Slovenian banks subject to state bank stress tests
Ten more Slovenian banks would undergo external stress tests commissioned by the Slovenian central bank.
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Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Chile's BCI would ask its shareholders to approve its USD 400 million capital hike to partly fund its acquisition of City National Bank.
Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
Nine more banks were hired by Barclays to manage its rights offering next month worth GBP 5.8 billion or USD 8.9 billion.
Milestone Aviation secures a US $300 million loan facility from Lloyds, Barclays and Lombard. Milestone Aviation Group said that it reached an agreement with three banks for US $300 million in loan facility.
President Barack Obama remains undecided on Federal Reserve chairman pick and will most likely extend consideration of the matter until the fall.
Regions Bank was “attacked” Friday and it is not clear who will pay the losses. Regions Bank experienced a "Distributed Denial of Service" (DDoS) attack.
England & Company has just hired Corey Luskin as Managing Director for its Technology Investment Banking Group.
Investors were flocking to several states to buy a house at a lower price albeit in cold cash. What do Nevada, Florida, Vermont, and New York have in common? It's the fact that more than half of house sales in these states involved all-cash transactions.
