Orient Corp, a Japanese consumer credit company, had been probed by authorities for lending to crime groups with Mizuho Financial Group Inc.
Merchant banks
JPMorgan Chase to settle FHFA suit
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
Morgan Stanley's CFO reiterates ROE goals
With an average of USD6 billion revenues on 10% cost on equity, Morgan Stanley's CFO said the business is doing good.
Commerzbank to pass ECB stress tests
The increase in Commerzbank's overall financial value would help in passing tests conducted by the European Central Bank.
Regulators review instant messages of 'The Cartel'
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
Latest News
JPMorgan had valued notes at USD0.95 to the dollar, to be offered for the first time since January 2010.
After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders. Unicredit is studying to list a minority stake in its German unit, HVB.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
In a rare interview with a head of a Saudi bank, SBB MD David Dew said the current high loan rate can be sustained in the Gulf kingdom.
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
The Shanghai free trade zone is a testing ground for finance and economic policy in China. Shanghai's free trade zone would have Citigroup Inc and Bank of China Ltd as participants in the eleven square mile experiment.
NCUA files case against Morgan Stanley and 8 others for selling USD 2.4 billion in faulty securities
A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.
According to sources who told the Wall Street Journal, family-run Wing Hang Bank Ltd may get takeover bids from Australia & New Zealand Banking Group Ltd and United Overseas Bank Ltd of Singapore.
