The American Bankers Association, a group that represents mostly community banks, has filed a complaint challenging the final version of the Volcker Rule, Bloomberg reported.
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Gold set to incur its biggest yearly loss in 30 years - report
A report on Arabian Business read that gold will be recording its lowest annual plunge since three decades ago due to combined pressure from the monetary stimulus easing of the US Federal Reserve.
Report says Indian M&A transactions continue to drop this year
Mergers and acquisitions or M&A deals continue to decline in India this year as slow business growth, an uncertain economic climate and the instability of the foreign exchange rate led investors to be more cautious, the Business Standard said in a report.
China's urbanization rate to hit 60 pct by 2018 - report
China's urbanization rate is expected to hit 60 percent by 2018, according to a prominent government think tank report, two years ahead of previous official expectations, bringing a potential economic boost to the world's second largest economy.
No slump on Boxing Day as UK shoppers spent over £2.7B
A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.
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Moody's Investors Service says that the announcement on 24 December by Woori Finance Holdings Co., Ltd. (WFH) that NongHyup Financial Group Inc. (NH FG) is the preferred bidder to acquire Woori Investment & Securities Co Ltd
A report said the wave of hotel initial public offerings of Blackstone Group showcased a resurgence in one of the sectors that suffered the most during the recession, the hospitality industry.
In spite of the steep price cuts offered, consumers in the US did not do a lot of shopping in brick-and-mortar stores on the weekend before Christmas, Reuters reported.
During the financial crisis when the deal markets were quiet, banks parted ways with their senior investment bankers. Now that business has slowly revived, lenders are seeing that they are left with junior bankers that are a little wet behind the ears.
Investors have received billions of euros from European companies so cautious about the economic outlook they could find nothing better to do with spare cash, but many now want boards to snap up rivals instead - and are rewarding them when they do.
Every day, through eyes clouded by glaucoma, Peter witnesses the spending power generated by Singapore's economic success, knowing he can only afford to look.
Two foreign investments in Chinese financial institutions this month suggest China will not turn away cash from countries it has taken diplomatic or trade measures against after blaming them for interference in its domestic affairs.
Retailers are going to be ramping up efforts to lure buyers on the final weekend leading up to Christmas but shoppers intend to spend less, Reuters reported.
A survey from Jana, a mobile platform that connects brands with consumers in the emerging markets, revealed that a good number of respondents from Asian countries know about the Bitcoin.
