Hectic pace of Spanish bank deals to slow after Barclays sale
MADRID (Reuters) - Barclays’ sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country’s finance industry as...
Goldman Sachs plans debut sukuk issue as Islamic finance goes mainstream
DUBAI/KUALA LUMPUR (Reuters) - Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as...
Citi to pay $217,841 to settle OFAC violation liabilities
(Reuters) - Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S....
Citigroup expenses rise to meet stress testing
NEW YORK (Reuters) - Citigroup Inc’s (C.N) third-quarter expenses are running “slightly higher” than three months ago because of efforts to prove to regulators that its risk and balance sheet management...
Goldman cuts price target on Bombardier; sees further CSeries delay- Reuters
TORONTO (Reuters) - Goldman Sachs cut its price target on Bombardier Inc (BBDb.TO)(BDRBF.PK) and reiterated a “sell” rating on shares of the train and plane maker on Tuesday, warning it expected...
Swiss watchdog investigates Espirito Santo private bank
ZURICH (Reuters) - Switzerland’s financial regulator said on Wednesday it is investigating Banque Privee Espirito Santo SA (BPES), a Swiss private bank which is part of the Espirito Santo family’s troubled...
Credit Suisse says investigating allegations of employee misconduct
LONDON Sep 2 (Reuters) - Credit Suisse CSGN.VX said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The Wall Street...
Exclusive: Deutsche Asset & Wealth Management opens Dallas office in regional shift
NEW YORK (Reuters) - Deutsche Bank AG’s Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives...
The Fed Vice Chairman: FOMC is still paying attention to asset purchases
In his speech on the central bank’s new policy framework released on Monday by the Fed’s vice chairman Richard Clarida, there was no hint as to whether he would support changing...
Key hearing on Detroit’s historic bankruptcy begins in US court
DETROIT (Reuters) - Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal...