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December 10, 2019

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Reuters - Business

Choppy markets leave U.S. bank bonus decisions in limbo

Reuters
by Reuters01
NEW YORK (Reuters) – December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in...
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CNBC Business

A blockchain firm advised by Nobel laureate Myron Scholes just launched a rival to Facebook’s libra

CNBC
by CNBC04
Saga is launching a virtual currency which pegs its value to the basket of currencies that form the IMF’s special drawing rights. Source link: Click here for more
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Reuters - Business

JPMorgan banker testifying for cartel prosecutors says there was no agreement

Reuters
by Reuters04
SYDNEY (Reuters) – A prosecution witness in an Australian criminal cartel case against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity. FILE PHOTO: A sign outside the headquarters of JP...
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Reuters - Business

JPMorgan banker says he spent a year meeting regulator in Australian cartel case

Reuters
by Reuters04
SYDNEY (Reuters) – A senior JPMorgan Chase & Co (JPM.N) banker spent over a year in meetings with the Australian antitrust regulator before signing a statement that would be used to bring criminal cartel charges against two rival banks and their executives, a court heard on Friday. FILE PHOTO: A...
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Reuters - Business

U.S. banks cram for Fed risk test, with ripple effects in repo

Reuters
by Reuters011
NEW YORK (Reuters) – New quarterly data from the biggest U.S. banks suggest that some will need to back away from short-term lending markets by year-end to avoid triggering requirements that they hold more capital. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S.,...
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Reuters - Business

U.S. Fed approves merger between BB&T, SunTrust Banks

Reuters
by Reuters08
FILE PHOTO: A BB&T bank is pictured in Alexandria, Virginia July 22, 2010. BB&T Corp. shares were lower after the bank came in with higher profit but fell short of earnings forecasts. REUTERS/Molly Riley WASHINGTON (Reuters) – The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T...
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Reuters - Business

Aramco IPO banks face pared payday of $90 million or less: sources

Reuters
by Reuters010
DUBAI/LONDON (Reuters) – The army of banks working on Saudi Aramco’s listing will earn combined fees of $90 million or less, according to three sources involved in the process, after the oil giant scaled back a deal initially viewed as a golden opportunity for high finance. FILE PHOTO: Saudi Aramco...
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CNBC - Real Estate

Hong Kong has ‘crossed the Rubicon’: Standard Chartered

CNBC Real Estate
by CNBC Real Estate09
It’s unlikely for Hong Kong to go back to “normal,” but from a business point of view, it’s unlikely that the unrest in Hong Kong will undermine the long-term future for the city as an offshore business center for China, says Clive McDonnell of Standard Chartered Private Bank. He also...
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Reuters - Business

HSBC and RBS set to launch new digital banking platforms

Reuters
by Reuters013
LONDON (Reuters) – British banking heavyweights HSBC (HSBA.L) and RBS (RBS.L) are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of a wave of online startups. FILE PHOTO: People walk past a HSBC signage in Singapore October 8 2019. REUTERS/Feline Lim/File Photo...
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CNBC Business

Jamie Dimon, who made $31 million last year, thinks wealth inequality is a problem

CNBC
by CNBC053
The J.P. Morgan Chase CEO also deflected questions about him making $31 million in 2018, saying: “I have nothing to do with it.” Source link: Click here for more
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Reuters - Business

Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case

Reuters
by Reuters09
SYDNEY (Reuters) – Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) may cross-examine four antitrust investigators involved in a criminal cartel prosecution against them, an Australian court ruled on Friday, a win for the defence in a closely watched legal battle. FILE PHOTO: The Citigroup Inc (Citi) logo is seen...
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