Europe’s biggest banks turmoil can hurt the financial institutions in the United States. The signs can easily be seen in Stock market, where many bank shares dropped down again. Citigroup sinks down to 10.5% where as Bank of America dropped down to nearly 11%. The fall in Morgan Stanley was 9.7 percent whilst Golden Sachs was [...]

Tuesday saw HSBC Holdings; the biggest bank of Europe, saying that it was holding discussions regarding the likely sale of its card & retail services business in the US. The company told Hong Kong Stock Exchange that these talks were ongoing and no decision had been taken as of now. It added that whenever HSBC [...]

As per Willem Buiter, Citi Chief Economist piloting the fiscal swamp of America – even if investors don’t tumble down – will not be pretty. According to what Buiter believes the US defaulting in the midst of an impasse in Washington over lifting the cap on debt ceiling is unlikely, but at the same time [...]

Analysts at Citigroup have stated that with the capital ratios and asset quality getting better the stressed banking sector of Italy is improving bit by bit. This month has seen Italy’s economy which is the third largest in the euro zone, coming sharply into focus, following internal strife among public in the Italian government and qualms of financial [...]

Hardly a few months back, JPMorgan Chase traders experienced such a smooth sailing that there was not a single day they had to suffer, in the first quarter. However the hot streak seems to come to an end with the bank reporting its second-quarter results this week. According to the expectations of the analysts, JPMorgan [...]

IMF (International Monetary Fund) Snared By Major Cyber Attack The latest organization which has fallen prey to an imperative cyber attack is none other than The International Monetary Fund, the intergovernmental group which keeps an eye on the global financial system, bringing together a total of 187 member nations under its umbrella. The main motto [...]

United States securities regulators are in prime stage of discussion to resolve probes that involve sales of very complicated mortgage bond deals which lead to the eruption of financial shortage, according to Wall Street Journal statement, mentioning people familiar with the same matter. The United States SEC (Securities and Exchange Commission) investigation comprises of mortgages [...]

The Citigroup is thinking over its decision to start a small group of flag-ship bank branches in the major European cities in the next year, to expand its focus retail offer again on the rich global citizens, said the Financial Times on Friday. According to the Financial Times, the bank, whose transactions in Greece, Spain, [...]

The automobile industry is still an open space of competition and a bigger brand coming with their IPOs is an evidence of that fact. Recently when The General Motors went ahead with a proposal of bringing an initial public Offering (IPO) in the market to the bankers, they were received by a huge round of [...]

Since the Australian market is almost regulated by its mortgage system hence the government wants more foreign banks to enter and grow their local operations in the country. The reports reveal that international banks have a very little share in the stock market of Australia that is already dominated by its four big local banks. [...]