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US "Too Big To Fail" Banks Top $1 Trillion - What Happens Next?

For the first time ever, the market cap of America's "Big Four" banks topped $1 trillion having surged 30% since Donald Trump was elected president. While to some this is cause for celebration, we note t.....»»

Category: blogSource: zerohedgeMar 21st, 2017

Over charging retirees: US pension funds sue Goldman, UBS, others

(Reuters) - Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co , accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market......»»

Category: topSource: business-standardAug 18th, 2017

Deutsche Bank, Bank of America settle agency bond rigging lawsuits

NEW YORK (Reuters) - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade......»»

Category: topSource: reutersAug 17th, 2017

U.S. pension funds sue Goldman, JPMorgan, others over stock lending market

(Reuters) - Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co , accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market......»»

Category: topSource: reutersAug 17th, 2017

Banks must face interest rate swap class action: U.S. judge

NEW YORK (Reuters) - A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's biggest banks of conspiring to rig the $275 trillion market for interest rate swaps......»»

Category: topSource: reutersJul 28th, 2017

Indian banks need $2.8 bn more provisioning for bankruptcy cases: Ind-Ra

The 12 companies account for 1.78 trillion rupees ($27.7 bn) in non-performing bank loans: RBI data.....»»

Category: topSource: business-standardJul 18th, 2017

Loan growth, better spreads fail to impress US bank investors - Reuters

ReutersLoan growth, better spreads fail to impress US bank investorsReutersNEW YORK (Reuters) - U.S. banks are starting to see some long-awaited benefits of higher.....»»

Category: topSource: googlenewsJul 15th, 2017

Breakingviews TV: Banks fail to excite

June 14 - Investors shrugged at earnings beats by JPMorgan, Citi and Wells Fargo. Antony Currie and Tom Buerkle discuss how tepid growth in the absence of U.S. tax reform is tempering enthusiasm......»»

Category: videoSource: reutersJul 14th, 2017

Central banks could be moving us closer to the next financial crisis

Thomson ReutersFinancial politicians (aka central bankers) have a long history of saying the wrong things at the wrong time. Far worse, they simply fail to tell the truth. They lie because they&r.....»»

Category: topSource: businessinsiderJul 12th, 2017

HSBC, UBS settle U.S. rate-rigging cases; 10 banks paying $408.5 million

NEW YORK (Reuters) - HSBC Holdings Plc and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market......»»

Category: topSource: reutersJul 11th, 2017

A $2.7 trillion money manager is backing an investment fund cofounded by Bono (UBS)

Mark Sagliocco/ Getty ImagesUBS is cementing its position as one of the go-to banks for sustainable investment solutions. The $2.7 trillion Switzerland-based money manager has made sustainability one of the cornerstones of its wealth-manag.....»»

Category: topSource: businessinsiderJul 10th, 2017

Italy giving 5.2B euros in resources to keep 2 banks open

The Italian government is making 5.2 billion euros ($5.8 billion) of resources available to keep operative two banks that the European Central Bank last week had deemed "failing or about to fail," sending them into insolvency procedures......»»

Category: topSource: foxnewsJun 25th, 2017

Italy giving 5.2B euros in resources to keep 2 banks open

The Italian government on Sunday made 5.2 billion euros ($5.8 billion) of resources immediately available to keep operative two banks that the European Central Bank has deemed "failing or about to fail," sending them into insolvency procedures......»»

Category: topSource: moneycentralJun 25th, 2017

Central banks head for the Portuguese hills

The €2.3 trillion programme, designed to revive inflation, is set to run until the end of 2017.....»»

Category: topSource: business-standardJun 24th, 2017

ECB: 2 troubled Italian banks failing, to face insolvency

The European Central Bank says two troubled Italian banks will be wound down because they were about to fail......»»

Category: topSource: foxnewsJun 23rd, 2017

THE CORE BANKING SYSTEM OVERHAULS REPORT: Why they"re necessary, why most fail, and how to make them work (JPM, BAC, WFC, C)

BI IntelligenceIn an increasingly digital economy, banks are becoming more dependent on efficient data processing to improve customer service and products, and ensure regulatory compliance. But legacy core software systems, implemented .....»»

Category: topSource: businessinsiderJun 21st, 2017

Investors dump bonds in two Italian banks

Investors dumped senior bonds issued by Popolare di Vicenza and Veneto Banca on Monday because of concerns Italy's government would fail to rescue the two ailing regional banks due to a lack of private contributors to the bailout. Ciara Lee reports.....»»

Category: videoSource: reutersJun 19th, 2017

The Swiss central bank says UBS and Credit Suisse need to draft credible insolvency plans in case they go bust

Reuters Swiss central bank out with 2017 financial stability report. UBS, Credit Suisse need credible insolvency plans. Banks on track to meet Swiss too-big-to-fail capital rules.  .....»»

Category: topSource: businessinsiderJun 15th, 2017

Are Massive Central Bank Purchases A Last Ditch Attempt To Save The Economy & Cap Gold Price?

Authored by Steve St.Angelo via SRSroccoReport.com, The Central banks bought a staggering $1.5 trillion in assets in the first five months of the year to keep the econo.....»»

Category: blogSource: zerohedgeJun 13th, 2017

Central Banks Buy 1.5 Trillion In Assets YTD

Let me begin with a caveat: confirmation bias is an ever-p.....»»

Category: blogSource: valuewalkJun 10th, 2017

"Nothing Else Matters": Central Banks Have Bought A Record $1.5 Trillion In Assets In 2017

One month ago, when observing the record low vol coupled with record high stock prices, we reported a stunning statistic: central banks have bought $1 trill.....»»

Category: blogSource: zerohedgeJun 9th, 2017