Banking & Financial Services

First reported 23 hours ago - Updated 25 mins ago - 18 reports

JPMorgan: This Board Game's Not Over Yet

JPMorgan: That's just the way it is?That's just the way it is.Some things'll never change.Shareholder activists must have found a bitter irony in those two lines from the 1986 hit "That's Just the Way It Is" by Bruce Hornsby and the Range, which was played ... [Published Motley Fool Discussion Boards - 25 mins ago]

Entities: JPMorgan Chase & Co, Jamie Dimon, Ellen Futter (American International Group Inc), London Whale, Motley Fool

First reported 7 hours ago - Updated 33 mins ago - 19 reports

Blue Coat Systems Inc

Blue Coat to acquire Solera Networks

Solera’s DeepSee platform will add security analytics and forensic capabilities to the Blue Coat product portfolio InformationWeek, May 22, 2013Blue Coat Systems, today announced that it has entered into an agreement to acquire Solera Networks, the ... [Published Information Week India - 11 mins ago]

Entities: Solera Networks, Blue Coat Systems Inc, Security

First reported 23 hours ago - Updated 1 hour ago - 5 reports

ICBC Industrial & Commercial Bank of China Ltd

Temasek buys ICBC shares from Goldman Sachs

Temasek Holdings Ltd, an Asian investment firm headquartered in Singapore, increased its stake in Hong Kong-listed Industrial and Commercial Bank of China (ICBC) from 6.71 to 7.04 percent.This is the third time in a year that it has increased its stake ... [Published CHINAdaily - 1 hour ago]

Entities: ICBC Industrial & Commercial Bank of China Ltd, Temasek Holdings Pte Ltd, Goldman Sachs Group Inc, Stocks

First reported 23 hours ago - Updated 1 hour ago - 18 reports

Royal Bank of Scotland Group PLC

IMF urges UK government to sell stakes in Lloyds and RBS

The International Monetary Fund (IMF) is urging the UK Treasury to accelerate its disposal of the 65 billion stakes in two of the UK's biggest banks. Currently, the UK taxpayer owns large stakes in both Lloyds and the Royal Bank of Scotland (RBS) and ... [Published Bobsguide - 1 hour ago]

Entities: Royal Bank of Scotland Group PLC, International Monetary Fund, UK Government

First reported 16 hours ago - Updated 2 hours ago - 12 reports

UKs Aberdeen Confirms Commitment To US With Acquisition

Aberdeen Asset Managementhas completed the deal to buy US-listed Artio Global Investors for a sum of $179.7 million, based on a price of $2.75 per share, following the firm’s announcement in February.The total sum of the acquisition represents a premium ... [Published Family Wealth Report - 2 hours ago]

Entities: Acquisition, Total Return, Global High Income Fund Inc, Aberdeen Global

First reported May 21 2013 - Updated 3 hours ago - 4 reports

Taylor Morrison Home Corp Now Covered by Analysts at JP Morgan Cazenove (TMHC)

JP Morgan Cazenove started coverage on shares of Taylor Morrison Home Corp (NASDAQ: TMHC) in a research report sent to investors on Monday morning, Analyst Ratings.Net reports. The firm issued an outperform rating on the stock.Shares of Taylor Morrison ... [Published Mideast Time - 3 hours ago]

Entities: JP Morgan Cazenove, Stocks, Sterne Agee

First reported 23 hours ago - Updated 3 hours ago - 9 reports

Jamie Dimon

JPMorgan’s Dimon survives referendum

TAMPA, Fla. — Shareholders of JPMorgan Chase voted Tuesday to let Jamie Dimon keep the chairman and CEO roles, but they signaled the bank needed better oversight, giving only narrow approval to three of the bank’s board members.It was a mixed verdict ... [Published News-Journal - 3 hours ago]

Entities: Jamie Dimon, JPMorgan Chase & Co, Referendum

First reported May 21 2013 - Updated 3 hours ago - 22 reports

DBS-Danamon deal hinges on Singapore's invite to Indonesian banks

Southeast Asia's largest bank merger now depends largely on cooperation between Singaporean authorities and Indonesian politicians.Indonesia's central bank gave Singapore's DBS Group Holdings Ltd (>> DBS Group Holdings Ltd) its long-awaited approval ... [Published 4 Traders - 5 hours ago]

Entities: PT Bank Danamon Indonesia Tbk, Singapore, Bank Rakyat Indonesia

First reported 22 hours ago - Updated 6 hours ago - 7 reports

Jamie Dimon Escapes JP Morgan Shareholder Revolt as London Whale Losses Forgiven

Dimon retains dual chairman and chief executive role at JP Morgan as effort to unseat him fails in shareholder vote. ... [Published International Business Times Canada - 6 hours ago]

Entities: Jamie Dimon, London Whale, JPMorgan Chase & Co

First reported May 21 2013 - Updated 9 hours ago - 39 reports

Jamie Dimon keeps both posts as CEO, chairman of J.P. Morgan Chase

(Xinhua via COMTEX News Network) -- J.P. Morgan Chase & Co.'s Jamie Dimon will keep his dual roles as chief executive officer (CEO) and chairman of the financial firm after a majority of shareholders voted against a proposal to split the two roles.According ... [Published PredictWallStreet - 9 hours ago]

Entities: Jamie Dimon, JPMorgan Chase & Co, Lee Raymond, London Whale

First reported May 21 2013 - Updated May 21 2013 - 13 reports

Jamie Dimon To Remain Chairman, CEO Of JPMorgan

JPMorgan Chase shareholders voted to let Jamie Dimon keep both his chairman and CEO roles Tuesday, The New York Times is reporting.In the wake of the London Whale trading loss, which cost the bank billions of dollars, shareholder groups began calling ... [Published Huffington Post - May 21 2013]

Entities: Jamie Dimon, JPMorgan Chase & Co, London Whale, Enron Corp, BusinessWeek

First reported May 20 2013 - Updated May 21 2013 - 28 reports

Morgan Stanley to sell India wealth management arm to Standard Chartered

US-based Morgan Stanley has signed an agreement to sell its Indian wealth management unit to British bank Standard Chartered for an undisclosed amount.Sources familiar with the matter were quoted by Reuters as saying that Standard Chartered will purchase ... [Published Banking Business Review - May 21 2013]

Entities: Standard Chartered Bank, Morgan Stanley & Co, India

Quotes

...stated, "The transaction with North Street allows Hedge Fund Solutions' fund services to strengthen its infrastructure for our clients' needs. "We're excited about this opportunity as it sets the foundation to allow us to grow alongside the funds we service" said Joseph Musto, Co-Head of North Street Global Fund Services

North Street Group closes acquisition of Alternative Asset Service Provider Hedge Fund Solutions, ... [Published TickerTech.com - 7 mins ago]

...and in line with other global financial centres, of which London plays a key role," financial services expert Monica Gogna of Pinsent Masons added. "It is now up to the UKUK government to speak up and ensure that London remains at the forefront of the financial community’s mind when thinking of doing business."

Ten times as many bank staff may be affected by bonus cap restrictions than previously thought, s ... [Published Out-Law.com - 8 mins ago]

"The central bank has already expressed concern over the increasing trend in classified loan . . . we've planed to sit soon with 15 local private and foreign commercial banks having higher classified loans" said BB's executive director Mohammad Nawshad Ali Chowdhury

BB to sit with banks soon for controlling classified loan [Published Bangladesh Sangbad Sangstha - 8 mins ago]

"The combination is commercially and financially compelling, and reshapes the specialty pharmaceutical universe by creating a powerful global competitor. It creates a company with an exceptionally strong balance sheet, coupled with a favorable tax structure to support future growth."

Actavis to acquire Warner Chilcott in $8.5bn deal [Published Pharmaceutical Technology - 9 mins ago]

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