Search Results for: Total
Bank of America Reports Q4-15 Net Income of $3.3B, EPS of $0.28
January 20th, 2016
Full-Year 2015 Net Income of $15.9B, EPS of $1.31 Financial Highlights • Revenue, net of interest expense, (FTE basis) up 4% to $19.8B(A) • Net interest income (NII) (FTE basis) up 2% to $10.0B(A) – Excluding market-related NII and ...
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
Goldman Sachs inks joint Mexico energy, infrastructure deal
January 19th, 2016
The private equity arm of Goldman Sachs Group Inc (GS.N) has teamed up with Mexican consulting firm Ainda to jointly invest in energy and infrastructure projects in Mexico, a person familiar with the matter said. Goldman’s Merchant Banking Division ...
Poland says banks could spread FX loan bill losses over time
January 19th, 2016
Jan 18 Polish banks may be able to spread losses linked to looming Swiss franc mortgage conversions over time, the finance ministry said on Monday, after a draft FX loan bill sent the shares of Warsaw-listed lenders to multi-year ...
FXCM Inc (FXCM) Drops 5.61% on January 18
January 19th, 2016
FXCM Inc (FXCM) was one of the Russell 2000’s biggest losers for Monday January 18 as the stock slid 5.61% to $12.95, a loss of $-0.77 per share. Starting at an opening price of $13.24 a share, the stock traded ...
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
HSBC Plans New Mideast Headquarters Near World’s Tallest Tower
January 18th, 2016
20-storey tower to be built in Dubai’s Emaar square by 2017 Construction to start in few days, HSBC to move staff in 2018 HSBC Holdings Plc will start building a new Middle East headquarters near the world’s tallest tower ...
Hong Kong: Two solicitors engaged in fraud
January 18th, 2016
Court finds two solicitors engaged in insider dealing and fraud or deception The Court of First Instance today found that two solicitors, Mr Eric Lee Kwok Wa and Ms Betty Young Bik Fung, and Eric Lee’s sister, Ms Patsy ...
Former Brisbane financial advisor jailed after pleading guilty to fraud charges
January 18th, 2016
The Australian Securities and Investment Commission (ASIC), the financial regulator of Australia, has issued a announcemnet to inform that: Following an ASIC investigation, Mr Thanh Tu, 38 years old, formerly of Forestdale, Brisbane, has today been sentenced to nine-and-a-half ...
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
January 18th, 2016
It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were ...
