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PNB banking on non-core asset sale, capital infusion from govt for revival

Under the first tranche of recapitalisation, the government infused Rs 800 bn through bonds in public sector banks last financial year.....»»

Category: topSource: business-standardMay 21st, 2018

SoftBank lines up $9 billion in loans for Vision Fund from banks: Bloomberg

Banks, including underwriters of SoftBank Group's initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersOct 17th, 2018

Visa and MasterCard agree to settle swipe fee class action for $6.2 billion

Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees......»»

Category: topSource: cnnSep 18th, 2018

Warren Buffett Offered Uber a $3 Billion Investment, but Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber, but the two sides couldn’t agree on the terms, according to a person familiar with the matter......»»

Category: smallbizSource: wsjMay 31st, 2018

Warren Buffett Offered Uber a $3 Billion Investment, But Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber, but the two sides couldn’t agree on the terms, according to a person familiar with the matter......»»

Category: smallbizSource: wsjMay 31st, 2018

Wage row: Bank unions seek govt intervention, set May 12 deadline

According to the AIBEA, in 2016-17, while the gross operating profit of banks was about Rs 1,590 billion, the provision for NPAs was around Rs 1,703 billion.....»»

Category: topSource: business-standardMay 8th, 2018

Bond yields rise after RBI announces it will buy Rs 100-billion govt debt

Surplus cash held by banks dropped to Rs 380 billion as of May 3 from a high of Rs 1.1-trillion in April.....»»

Category: topSource: business-standardMay 7th, 2018

This Peninsula biotech foresaw deals worth $3 billion. Now it"s lining up a $57 million merger

OncoMed Pharmaceuticals Inc. — whose wide-ranging deals around cancer stem cells once promised to bring in nearly $3 billion — will merge with a London biotech company for $57.4 million, according to terms of the transaction disclosed Wednesday......»»

Category: topSource: bizjournalsDec 5th, 2018

Takeda's Shareholders Agree to $58 Billion Shire Deal Despite Debt Fears - Fortune

FortuneTakeda's Sharehold.....»»

Category: topSource: googlenewsDec 5th, 2018

Takeda’s Shareholders Agree to $58 Billion Shire Deal Despite Debt Fears

Takeda will issue $35 billion in new stock. The long-running saga that is Takeda’s proposed takeover of Adderall maker Shire is about to enter a new chapter, with the Japanese firm’s shareholders approving the deal. On Wednesday.....»»

Category: europeSource: fortuneDec 5th, 2018

Tencent Music sets terms for IPO, which could be valued at up to $1.23 billion

Tencent Music Entertainment Group has revive.....»»

Category: topSource: marketwatchDec 3rd, 2018

Early Optimism Fades After EU-UK Agree Post-Brexit Terms

Update: Irish Minister Harris .....»»

Category: blogSource: zerohedgeNov 22nd, 2018

Florida banks increase lending, profits in Q3

The 118 Florida banks increased their loans by $2.5 billion during the third quarter, the FDIC reports......»»

Category: topSource: bizjournalsNov 21st, 2018

These Banks Now Have A $41 Billion Problem With GE

Three weeks ago we reported that in the first nail to its investment grade coffin, GE had found itself completely shut out of the Commercial Paper market when Moody's downgraded its senior unsecure.....»»

Category: blogSource: zerohedgeNov 21st, 2018

GE could be a $41 billion problem for big banks

When it comes to U.S. banks’ lending risk, it doesn’t get much bigger than General Electric Co. .....»»

Category: topSource: moneycentralNov 21st, 2018

Danske whistleblower takes aim at U.S., UK over money laundering

Almost all the money that flowed through Danske Bank's Estonian branch passed through banks in the United States, the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal said on Wednesday......»»

Category: topSource: reutersNov 21st, 2018

Banking industry profits hit another record: $62 billion

The 29 percent increase in quarterly profits is the latest indication that a decade after a global financial crisis that wiped out trillions in wealth, the country’s 5,400 banks have not just recovered but are even stronger......»»

Category: topSource: washpostNov 20th, 2018

Banking industry profits hit another record, $62 billion

The 29 percent increase in quarterly profits is just the latest indication that a decade after a global financial crisis that wiped out trillions in wealth, the country’s 5,400 banks have not just recovered but are even stronger......»»

Category: topSource: washpostNov 20th, 2018

Bank fined $1.3B in penalties over Cuba dealings

One of France's largest banks, Societe Generale, is paying $1.3 billion in penalties for violating U.S. trade sanctions on Cuba......»»

Category: topSource: foxnewsNov 19th, 2018

Saudis Abandon Plan To Issue $40 Billion In Corporate Bonds

Saudis Abandon Plan To Issue $40 Billion In Corporate Bonds.....»»

Category: blogSource: zerohedgeNov 19th, 2018