Moody's has followed the example set by Standard & Poor's last week, and put JP Morgan Chase's credit ratings on review for possible downgrade. The review reflects concern about JP Morgan's profitability as well as its earnings volatility relative to
HSBC Holdings plc (HSBC) has agreed with Grupo Financiero Bital S.A. de C.V. (GF Bital) and certain shareholders who control at least 52 per cent of GF Bital to initiate a cash tender offer for all of the company's shares.
Robert Druskin has been appointed to the newly created position of President and Chief Operating Officer of Citigroup's global corporate and investment bank (GCIB), Chairman and Chief Executive Officer Michael A. Carpenter today announced. In his newly created role, Druskin
Mellon Financial Corporation and Shinsei Bank, Limited, have agreed to the formation of a new joint venture investment advisory and trust company to provide investment management services to the Japanese pensions market, subject to regulatory approval. The joint venture will
JPMorgan announced today that it will offer its global treasury and trade product offerings to clients in Puerto Rico. "JPMorgan offers in depth industry and global resources, along with regional expertise, to meet the unique needs and requirements of our
Commerzbank has officially called off the sale of Jupiter, having failed to secure an attractive price. Commerzbank will now focus on selling Jupiterproducts through Commerzbank's distribution networks in Continental Europe. Jupiter remains a profitable asset management subsidiary of Commerzbank, last
State Street Corporation announced today that it has entered into a definitive agreement to sell its Corporate Trust business to U.S. Bank, N.A., the lead bank of U.S. Bancorp. "Our decision to sell the Corporate Trust business reflects our commitment
JP Morgan Chase and Bank of New York (BNY) announced today how they intend to handle the JP Morgan Investment Management assets which JP Morgan placed with BNY before the merger with Chase. Unsurprisingly, the US assets are returning to
Barclays is pleased to announce the appointment of Robert E Diamond as Chairman of Barclays Global Investors ("BGI"). He succeeds Matthew W Barrett in this position. The role as Chairman of BGI will be in addition to Diamond's separate responsibilities
DBV Winterthur Insurance AG has launched a new pension fund to cater to the occupational benefit needs of employees in medium and large enterprises. The winsecura Pensionskasse AG i. Gr (based in Wiesbaden) received official approval at the end of