In a statement, the U.S. Federal Reserve stated, it has approved the merger between BB&T Corp and SunTrust Banks Inc. The deal is the biggest in the banking industry since the 2007-2009 global financial crisis. According to analysts, such a… Read More ›
Jonathan Symonds is HSBC’s deputy chairman. His appointment to the post, still under negotiations, will be subject to approval from banking regulators. Bloomberg has reported citing a source familiar with the matter at hand as saying, GlaxoSmithKline Plc is in… Read More ›
Basel rules were created so as to avoid a scenario wherein taxpayer’s money is used to bail banks in case of a financial crisis. On Wednesday, financial regulators warned, top international banks will collectively require $34 billion (30 billion euros)… Read More ›
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