Tag:
Foreign Banks
Latest Headlines
Latest Headlines
Credit Suisse being investigated by DOJ
The U.S. Department of Justice (DOJ) isn't playing games when it comes to overseas banks that aim to help American citizens evade taxes.
This was evident during the very aggressive approach to the probe of UBS over the past two years. Recall the Swiss bank was accused of helping Americans evad
Disclosure to force banks away from Fed's discount window
The disclosure of the banks that borrowed from the Federal Reserve during the financial crisis contained some interesting nuggets, but nothing earth-shattering. On the day that Lehman Brothers failed, for example, emergency-lending spiked to $48.5 billion, mainly via the Primary Dealer Credit Faci
China, a huge capital markets opportunity?
The idea that China looms as a huge opportunity for American banks seems almost cliché now. All banks have tried to establish toeholds in the alluring, but still vexing market. JPMorgan Chase ( NYSE: JPM ), for example, recently struck a joint venture deal with China 's First Capital Securities
The U.K.'s war on banks
There are a lot of people chafing at the government's move to reform pay practices in the United States. But the measures by the British government so far have been much more draconian, and it's unclear how much more foreign banks will take.
The move to tax bonuses at 50 percent was a blow. Bu
Exodus of Wall Street talent?
A well-known headhunting outfit, Korn/Ferry, says that demand for executive financial services talent has really soared, even with all the controversy over executive pay and bonus restrictions. Domestic banks are certainly stepping up their activity. But the most active recruiters now may be forei
Should we be worried about foreign banks?
Times are tough for U.S. investment banks, and overseas banks are taking aim at the market. Capital, Deutsche Bank, Credit Suisse and UBS are now among the top 10 global merger advisers; a decade ago, the only non-United States firm was Dresdner Kleinwort, notes the New York Times . Which also
Banks tout use of FAS 115
The debate over FAS 157 has segued into a debate over the use of FAS 115. Big banks, frustrated that they are still required to comply with mark-to-market rules, are starting to push for the use of
