Deutsche Bank AG, BNP Paribas SA and Goldman Sachs Group Inc. are among banks that must hold additional capital buffers ranging from 1 to 2.5 percentage points under plans approved today by the Group of 20 nations.
Bank of America Corp. and Citigroup Inc. are among firms planning to repay rather than roll over their share of $231 billion raised under a U.S. loan program meant to help the economy as the business slowdown crimps demand for credit.
Jennifer Cavallaro’s Twitter feed usually deals with matters like the free-range egg salad she serves at her Beehive Café in Bristol, Rhode Island. On May 17, 2010, she blasted a different message to her followers.
Jamie Dimon says rules for systemically important global banks that would increase JPMorgan Chase & Co.’s capital requirements by about one-third will hurt profits, investment returns and the U.S. lender’s future growth.
LivingSocial, the second-largest website devoted to daily coupons, is selecting investment banks for an initial public offering that may value the company at $10 billion to $15 billion, according to a person with direct knowledge of the talks.
The largest U.S. banks, including Wells Fargo & Co. and JPMorgan Chase & Co., boosted their spending on lobbying in 2011’s first quarter as the Obama administration began writing regulations required by the new financial services law and congressional Republicans moved to repeal or amend it.
Proposed Dodd-Frank swaps regulations imposing margin requirements to reduce trading risks will “damage the competitiveness” of foreign-based businesses of U.S. banks compared with their overseas rivals, lawyers for six banks including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley told regulators.
Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.