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US BANK NEWS

US banks could face 20% hike to capital requirements, says report

June 05, 2023 1:58 pm

The report said that the precise amount of capital requirements will depend on the bank's business, with U.S. megabanks with big trading businesses expected to face the largest increases.

Looking at business models of banks more closely: RBI Governor Shaktikanta Das

April 27, 2023 1:33 pm

The recent developments in the US banking sector, in particular, have raised questions over the business models of individual banks that have faced challenges, Das said.

Citigroup to sell retail banking business in Japan to SMBC

December 26, 2014 2:00 am

Citibank Japan has about 740,000 retail customers and ¥2.44 trillion ($20 billion) in deposits, according to a joint statement.

JPMorgan Chase settles charges for $13 billion

November 20, 2013 12:53 pm

Authorities says behavior that largest US bank admitted to is at heart of what inflated the housing bubble.

‘JPMorgan $13 billion mortgage settlement expected’

November 20, 2013 3:15 am

Even after the settlement,the bank faces at least nine other government investigations.

Dow Jones index announces biggest shake-up in a decade

September 11, 2013 10:58 am

First- and third-largest US cos by market value,Apple and Google,yet to make it to 30-stock index.

US-based bank Customers Bancorp to invest $51 mn in Religare

June 27, 2013 10:21 am

The transaction is part of a plan by Religare's founders,to bring down their holding to 49%.

Investors find India as a 'tease' market: Citi Bank

April 30, 2013 1:18 pm

Citi says some investors in Europe referred to India as a 'tease' market.

BofA pays $2.4 billion to settle claims over Merrill

September 30, 2012 12:15 am

After the merger,BofA shares fell sharply,and investors sued,saying Merrill’s losses should have been disclosed before the vote.

Citi to raise $2.1 bn selling HDFC stake

February 24, 2012 1:07 am

Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in mortgage lender HDFC as part of the US bank’s efforts to shore up its capital base,three sources with direct knowledge said

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