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Are consumers back from the dead? This Thursday is D-Day for the nation's biggest banks. That's when regulators will release the eagerly awaited results of the stress tests conducted on the 19 largest financial institutions. CNNUPDATE 1-JPMorgan CEO sees more bank consolidation ahead NEW YORK, May 4 (Reuters) - The U.S. banking sector is likely to see further consolidation and JPMorgan Chase & Co may be called on by regulators for more acquisitions, Chief Executive Jamie Dimon said on a webcast call on Monday. ReutersWall Street gains on stress test optimism NEW YORK (Reuters) - Stocks rose on Monday on bets the government's stress tests on the financial sector won't force banks to raise as much capital as originally thought and housing data reinforced hopes the economic slump is easing. ReutersWRAPUP 1-BofA says no plan to raise capital, Citi mum NEW YORK, May 4 (Reuters) - bank of america Corp , denying a media report, said it had no plans to raise $10 billion in common equity, while another report said Citigroup Inc was looking to raise capital from private investors. ReutersConstruction, Home Sales Spur Stock Rally Wall street is looking to extend its recent gains even as investors anxiously await the release of bank stress tests, due out later in the week. CBS NewsObama Takes Aim At Tax Havens, Loopholes President Barack Obama is proposing to close tax loopholes for companies and individuals with operations or bank accounts overseas. CBS NewsSources: U.S. Asking Wells Fargo To Boost Capital Regulators are asking Wells Fargo & Co. to raise more capital after government 'stress tests' showed the bank would have trouble surviving if the recession worsens. Wells Fargo is one of several banks that regulators will force to boost their buffers against losses, according to sources. NPRCoca Cola aims water neutrality in India Reserve Bank of India Deputy Governor Rakesh Mohan has put in his papers to take up an assignment at the Stanford University in the US. According to reports, Mohan’s resignation would be effective f... India GazetteRBS Ditches Citi Star Chief financial officer is expected to leave this week as the bank prepares to unveil more losses. ForbesDubai Islamic Bank appoints Saad Zaman as CEO of DIB Capital Dubai Islamic Bank (DIB) announced today the appointment of Saad Zaman as the Chief Executive Officer of DIB Capital, a full service investment bank offering Capital Market, Syndications, Advisory, Asset Management and PE products / services based in the Dubai International Financial Centre. AME1 2 3 4 5 |
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