Sentences with phrase «sources said banks»

Sources said Banks wasn't officially informed of the investigation, but likely learned of it through his extensive law enforcement network.

Not exact matches

The newspaper's sources also say the banks have formed a consortium and hired consultancy McKinsey & Co. to develop an additional security protocol for Apple Pay.

The Financial Post recently cited unnamed sources saying the board is considering appointing Barbara Stymiest, former COO at Royal Bank of Canada, as an independent chair to replace the duo.

«Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks,» said Emma Loftus, head of global payments and foreign exchange at J.P. Morgan Treasury Services.

New York's banking regulator asked three banks about their relationships with Jared Kushner, a source said.

«A notable increase in global protectionism remains the most important source of uncertainty facing the Canadian economy,» the central bank said in its quarterly report on the economy.

One line of thinking now is that the central bank may opt to combine the two programs and buy longer - dated bonds more aggressively, then set as its new target the total balance of bond holdings or the size of its balance sheet, the sources said.

«It's important to have software that ensures you have high integrity financial data — a place where your accountant and banker can go look at information and if possible a direct - bank feed, so that the investors know that the information is reliable and from a secure source,» she says.

«Next to bank debt, ours is the cheapest source of capital,» says Marc Reich, president of Ironwood Capital Advisors.

Factoring is one of a number of alternative sources of financing for small and midsize businesses when a bank pulls their credit line or says no to a traditional business loan.

«Trade policy developments are an important and growing source of uncertainty for the global and Canadian outlooks,» the bank said in a statement Wednesday that accompanied its latest rate decision.

Snyder's - Lance has hired an investment bank to weigh a potential sale after an approach from Campbell Soup, sources familiar with the situation said.

Archrival Merrill Lynch, a unit of Bank of America Corp, has not made similar changes to its compensation structure, a source familiar with the matter said on Friday.

Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal, three sources familiar with the matter said.

European banks offering wholesale finance, money and services provided to businesses and each other, would be able to continue operating through branches without having to go through the expensive process of creating subsidiaries, the BBC said, without citing sources.

China's new central bank chief Yi Gang said on Thursday that Beijing was keen to work with international organisations, commercial lenders, and financial centers like Hong Kong and London to diversify funding sources for the plan.

Abercrombie & Fitch is working with an investment bank to field takeover interest from other retailers, sources said on Tuesday.

Carlyle has hired investment banks to run a sale process for Ortho - Clinical, the sources said this week.

Another compelling finding from the SurePayroll survey: 21 percent of small business owners say they plan to seek loans in 2012, with banks as their primary source of obtaining extra capital.

Lloyds operates in Germany via the Bank of Scotland brand, which it acquired in 2008 as part of the takeover of HBOS and would still likely need to capitalise the new entity in line with regulatory requirements, the sources said.

«Some non-banks will look to strike deals with smaller banks to effectively out - source market making,» the report said.

Bank executives hope that artificial intelligence will help them avoid the expense of problem hires and turnover, industry sources said.

Sources say the federal government is poised to open the door a crack for banks to invest in fintech firms that aren't strictly in the business of financial services

In a statement on October 20, 1987, Fed Chairman Alan Greenspan said, «The Federal Reserve, consistent with its responsibilities as the Nation's central bank, affirmed today its readiness to serve as a source of liquidity to support the economic and financial system» (Carlson 2006, 10).

The Justice Department suggested a $ 17 billion settlement in the latest round of negotiations and did not view Bank of America's offer as a serious one, one source said last week.

Sun Basket is working with investment banks Bank of America Corp (BAC.N) and Jefferies LLC on the IPO, three sources said.

Another point of controversy for Bank of America is the extent to which it should be punished for Merrill's actions, sources said.

Negotiators for Bank of America and the Justice Department have not met in more than a week and have no plans to do so after a flurry of meetings did not bring them close to a settlement amount, sources said.

(Reuters)- U.S. organic food delivery service Sun Basket has hired banks for an initial public offering (IPO) that could come in the second half of the year, sources familiar with the situation said on Tuesday.

The Bank of America talks are being driven by a lawsuit that the U.S. Attorney's office in New Jersey is drafting against Merrill, sources said.

The Department of Justice has not yet responded to Bank of America about the possibility of the meeting, sources said.

DUBAI, May 3 (Reuters)- State - owned Egyptian Electricity Holding Company (EEHC) is raising a syndicated loan of up to around $ 700 million with Credit Suisse and HSBC leading the deal, banking sources said.

London - based CVC, which recently raised a record 16 billion euros for its latest fund, is working with Swiss bank UBS (UBSG.S) and Paris - based investment boutique Messier Maris on a possible sale, the sources, who declined to be identified as the process is private, said.

Rather than seeking to merge with local rivals to avoid competition, regional banks should try to find other ways to diversify sources of revenue, FTC officials have said.

Last year, Chinese regulators told banks to stop providing funding for several of Wanda's overseas acquisitions as Beijing looks to curb what it sees as irrational spending by some major domestic conglomerates, sources have said.

One source said the startup had around $ 10 million in the bank at the time of the acquisition.

BEIJING Guo Shuqing, head of China's new regulator for the banking and insurance sectors, can be expected to also be installed soon in the role of Communist Party chief of the People's Bank of China (PBOC), two sources with knowledge of the matter said on Sunday.

Los Angeles - based Eden Creamery is working with investment bank Barclays Plc (BARC.L) to prepare to run a sale process for the company, said the sources, who requested anonymity because the deliberations are confidential.

Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its U.S. shale operations, Sky News said, citing banking sources.

Leonard Green has hired an investment bank to run an auction for USIC, the sources said on Monday.

Manafort, who faces two federal indictments, seeks a hearing about the source of leaked information that he said interferes with his right to a fair trial in Alexandria, Virginia, where Special Counsel Robert Mueller signed an indictment accusing him of bank and tax fraud.

Mimecast, whose investors include Insight Venture Partners, Dawn Capital and Index Ventures, has spoken to some investment banks about an IPO later this year but has not hired any firms, the sources said.

Citing sources familiar with the matter, Bloomberg said the bank plans to start small by offering a limited suite of derivatives products that won't actually trade bitcoins but offer contracts tied to the underlying asset.

The four biggest Greek banks received 18 billion euros (US$ 22.6 billion) in rescue funds on May 28, 2012 to help reinforce their capital bases, a Hellenic financial stability fund source said.

China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy - making.

A source familiar with JPMorgan Chase's plans said that after testing a series of fees, including a $ 3 monthly debit card charge, the bank decided against a debit - card fee.

WASHINGTON — U.S. President Donald Trump is likely to pick Federal Reserve Governor Jerome Powell as the next head of the U.S. central bank, a source familiar with the matter said on Monday, prompting investors to push down yields on Treasury notes.

ABU DHABI / DUBAI (Reuters)- Abu Dhabi National Oil Company (Adnoc) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering of its retail unit that could raise $ 1.5 billion to $ 2 billion, sources said on Thursday.

Other banking sources said they had not heard of an approach and said the Ferrero family did not want to give up control.

Sompo Japan Insurance, Malaysia's state - run investment firm Khazanah Nasional and British medical services group Bupa Insurance Ltd are involved in an auction process for the stake, three banking sources said.