Sentences with phrase «shareholder of bank»

Gelb also noted that this will make Berkshire the largest shareholder of Bank of America, owning about 7 % of the company's outstanding stock.

After exercising warrants to buy Bank of America (BAC) stock last month, Berkshire Hathaway is now the largest shareholder of BAC and WFC, the second largest shareholder of Bank of New York Mellon (BK), and the fifth largest shareholder of Goldman Sachs (GS).

«This all depends upon how much more pain the shareholders of the bank are willing to take.

While this would be bad for current shareholders of the bank, a lower share price would translate into a higher dividend yield, holding all else equal.

Can shareholders of Bank of America, Citigroup, or JPMorgan learn anything about their potential exposure to the burgeoning LIBOR - fixing scandal from the banks» most recent public disclosures?

According to Mr. Nkrumah, the management of ADB bank requested approval from significant shareholders of the bank for McDan's loan application.

KP: You're being accused by minority shareholders of the bank of issuing Hr 1 billion worth of insider loans to yourself.

He is acting for the shareholders of Bank of Antigua with regard to the oversight and enforcement of emergency banking powers under the Eastern Caribbean Central Bank Agreement in the light of the insolvency of Stanford International Bank Limited.

Not exact matches

Warren Buffett «s Berkshire Hathaway Inc. (brk - a) has become Bank of America Corp's (bac) largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago.

Shortly after Dimon spoke, lawyers for JPMorgan filed papers in Manhattan federal court seeking to dismiss a lawsuit accusing the bank of deceiving shareholders about Bruno Iksil — the JPMorgan trader nicknamed the London Whale for the size of his positions — and the loss that ultimately topped $ 6.2 billion.

Berkshire is now the largest shareholder in the second - and third - largest U.S. banks, with stakes of roughly 6.6 % in Bank of America and 10 % in Wells Fargo & Co (wfcnp), according to Reuters data.

JPMorgan Chase Chief Executive Jamie Dimon, who won a strong vote of confidence from shareholders last month, on Tuesday defended the disclosures the bank made last year about its unfolding London Whale derivatives loss.

Shareholders led by the Arkansas Teacher Retirement System and Fresno County Employees» Retirement Association in California accused Facebook of concealing internal concerns about how growth in mobile devices might reduce revenue, even as it quietly warned its banks to cut their forecasts.

NEI filed shareholder resolutions last year with five of the largest Canadian banks calling for them to consider vertical ratios and assess the risks of horizontal benchmarking — setting salaries by comparing what CEOs at rival banks are paid, a practice that some shareholders argue has led to skyrocketing compensation packages.

More importantly for J.P. Morgan's shareholders, however, the bank also set out a clearer succession plan in preparation of Dimon's potential departure five years down the road.

For bank shareholders, bad memories of the financial crisis are fading into history.

While a majority of Goldman Sachs (gs) shareholders voted in favor of executive pay plans on Friday at the bank's annual meeting in its Jersey City offices, around 34 % did not.

Two Italian banks have proposed a deal to settle shareholder lawsuits as they try to raise billions of dollars to cover bad loans.

Return on average common equity (ROE), a measure of how well the bank uses shareholder money to generate profit, was 6.4 % in the quarter, down from 14.7 % a year earlier.

Investors include Calculus Capital, the Scottish Investment Bank, the investment arm of Scottish Enterprise, and private shareholders.

Moynihan has frequently advocated a conservative, grow modestly, shun big risks, and return - it - all - to - shareholders view of commercial banking.

Still, the 57 - year - old Dimon must grapple moving forward with a third of his shareholder base who are dissatisfied with him, the bank's board structure and its directors.

The day before shareholders voted 99.8 % in favour of the merger, Canadian Business sat down for an exclusive interview with the power brokers behind Bay Street's most recent high - profile partnership to discuss the deal, investment banking, the economy and life on the Street.

The investment bank upgraded shares of Exxon from «underperform» to «market perform,» saying the dividend payment to shareholders looks attractive.

Sewing also confronts a decision on scaling back the investment bank — both Deutsche Bank's biggest source of revenue and a perennial laggard against U.S. giants — and winning over long - suffering shareholdbank — both Deutsche Bank's biggest source of revenue and a perennial laggard against U.S. giants — and winning over long - suffering shareholdBank's biggest source of revenue and a perennial laggard against U.S. giants — and winning over long - suffering shareholders.

Bharat Masrani said to reporters after their annual meeting of shareholders that the Toronto - based bank views the federal legalization of pot for adult use as an «important data point.»

IOWA CITY, Iowa, April 24 - Wells Fargo & Co executives planned to convey a message of atonement to shareholders at the bank's annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past.

Bank shareholders will need to ponder these issues, among others, as they weigh a set of proposals the AFL - CIO office of investment is now adding to bank proxies for next yBank shareholders will need to ponder these issues, among others, as they weigh a set of proposals the AFL - CIO office of investment is now adding to bank proxies for next ybank proxies for next year.

At the bank's 2016 meeting in Florida, only three of the board's 12 directors received more than 90 percent of shareholders»...

She has been a regular contributor to Fortune since April 2010 and has advised analysts, regulators, shareholders, and banks of every size on the economics of financial services.

Corzo asks why banks would make these payouts: how can the awards be both in «the best interests of shareholders and not unethical?»

Last month, Dimon prevailed at the bank's annual meeting when only 32 percent of shareholders voted in favor of a proposal — backed by activist groups after the «London Whale» trading losses — to strip him of the chairmanship.

The API store was highlighted by JPMorgan chief Jamie Dimon in his annual letter to shareholders as part of a discussion of the bank's tech strategy.

The directors of Home Building Society Ltd have moved to reassure shareholders that its proposed merger with Bank of Queensland would not be affected by BOQ's failure to complete a separate merger with Mackay Permanent Building Society Ltd..

Among those rules are strict ownership limits that prevent a single shareholder from gaining control of any of the banks.

Mike Mayo, author of Exile on Wall Street, says, «[T] he owners of the big banks, namely the shareholders, are finally taking a greater amount of responsibility by speaking up.»

Although shareholders have yet to approve the deal, the banks would «re-pay shares at a pre-defined value in next few months, avoiding the risk of uncertain evolution of huge claims by shareholders and clients,» Maria Paola Toschi, global market strategist at JPMorgan Asset Management, told CNBC on Tuesday via email.

About a month ago, Ross and other international investors invested $ 1.8 billion in Eurobank — becoming the bailed - out Greek bank's biggest shareholders in another sign of growing market confidence in Greece.

There were also bank statements, reserve estimates by an independent American geologist and historical records of dividends paid out to shareholders — which would have been improbable if, as the letter writer claimed, the company's mine in China was losing money.

Shareholders may also raise questions over the very high interest rates the bank charges to financially strapped customers who resort to so - called payday loans, which are in the sights of state attorneys general.

Over the past two years, a growing number of U.S. banks has capped their directors» earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control the pace of pay increases.

The billionaire entrepreneur also questioned whether it was advisable for federal officials to deprive the bank of billions of dollars in a proposed settlement, which would effectively siphon money away from shareholders.

Instead of a traditional IPO, which involves more middlemen in the form of investment banks and institutional investors, Spotify is choosing to allow existing shareholders to sell their shares to potential buyers immediately.

Assuming the CEO mantle at Canadian Western Bank on March 7, Chris Fowler inherited a track record of 99 consecutive profitable quarters and a Buffett - like 4,147 % return for shareholders — or 17.5 % a year on average.

A day after releasing Dimon's annual letter to shareholders, J.P. Morgan Chase (jpm) Wednesday revealed details of its special provisions for compensating employees who leave the bank for government service.

As of the beginning of 2016, bailouts will first be felt by bank shareholders, bondholders and depositors with more than $ 100,000.

Warren Buffett's Berkshire Hathaway said it would exercise its warrants to buy 700 million common shares of Bank of America, making it the largest shareholder of the lender.

Hardman Resources Ltd 15 - Sep - 05 Westpac Banking Corporation became a substantial shareholder with a relevant interest of 34,831,592 ordinary shares (5.29 %).

But instead of distributing these profits back to shareholders in the form of dividends and share buybacks, many have chosen to retain sizable cash cushions to ensure future access to capital amid a shaky global banking system.

Shareholders include Bank of America, Deutsche Bank, Esta Investments, General Atlantic, Goldman Sachs and JPMorgan Chase.