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Citigroup Inc (C) Projects Israel Growth on Tech Mergers and Acquisitions

Citigroup Inc (C) Projects Israel Growth on Tech Mergers and Acquisitions

Citigroup Inc (NYSE:C) Israel projects growth driven by mergers and acquisitions in the Israeli technology industry. According to Citigroup Israel CEO Neil Corney, the country’s high tech industry has an active scene of mergers and acquisitions, with tech giants such as Google Inc (NASDAQ:GOOGL) and Cisco Systems, Inc. (NASDAQ:CSCO) doing a shopping spree for Israeli

Bank Of America (BAC)

Bank of America Corp (BAC) Secures Oil Financing Deal with Philadelphia Energy Solutions

Bank of America Corp (NYSE:BAC) has replaced America’s biggest bank, J.P. Morgan in a major oil financing deal with Philadelphia Energy Solutions. The bank will provide working capital and inventory financing to the refinery. However, the Bank of America Corp (NYSE:BAC) deal won’t include all the things that were in the J.P. Morgan deal as

American International Group (AIG)

American International Group Inc (AIG) Bailout Terms Were To Avoid “Moral Hazard”, Says Former Treasury Secretary Henry Paulson

American International Group Inc (NYSE:AIG) former chairman and CEO Maurice Greenberg had sued the federal government for taking equity in the company without fair compensation. The federal government had come to the rescue of the insurance company in 2008 when the company was going through difficult economic times, occasioned by the economic downturn experienced worldwide

J.P. Morgan (JPM)

JPMorgan Chase & Co. (JPM) Computers Hacked Exposing Data of 83 Million Accounts

JPMorgan Chase & Co. (NYSE:JPM) has fallen victim to what could be one of the biggest hacks in history, exposing data belonging to 76 million households and 7 million small businesses. The bank, in a revelation Thursday, indicated that the hack collected names and email addresses, but no critical information such as accounts details, passwords,

Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) Along With Top Investment Banks Invest $66 Million in New Digital Communication Platform

According to the latest announcement from Goldman Sachs Group Inc (NYSE:GS), the company has finally devised a perfect centralized digital communication platform for financial firms and corporate customers. Goldman along with 13 investment partners is ready to invest $66 million in Symphony Communications Services Holding LLC. David Gurle will head the company to prepare a

J.P. Morgan (JPM)

JPMorgan Chase & Co. (JPM) Faces Class Action Lawsuit in Mortgage-Based Securities

JPMorgan Chase & Co. (NYSE:JPM) is likely to face a class-action lawsuit in its mortgage-based securities sold before the 2009 financial crisis. As per the allegations, the bank misled its investors about the security of $10 billion worth of mortgage-based securities. Paul Oetken, U.S. District Judge in Manhattan, agreed to a class action against JPMorgan


Facebook Inc (FB) “Buy” Button and Apple Inc (AAPL)’s Apple Pay Might Make Credit Cards Obsolete Within A Decade

The increasing interest in online payment methods by major social media giants including Facebook Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL), and Twitter Inc (NYSE:TWTR) is an alarm for the banking industry to upgrade its existing payment methods. According to a report from Daily Mail Online, social media platforms would play a major role in banking in

Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) Issues New Policy Barring Bankers from Buying Stocks

Goldman Sachs Group Inc (NYSE:GS), an investment adviser, has reviewed its policies to bar bankers from trading in individual shares and bonds. Citing conflict of interest, the company further said that bankers aren’t allowed to trade in “activist or event-driven hedge funds”. Before the new rules took effect, bankers only needed approval to invest in

Janus Capital Group Inc (JNS)

Janus Capital Group Inc (JNS) Gets Stronger With The Joining Of Bill Gross

In one of the most unsettling announcement for Pacific Investment Management Company, LLC (PIMCO), Bill Gross, “Bond King,” is going to leave the company after four decades of successful growth. Gross is to join the much smaller rival Janus Capital Group Inc (NYSE:JNS) starting September 29. Bill Gross was the head of Total Return Fund

Doral Financial Corp. (DRL)

Doral Financial Corp. (DRL) Continues Push for $230 Million Puerto Rico Tax Refund

Doral Financial Corp. (NYSE:DRL), the second largest mortgage company in Puerto Rico, through its lawyer, is continuing with its aggressive push for overpaid taxes amounting to $230 million. There was an earlier agreement between Puerto Rico treasury department and Doral Financial Corp. (NYSE:DRL) for the refund to be effected, but the government turned back to