On May 20, Reuters was about a minute ahead on a news alert when JPMorgan Chase CEO Jamie Dimon, speaking to investors at an event in New York, revealed that major Wall Street bank is not planning to buy back its shares, driving a sharp slide in the stock from record highs. This was followed by a more than 1-minute win on the hotly anticipated announcement...

Reuters reported first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion. Shares in Yapi Kredi soared 10% after the news emerged, while Koc Holding jumped more than 9%, both touching record highs. FAB shares slipped slightly.  The post Emirati...

Reuters exclusively reported on Goldman Sachs’ aggressive campaign to water down a proposal to raise capital requirements for big banks. A Reuters review of private Goldman documents, interviews with program participants and public disclosures revealed how Goldman recruited small business owners from across the country in its battle against the so-called...

Reuters exclusively reported that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings.  The post US warned Raiffeisen access to dollar system could be curbed over Russia appeared first on Reuters News Agency.

Reuters exclusively reported that UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country. The post UBS shuts some China private funds, will lay off staff  appeared first on Reuters News Agency.

Reuters exclusively reported that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining empire. The post UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive appeared first on Reuters News Agency.