Reuters exclusively reported that Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund company, underscoring Beijing’s increasing ties with the Middle East amid rising tensions with the West.  The post Qatar sovereign fund agrees to buy 10% stake in China asset manager appeared first on Reuters News Agency.

Reuters exclusively reported that JPMorgan Chase’s global head of payments, Takis Georgakopoulos, is leaving to pursue other opportunities, prompting the bank to install new leaders atop one of its fastest-growing divisions.  The post JPMorgan payments chief Georgakopoulos to leave appeared first on Reuters News Agency.

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.