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Alibaba Group Holding Ltd (NYSE:BABA) Gave A Blockbuster Performance In IPO; Citizens Financial Group Inc (NYSE:CFG) Failed

Boston, MA 09/25/2014 (wallstreetpr) – Alibaba Group Holding Ltd (NYSE:BABA) was the buzz word recently with its highest ever IPO in the U.S., but when Citizens Financial Group Inc (NYSE:CFG) started trading with highest U.S. bank IPO, it did not gain equal popularity. Despite the fact that more number of people have heard about or […]

Bank Of America Corp (NYSE:BAC) And Others Get Enforcement Letters From Regulators In Foreign Exchange Markets Manipulation Probe

Boston, MA 08/14/2014 (wallstreetpr) – Various banks including JPMorgan Chase & Co. (NYSE:JPM), Morgan Stanley (NYSE:MS) and Bank of America Corp (NYSE:BAC) have been issued notification from the regulators in context with the alleged currency rigging. The regulators are in process of preparing enforcement actions on activities associated with currency rigging.  It has been alleged that […]

Royal Bank of Scotland Plc. (ADR) (NYSE:RBS) Agrees To Pay $275 Million As Settlement For Its Fraudulent Mortgage Backed Securities

Boston, MA 02/19/2014 (wallstreetpr) – Royal Bank of Scotland Plc. (ADR) (NYSE:RBS) has come to a consensual agreement and agreed to pay $275 million as settlement fee to resolve an ongoing lawsuit in which it is accused of misleading investors in Mortgage backed securities. The accord now awaits approval by a federal Judge in the US […]

Investors group wants to buy 90% stake of plane lease- AIG, BX, BCS, & RBS

American International Group, Inc.(NYSE:AIG), the insurer declared to sell 90% stake of its plane leasing unit to New china Trust Co. The investors associated with it in the deal are new china life insurance Co, P3 investment Ltd, ICBC international and china aviation Industrial fund. The deal is finalized at about $5.5 billion, which is […]

Employees of Securities unit of Citigroup Inc.(NYSE:C) to be sacked- CS, UBS, MS, GS, & RBS

Citigroup Inc. (NYSE:C) is planning to reduce its headcounts by 150 members and to slice off the bonus by 10%. The decision of the company affected its stock badly. Reduction in bonus lowers down the value of the security while job cuts off affect 17,000 people and the economy at large. The Citigroup Inc. (NYSE: […]