JPMorgan Chase, Citigroup and Goldman Sachs are among foreign lenders protesting a Russian central bank plan that would drastically reduce their ability to move funds from local units to their parent companies outside of Russia.
The investors initially won the right to sue as a group in 2015 before an appeals court reversed the ruling; the $13 billion lawsuit can now proceed as a class action.
Private equity firms are making loans to midsize businesses and online banks are winning deposits by paying 2% interest; Goldman hires a veteran M&A banker.
The funds have brought in record amounts thanks to lowered fees and more salespeople; ex-Goldman managing director says in suit he was blamed for trades.
They are disinclined to talk about it much yet, but the big three trust banks as well as JPMorgan and Goldman are said to be mulling custody services that would help shield wealthy bitcoin investors from theft. Here are the selling points and the risks.
The company says several banks and credit card issuers are interested in data sharing; rates may go even higher when corporate borrowers need to refinance.
Even Financial, which provides an intermediary API between banks and third parties for consumers to be matched with financial products, raised the funds from investors, including Goldman Sachs.
With Blankfein retiring, the JPM chief will be the last crisis-era big bank CEO still in charge; earnings and big payouts are boosting bank equity prices.
