Alibaba seeks $5 billion loan amid tech financing rush Alibaba seeks $5 billion loan amid tech financing rush:- Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters' Basis Point, amid a flurry of fund-raising by China's […]
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Technology is now at root of almost all serious crime Technology is now at root of almost all serious crime:- High-tech crimes, such as document fraud, money laundering and online trading in illegal goods, are at the root of almost all serious criminality, Europe's police agency said on Thursday. "These […]
RBS investors told to reveal funding in cash call case RBS investors told to reveal funding in cash call case:- A judge on Thursday ordered legal representatives of thousands of shareholders suing Royal Bank of Scotland (RBS.L) over a 12 billion pound ($15 billion) cash call to prove they have […]
Trump meets with U.S. community bankers, pledges to scale back regulations Trump meets with U.S. community bankers, pledges to scale back regulations:- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access […]
American Air lowers key revenue guidance, sending shares down American Air lowers key revenue guidance, sending shares down:- American Airlines Group Inc (AAL.O) on Thursday became the second major U.S. airline this week to lower guidance on a closely watched revenue metric, sending shares of several major carriers lower. However, […]
Merrill Lynch may keep commission-based retirement accounts Merrill Lynch may keep commission-based retirement accounts:- Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Trump ordered the Labor Department last month to delay the proposed retirement-savings rule. In a conference […]
