It will be a good idea to switch to foreign bank stocks instead. These companies, mainly operating in their home countries, are largely influenced by local economic growth.
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Following the stock-cash merger deal worth $5 billion of Toronto-based Royal Bank of Canada (RY) and U.S.-based City National Corporation in Nov 2015, Royal Bank of Canada's Chief Executive Dave McKay intends further expansion in the United States.
Banco Macro S.A. (BMA) was a big mover last session, as the company saw its shares rise nearly 6% on the day.
Frankfurt-based German lender Deutsche Bank AG's Chief Executive Officer John Cryan has discarded plans to open a new digital bank in the U.S. on concerns that the project would divert resources from the bank's core strategy.
In a bid to boost capital levels, Deutsche Bank AG's (DB) efforts to deconsolidate its retail unit, Deutsche Postbank AG, seem to get further delayed
Moody's Investors Service, a rating arm of Moody's Corporation (MCO), recently concluded the review of Deutsche Bank AG (DB) and its subsidiaries' for a possible rating downgrade.
Japanese brokerage giant Nomura Holdings, Inc. (NMR) has reportedly cut pay for its top executives by 18% as the company struggled with a plunge in profits.
Deutsche Bank AG (DB) is conducting an internal probe into certain trades commenced in 2009 that may have benefited a group of current and former employees with substantial profits, some of it at the bank's expense
Barclays Africa unit has attracted the attention of Abraaj. The private equity firm plans to acquire a minority stake in the division.
Japanese banking giant Mitsubishi UFJ Financial Group, Inc. (MTU) and Hitachi, Ltd. have entered into a business alliance to boost their operations
Deutsche Bank AG (DB) is under investigation by Italian authorities related to the bank's sale of 7 billion euro ($8 billion) of Italian government bonds in 2011.
Barclays began offloading stake in Africa unit. Will the company continue stake sale through capital markets or seek a strategic buyer for the remaining interest?
Deutsche Bank AG (DB) has "serious" failings in anti money laundering controls, per findings by the UK regulator Financial Conduct Authority (FCA).
Japanese banking giant Mitsubishi UFJ Financial Group, Inc.,'s (MTU) core unit is contemplating further acquisitions in the U.S. and Asia, in line with its strategy to pursue global growth opportunities
Deutsche Bank AG (DB) will shell out more than $4 million per an agreement with the Financial Industry Regulatory Authority (FINRA), settling claims of improperly reporting data on millions of options trades
The ratings of Deutsche Bank AG (DB) along with its subsidiaries have been kept under review for a possible downgrade by Moody's Investors Service, a rating arm of Moody's Corporation (MCO).