Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Exits
Telefonica prepares for stake sale of Czech Republic unit- sources
Sources told Bloomberg that Telefonica was preparing to sell the 69% stake it holds in Telefonica Czech Republic.
Palatine Private Equity invests GBP 16 million for minority stake in Forrest
Palatine Private Equity had purchased a GBP 16 million minority stake in Bolton-based Forrest. UK-based investment firm Palatine Private Equity bought a GBP 16 million minority stake in social housing contractor Forrest.
Hyderabad based Deccan Chronicle selling off newspaper titles
The lenders fighting over the titles owned by the Deccan Chronicle would be in dispute. The creditors of Deccan Chronicle Holdings unable to recover dues worth more than INR5,000 crore because of a dispute over the publishing titles.
Clariant to gain CHF 320 million from leather-chemical, detergent units- analysts
Analysts surveyed by Bloomberg said Clariant would gain CHF 320 million once it would divest its leather and detergent businesses.
Latest News
The position of COO was created and an old hand resigns from the company, according to Athabasca Oil Corp announcement.
Facebook Inc's investors including the social media company director Peter Thiel were not confident about the company's performance post-IPO.
According to a report from Bloomberg, Forest City Ratner Cos had sold a 70% stake in Atlantic Yards to speed up a real estate project confronted by years of delays.
Consol Energy's 'all options' review help share values increase. The largest US coal production company in terms of market value, Consol Energy Inc.
In an announcement, after completion of a previous second lien loan, Bacchus Capital Management exits Bob Lundquist's Quepe Wines.
Victory Park Capital sold its portfolio company Ascent Aviation Services Corp to LongueVue Capital Partners.
GAIL India agrees to sell off shares through block sales in China Gas Holdings. GAIL, the state-run gas company, had offered to sell USD65 million worth of stocks in China Gas Holdings Ltd.
Retail buyouts and mergers lead by foreign exchange market broker FXCM Inc had been seen proliferating in the midst of closures of some of the biggest hedge funds in the US and European Union.
New York City Opera Kenneth Rosen had indicated in a court hearing that the American opera company would be open to a merger.
