Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
Exits
Ackman pares USD1 billion bet in Herbalife to 40%
Activist investor William Ackman told investors through a letter dated October 2 that he had reduced over 40% of his USD1 billion investment with nutritional supplements company Herbalife.
DONG Energy's divestment may lead to credit rating review
Credit analysts said that the divestment of DONG Energy's 26% stake to two funds managed by Goldman Sachs and two Danish pension funds may lead to a reassessment of its negative credit outlook.
Veeva files for USD 182.6 million US IPO
Veeva Systems Inc filed for a USD 182.6 million IPO in the New York Stock Exchange. Cloud computing company Veeva Systems Inc filed for an initial public offering to raise up to USD 182.
Essar Energy divests shareholdings in Kenya Petroleum Refineries
Under the joint venture agreement, Essar Energy can exercise a USD5 million option to sell its shareholdings in the joint venture project with the Kenyan government.
Latest News
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Forgame Holdings Ltd experienced a premium of one-third of its stock price during its trading debut on the Hong Kong Stock Exchange on Thursday, said a Reuters report.
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
FinGelit Chief Executive Officer Mattia Malgara said the Italy-based food maker would be going public next year.
British insurance firm Aviva sold its US business to Athene Holding for USD 2.6 billion. Aviva Plc sold its US unit to Athene Holding for USD 2. 6 billion, fetching USD 800 million more than the initial price tag.
Empire State Realty Trust debuted on the New York Stock Exchange at USD 13.10 per share. Empire State Building owner Empire State Realty Trust Inc debuted on the New York Stock Exchange on Wednesday.
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.
