U.S. hedge fund Cerberus has bought a 1 billion euro ($1.4 billion) book of commercial real estate loans from Lloyds Banking Group at a 21 percent discount to their nominal value, the UK bank said on Friday.
Finance/Venture
Private equity firms industry gets ready for closer scrutiny by US regulators- report
Lawyers working in the buyout industry say that the private equity industry is bracing itself for more scrutiny by US regulators, according to a report.
U.S. fund managers increase stock holdings in November
U.S. fund managers increased their holdings of stocks in November, riding a global stock market rally that began when the Federal Reserve put off reducing its monetary stimulus.
Co-op Bank wins retail investor approval for rescue
Retail bondholders of Britain's Co-operative Bank have voted in favor of a restructuring to rescue the bank and proceed with its plan to fill a 1.5-billion-pound hole in its capital.
China may see IPO thaw in 2014 as regulator smoothes approval process
China's securities regulator could streamline its approvals process for some initial public offerings by next January, the regulator said on Saturday, mapping out reform measures.
Latest News
A major index of world equities rose to near a six-year high on Friday, helped by gains in U.S. stocks, on faith in an improving global economy and support from central banks, while U.S. crude oil rebounded from recent declines.
In a bid to ensure the user security of in its platform, popular Bitcoin trading exchange Mt Gox announced today that it is implementing a new one-time password card system.
Bloomberg obtained information from two sources who were aware of the plans by the Basel Committee on Banking Supervision to sign drafts regarding capital requirements on banks worldwide who holds securitizations.
Sydney-based medical services provider Primary Health Care is cutting down loan interest costs on a AUD 1.25 billion refinancing agreement, according to sources interviewed by Bloomberg.
According to a report on The New York Times' The Dealbook, some of the largest public pension funds in the US were following the footsteps of activist investors like Carl Icahn, William Ackman and Daniel Loeb.
Chuck Reed, the Mayor of San Jose, California, is leading a statewide voter initiative that aims to reduce skyrocketing costs of pension plans and retiree healthcare.
The Japanese equities market is making a comeback under the leadership of Prime Minister Shinzo Abe. In his Forbes report, contributor Panos Mourdoukoutas suggests four ways investors can trade the Japanese tsunami on equities.
A Bloomberg report cited officials from India's Finance Ministry who said the government plans to sell some of the stakes it holds in ITC Ltd, Axis Bank and Larsen & Toubro in order to gather funds.
Canadian government talks with Northleaf Capital, HarbourVest for venture capital investment- report
A report from The Wall Street Journal said the government of Canada is in discussions with Northleaf Capital Partners and HarbourVest Partners to manage a portion of the funds it has set aside for venture capital investment.
