TransUnion securing the approval from the US Bankruptcy Court for the Southern District of Florida to acquire TLO LLC would mark the end of the court-supervised acquisition.
Finance/Venture
New peer to peer lending platform, Daric goes live next week
Daric, a new peer to peer lending platform will go live on Nov 27th, 2013 barring any unforseen regulatory issues. The platform differentiates itself by focusing on user experience and less hassle without borrowers needing to upload any files in the application side.
Investors wary of record-setting US stock
The S&P jumped around 26% in 2013 with major indexes hitting record high, but investors are wary of the surge in US stocks, citing a potential big drop on the market the following year.
Coeure says European Central Bank may cut rates further
European Central Bank (ECB) Executive board member Benoit Coeure said the ECB plans to maintain its low interest rates or may cut them further because of low inflation.
Peugeot to replace chief executive for Dongfeng deal -sources
PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
Latest News
The creation of The Bitcoin Investment Trust (BIT) by online marketplace SecondMarket was reportedly a precursor to more vehicles for investors intending to bet in Bitcoin at its popularity.
Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.
Kareem Serageldin, a former banker of Credit Suisse, was sentenced to 30 months in prison for his role in the scheme that inflated the prices of subprime mortgage bonds artificially at a time when housing and credit conditions were taking a turn for the worse.
California-based Green Dot Corp. intends to buy GE Capital's Wal-Mart branded prepaid debit cards. The deal will bring in over USD276 million in total deposits to Green Dot's bank in Utah.
As far as investors go, there are two sides to the Bitcoin - to bet or not to bet in the digital currency. Joe Light, in his Wall Street Journal report, provided these two sides.
G20 Ventures sought to raise USD75 million for its first venture capital fund. A November 20 filing confirmed reports that Advance Technology Ventures's Bob Hower and Bill Wiberg will spin out a new venture fund under the name G20 Ventures.
Federal Governor Daniel Tarullo said regulators should put their attention not only on banks but on the shadow banking system as well. He said policy options for shadow banks needed to be reformulated to counter its risks.
A report published on Reuters said investors continue to pour in lots of money in hedge funds as they view the investment as a necessary yet expensive part in their portfolios.
Stephen Cutler, the top lawyer for JPMorgan Chase, lashed out against government regulators in an industry conference at The Clearing House attended by both bankers and regulators.
