A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
Finance/Venture
Analysts see no changes to Fed monetary policy- report
A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.
Banks expecting ECB rate cut
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
Morgan Stanley establishes fund to improve affordable housing
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
ING to exit from mortgage securities for EUR400 million profit
ING Group announced its exit from its EUR24 billion or USD33 billion mortgage securities portfolio. Dutch financial services firm ING Group announced on Friday that would it be exiting from a series of US mortgage-backed securities.
Latest News
BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion. China's second largest financial institution in terms of assets, China Construction Bank Corp, had entered into an agreement to pay BRL1.
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.
A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.
The outlook of the Greek economy showed promise as stocks receives attention. Analysts said Greek stocks are performing well and have beaten every market while recession eased, according to a report by Bloomberg.
Warren Buffett wants more liquidity in assets to have cash when there is fear in the market. Experts said that financial investor Warren Buffett is not investing his cash pile fast enough, according to a report by Bloomberg.
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
