A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
Finance/Venture
Stanford Marine hires bank for London stock market listing
Stanford Marine Groups prepares for its debut in the London stock market, hires heavyweight investment bankers.
Modern Land offer attractive to investment hungry China
The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.
Deutsche Bank China receives new license
Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.
Clifford Capital's guaranteed note face high demand
The five year USD300 million Singaporean backed note is now bring priced at the higher range indicating high demand.
Latest News
PricewaterhouseCoopers (PwC) would be acquiring Booz & Co for an undisclosed amount. A Reuters report said UK accounting firm PricewaterhouseCoopers (PwC) entered into an agreement to purchase a corporate consulting firm.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
The source said China Construction Bank Corp's acquisition of BicBanco would be the easiest step in securing a license to expand in Brazil.
Sources told Bloomberg that hedge funds were asking the consumer bureau to investigate World Acceptance Corp.
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
Securus Medical Group raised USD 6.5 million at the initial close of its Series B round led by 3X5 Special Opportunity Fund.
The fund was able to raise an amount well above the projected amount with interest in the Nordic region as its greatest asset.
Onex Credit completed its fourth collateralized loan obligation through a private placement. Onex Corporation through a statement announced Onex Credit Partners LLC had completed the offer of its fourth collateralized loan obligation through a private placement transaction.
The new venture of Cliffwater LLC and Virtus Investments would be called Cliffwater Investments. Multi manager asset management business operator Virtus Investment Partners together with leading advisory firm Cliffwater LLC announced the establishment of Cliffwater Investments LLC.
