Finance/Venture

Former Co-op chief says executives have doubts over viability of Lloyds banking unit acquisition

Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.


PBOC hosts private meeting with money dealers in light of short-term rate increase

An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.

Judge approves tentative deal for Countrywide

Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.

Morgan Stanley to widen share buyback plan, will seek regulatory approval - report

A Wall Street Journal report cited sources who said Morgan Stanley plans to seek approval from the US Federal Reserve regarding its plans to widen its share repurchase program.


Latest News

Chrysler amended some of the statements it made for its initial public offering filing. Chrysler Group made changes to its registration statement for its initial public offering.
A source told Bloomberg that Lone Star Funds closed its third real estate fund with investor commitments reaching USD 6.6 billion.
CVSL Inc offered to buy Blyth Inc for USD 268 million, according to sources interviewed by Bloomberg.
Hypermarcas would be repurchasing 40% worth of its USD 750 million outstanding global bonds that would expire on in 2021.
The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.
Despite the negative press Bitcoin received due to the Silk Road black market scandal, industry observers believed that there would be a renewed investor interest in digital currency.
A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
Blackstone Group President Tony James said he won't leave Blackstone despite share sale. Blackstone President Tony James said he was not looking for a career outside of the private equity industry.
Oil service company Green Field Energy Services Inc filed for a Chapter 11 bankruptcy protection in a Delaware court.
Real Time Analytics