Goldman Sachs becomes the latest investment firm to open its own Mexican brokerage firm. Goldman Sachs Group Inc had announced the opening of a local broker-dealer firm in Mexico.
Finance/Venture
Hong Kong faces growth challenge in midst of stricter China, US and local economic policies
Leung Chun-ying and the government of Hong Kong would be pressured to maintain its consistent positive economic growth amidst a property bubble at home and changes in foreign economic policies.
DFM has a new chairman
Upon appointment of the Dubai ruler, the Dubai Financial Market has a new chairman in Essa Kazim. The ruler of Dubai had appointed Essa Kazim to the position of chairman of the bourse operator Dubai Financial Market.
Yue Xiu Group nears deal to acquire Chong Hing Bank
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
BTG working on bid for JPMorgan Commodities Unit - source
Grupo BTG Pactual was reportedly working up a bid to purchase the commodities unit of JPMorgan Chase & Co.
Latest News
Seeing a decline in its fees and revenues in its current market, Fidelity Investments goes into ETF management, a market dominated by the Vanguard Group and BlackRock Inc.
Aside from the monetary penalties, the Attorney General required some form of admission of criminal liability on the part of JPMorgan.
Canso Select Opportunities Fund closed its Toronto IPO with USD 90 million. Lysander Funds Limited announced that its Canso Select Opportunities Fund completed its initial public offering at the Toronto Stock Exchange today.
Blackstone Group and GIC agreed to buy a 28.5% stake each in Rothesay Life, the European insurer of Goldman Sachs.
Uniqa Insurance would be purchasing Baloise Holding's Croatian and Serbian units in a deal worth EUR 75 million.
The New York State Department of Financial Services, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency had approved the merger of US banks Provident New York Bancorp and Sterling Bancorp.
Itqan Capital and partner D3 Consultants unveiled plans to launch an education-focused private equity fund in the Gulf region.
J. Michael Evans, Vice President for Goldman Sachs for emerging markets, is set to retire by this December.
Like many other regulatory authorities, Deutsche Bank is conducting an internal review of conversations and electronic communication for allegations of rigging the the benchmark interest rates.
