Former Deutsche Bank corporate finance executive Alexandre Ness joins Investec Specialist Bank. Investec Specialist Bank announced today the appointment of Alexandre Ness to its corporate lending business unit.
Finance/Venture
Japan Gangster get loans by hiding crime ties
Orient Corp, a Japanese consumer credit company, had been probed by authorities for lending to crime groups with Mizuho Financial Group Inc.
BlackRock cuts Hong Kong investment
BlackRock Inc. had reduced its Hong Kong investment after slow growth in the economy, said a Bloomberg report.
Tapering by Fed Reserve to be held back - BlackRock CEO
BlackRock CEO Laurence D. Fink said the tapering by the US Federal Reserve would be extended until the March.
Obama urges Congress to move on after settled debt issue
US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.
Latest News
Deutsche Bank trader Troy Dixon was said to leave the bank and start his own hedge fund, according to sources who asked not to be identified as the matter was held private in nature.
Knight Capital Americas LLC had agreed to pay USD12 million with US Securities and Exchange Commission for an erroneous trading incurred last August 2012 which brought the company to the brink of bankruptcy.
The bipartisan leaders of the US Senate had finally agreed to end the partial shutdown of the United States and raise its borrowing authority, said a report from Bloomberg.
JP Morgan Chase & Co. had admitted wrongdoing and agreed to pay USD100 million settlement regarding the disastrous London Whale trade, said a report from Reuters.
Renaissance Capital had announced the launch of an exchanged-traded fund (ETF) IPO on the NYSE Arca Exchange.
The quarterly report on angel group investment activities was recently released. A national survey of angel group investment activity was reported in the Q2 2013 Halo Report.
The sale of GE Money Bank was a move from General Electric to retreat from the finance sector that would value the company up toCHF1.53 billion, said a report from Reuters.
People familiar with the matter told Bloomberg that Edgewood Partners was looking for bidders for the insurance firm.
500 Startups said in its recent US Securities and Exchange Commission filing that it would raise USD100 million to increase its investment in early-stage startups and put additional investment in startups it had already supported.
