Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
Finance/Venture
Aqua Capital's Agribusiness & Food Fund closes with USD 173.4 million
Aqua Capital said it was able to close its Agribusiness & Food Fund with USD 173.4 million. Private equity firm Aqua Capital announced the close of its Agribusiness & Food Fund, of which had gathered USD 173.
BlueCrest hires Nomura's Kfoury
BlueCrest Capital Management hired Marcel Kfoury after the resignation of Michael Platt, said a Reuters report.
UBS AG's unit opens hedge fund to investors
UBS AG’s unit would open its first hedge fund focused on Asia later this year, according to two people who were familiar with the matter.
TCS Group announces London IPO of Tinkoff Credit Systems Bank
TCS Group Holding would be holding an IPO in London for its retail banking unit. TCS Group Holding Plc bared its plans to conduct an initial public offering in London for Tinkoff Credit Systems Bank.
Latest News
Nykredit would be refinancing its DKK 11 billion debt through preferred stock issuance and contingent convertible debt.
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.
Information technology news site Techcrunch said in a report that investment by venture capital firms in startups that are a least a decade old had been increasing.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
Commonwealth Annuity and Life Insurance Co., a wholly subsidiary company of Global Atlantic Financial Group, announced the completion of its acquisition of Aviva USA's life insurance business.
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report. UniCredit is the biggest bank by assets in Italy. The financial lender had submitted a preliminary offer to acquire Poland's Bank BGZ, according to a Reuters report.
A Federal Court in Australia ordered Li Ka-shing's companies to pay a total of AUD 776 million to the Australian Tax Office.
British insurance firm Aviva sold its US business to Athene Holding for USD 2.6 billion. Aviva Plc sold its US unit to Athene Holding for USD 2. 6 billion, fetching USD 800 million more than the initial price tag.
