UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.
Finance/Venture
Japan considers USD 50 billion economic stimulus package to cushion tax increase- sources
Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
Swiss Re hires former Deutsche Bank private equity head
Swiss Re hires Christopher Minter to head the reinsurer's acquisitions and principal investments business.
Report foresees banks exiting wealth management units in Asia
France-based Societe Generale was the third major bank seeking to sell its private wealth arm in Asia in the last five years.
Ackermann to step down from Siemens board - reports
Various reports cited sources who said that Former Deutsche Bank AG Chief Executive Officer Josef Ackermann would be stepping down from his post in Siemens AG as deputy chairman of the supervisory board.
Latest News
Britain's Royal Mail had received GBP1.4 billion in credit facilities according to a Sky News Report on Tuesday.
Marcato Capital Management's hedge fund manager Mick McGuire had been thinking about how auction house Sotheby's could benefit shareholders in his company.
For USD200 million, TradeWeb would be acquiring BondDesk. Tradeweb, the fixed income trading platform provider is deep in discussion for the buyout of BondDesk Group LLC.
The rates for the loans engaged by Verizon Communications to pay off the 45% Vodafone ownership in the Wireless venture was recently released.
World Point Terminals announced today that the underwriters for its recently closed IPO had exercised their underwriting options to purchase additional 1,312,500 common stock.
Furniture Brands International Inc. won an approval for bankruptcy financing in a hearing held today at Wilmington, Delaware.
Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. had increased following the announced acquisition of hotel chains by Dalian Wanda Group's Wang Jianlin.
Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.
Verizon Communications Inc. latest corporate bond sale was expected to fetch around USD49 billion. The financial market would be expecting Verizon Communications Inc.
