Finance/Venture
Bank of America, Merrill settle with female brokers for USD39 million over gender bias pay
Court papers released to the public on Friday indicated that Bank of American Corp. and Merrill Lynch & Co. would be settling on its gender bias lawsuit filed on behalf by its female brokers for USD39 million.
Sources say WestView Capital Partners got oversubscribed USD430 million fund
WestView Capital Partners had wrapped up a total of USD430 million which sources referred to as an oversubscribed fund.
Keval Shah resigns from Citigroup
Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.
Ackermann’s departure puts Wauthier’s life in spotlight
The untimely demise of Zurich Insurance Group AG's CFO Pierre Wauthier was pushed into the spotlight after the insurer's CEO exited the company.
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A PriceWaterhouseCoopers and the National Venture Capital Association news report said that venture capital in life sciences companies rose to 26% compared to last year.
There are major changes done from the old Robocop to the new Robocop. The new Robocop is another remake of the Paul Verhoeven classic from 1987. The cast then were Nancy Allen and Peter Weller where a gunned down cop is reborn as part human part machine all policeman.
IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank. The holdings company of the more than century old IberiaBank, IberiaBank Corporation, recently announced the finalization of an agreement where the bank would acquire assets and liabilities from Trust One Bank, a division of Synovus Bank.
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche. A businessman told Reuters that locals were willing to help Banca Marche.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
Malaysia Airports Holdings was able to gather MYR 500 million from its sukuk issuance for the construction of its budget airlines terminal.
As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.
Rothesay Life Insurance, the British insurance operations of Goldman Sachs Group, had agreed to sell 30% shareholdings to GIC and Blackstone.
Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.