Private equity companies Centerbridge and Anacap had been included in the list of bidders for Spain's smaller nationalized lenders.
Finance/Venture
Zurich CFO suicide aftermath threatens Ackermann’s legacy
The suicide of a Zurich Insurance executive might threaten opportunities for its former CEO Josef Ackermann who announced resignation from the company last week.
OTP Bank prepares offer for state owned shares in Takarekbank
OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.
Bidders for EVO Banco identified by news report
The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.
Lufthansa to modify pension plan for employees by year's end
Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.
Latest News
Istithmar World announced the appointment of Ziad Makkawi as its new CEO. The state owned conglomerate of the United Arab Emirates, Dubai World, announced the completion of a USD 25 billion debt restructuring in 2011.
Mark Carney, Chairman of the Financial Stability Board, said banks had infused fresh capital amount to half a trillion dollars since 2009.
The European Commission approved the restructuring plan of BCP, Portugal's largest listed bank.
The Central Bank of Malaysia said no to the proposal of BIMB Holdings to issue Islamic bonds to fund its purchase of Bank Islam.
Ex-Morgan Stanley Hajime Kitano was hired as an equity strategist at Barclays Securities Japan Ltd. Barclays Securities Japan Ltd. Kazutoshi Ohkubo told Reuters in a phone interview that former Morgan Stanley Japan equity strategist Hajime Kitano would join the UK bank in Tokyo today.
Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
