The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
Finance/Venture
Zurich defends account as Ackermann resigns
Zurich Insurance Group dispelled its concerns about the resignation of Josef Ackermann in the wake of its CFO's death.
August busiest for European buyouts
Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
Hedge funds uneasy on Summers's possible Fed Reserve nomination
According to a Bloomberg report, the potential nomination of a Federal Reserve outsider made investors scramble for advice on whether the news would have an effect in financial markets and monetary policy.
Calamos Investments President and COO leaves firm
James Boyne, erstwhile Calamos Investments President and COO resigns to pursue non-profit work. In an announcement last Thursday, Calamos investments announced that the firm's President and COO would be leaving the company by September 30.
Latest News
The government of Germany said it was still open to talk with Airbus about its development loan. The German government said it is still willing to discuss the development loan with Airbus.
The Royal Bank of Canada promoted Taylor as the bank's first female chairman. The Royal Bank of Canada (RBC) had elected Kathleen Taylor as its first female chairman in 2014.
A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
TH Lee Partners LP is discharged as a defendant in the case of an 'overarching' conspiracy regarding buyouts and the collusion between private equity firms.
Pure Storage was able to raise USD150 million in its latest funding round for its operational expansion in the data storage market.
Insight Equity Holdings announced the hiring of two new vice presidents and three new associates to its management team.
JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.
NASDAQ OMX Group identified a software bug that had caused the three hour trading halt last August 22.
A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
