AssuredPartners closed its purchase of GBP Risk Solutions, an Arizona-based insurance firm. Florida-based AssuredPartners Inc announced the completion of its acquisition of Golseth & Gregson Insurance Services which does business as GBP Risk Solutions.
Finance/Venture
Hesse economy minister says sale of Commerzbank an option
Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
USD 40 million earmarked for Credorax from investments
Credorax receives USD40 million equity investment for its expansion Online retailer acquirer and Payment Service Providers, Credorax, announced a USD40 million growth equity investment which would be used to support continued expansion of its platform.
Janes departs as co-head of investment banking at Barclays Australia
Daniel Janes stepped down as co-head of investment banking for Barclays PLC to "pursue new challenges," according to an internal memo held by Reuters.
PwC pension fund to buy stake in German skyscraper
A PricewaterhouseCoopers (PwC) pension fund had been talking with CA Immo on buying a stake in Tower 185, Germany's fourth-tallest skyscraper.
Latest News
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
The US Securities and Exchange Commission called rival exchange operators Nasdaq and NYSE to give details on the three hour trading halt which occurred last week.
According to Bats Global Markets Inc. CEO Joe Ratterman, the merger of Bats and Direct Edge Holdings Inc. had raised stock data.
Former JP Mogran & Chase trader Javier Martin-Artajo had been released from policy custody after he had kept trading losses that cost the bank USD6.2 billion losses.
NCAA's investment portfolio is now valued at USD 527 million as its quasi-endowment and operating reserve posted gains of 11%.
Mongolia would be replacing its 2012 law that puts limits on foreign ownership with a new measure that is more investor-friendly.
Lloyds Banking Group agreed on a sale of its loan asset portfolio from its BOS International Australia unit to Bain Capital's Sankaty Advisors.
Indonesia gathered IDR 12 trillion in its most recent bond offering, beating an initial target of IDR 8 trillion.
Regus suffered a 3% drop in first half profits as a result of the restructuring costs of its earlier acquisition.
