Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
Finance/Venture
Norway's sovereign wealth fund increases equity holdings share
The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.
Industry observers split over Wells Fargo's Amex-issued cards
Wells Fargo will release credit cards issued on American Express in 2014. However, industry observers see this as a potential move to rise above competition.
Croatia's finance ministry calls for bids on state-owned HPB
The Croatian government issued an invitation for all interested bidders who are interested to acquire Hrvatska Postanska Banka, a state-owned local bank.
Martin Blessing says he will stay with Commerzbank until reorganization is complete
Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
Latest News
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
Wells Fargo Bank and American Express credit cards have agreed to offer a credit card to the consumer credit market.
In an interview on "The Tonight Show with Jay Leno", President Obama confirmed the presence of a significant al Qaeda threat.
Disney reported increase in the company's third quarter earnings due to media networks, parks and resorts' stronger performance.
Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.
Sources told Reuters that last-minute talks held by German real estate company IVG with creditors could make its debt restructuring deal a possibility.
The drop in first-half profits and loan writedowns of Bank Austria proved that boom times are over in central and eastern Europe (CEE).
The Warsaw Stock Exchange (WSE), also known as the Giełda Papierów Wartościowych w Warszawie (GPW), said it aims to purchase an equity stake of up to 30% from Aquis Exchange.
Biennale of Sydney revealed that they had Julian Knights join them as a member of its board of directors.
