Finance/Venture

TwinFocus stated that it had established a Private Equity unit and brought in Orlando Mendoza to lead the newly formed unit.

Colonial Savings puts a financial services veteran as new DFW Commercial Bank President. Colonial Savings has named veteran financial services professional Brent Davis as the new DFW Commercial Bank President.

Summerhill joins several investors in bringing up C2FO's total to USD 18 million, Canada-based Summerhil; Venture Partners has joined investment firm Mithril in raising C2FO growth funding to a total of USD 18 million.

Richman Group closed a total of USD 291 million of tax credit funds. Richman Group Affordable Housing Corp, a top equity fund sponsor for housing, closed a USD 166 million fund that includes a portfolio of properties scattered in 18 states and USD 125 million fund in New York, bringing up the total to USD 291 million.

Latest News

The Bank of Cyprus is thinking of restructuring its operations into retail and asset management. The Bank of Cyprus is considering the possibility of splitting its operations as part of its restructuring scheme.

PacWest Bancorp agreed to purchase CapitalSource for $2.3 billion in cash and stock. PacWest Bancorp (PACW), a California-based bank holding company, has agreed to buy commercial bank CapitalSource Inc.

The dollar has risen after a month-long slump but the journey upwards is not going to be smooth. From a low of 82. 047 on Monday, the dollar index, DXY has risen to 82.

Frontier Capital, a private equity firm, invests in recruitment process outsourcing WilsonHCG. Private equity firm Frontier Capital reportedly invested in WilsonHCG, a Florida-based HR consulting and recruitment firm.

The Help to Buy scheme of George Osborne risked creating a new housing bubble. The Help to Buy scheme was George Osborne's latest attempt at kickstarting the economy.

Analysts said that Apple's September quarter forecast would give hints at next iPhone's release date.

Earnings of Apple for its June quarter will be revealed. It was reality check time for Apple once again. The technology giant reported its earnings for the June quarter Tuesday.

The royal baby was expected to receive the greatest inheritance ever received by any royal heir. The royal baby, who has not even been given a name yet, will inherit US$1 billion, according to Wealth-X.

US President Barack Obama congratulated the royal family of Britain after Kate Middleton's successful delivery of the third in line to the British throne.

PayPal's mistake made a resident from Pennsylvania the richest person alive for a few hours with exactly US$92,233,720,368,547,800.