Spanish Prime Minister, Mariano Rajoy claims that recovery is close for Spain. Spain Prime Minister, Mariano Rajoy makes a risky political bet by making claims that recovery is close at hand for Spain.
Finance/Venture
Bonds rose after Bernake assurance
European government bonds advanced after Fed Chairman subdued issues concerning the US stimulus. Government bonds in Europe rose after US Federal Reserve Chairman Ben S.
S&P raises Swedbank's rating outlook to stable
Swedbank's rating outlook was raised to stable by S&P. Standard & Poor's Ratings Services (S&P) raised the credit rating outlook of Swedbank AB to stable.
G20 concerned with US Fed, China, and Japan
Participants of the G20 summit held recently in Moscow expressed concerns regarding US Fed, China, and Japan.
Bankrupt Jefferson County hires Citigroup to handle bond refinancing
Citigroup Global Markets was picked by bankrupt Jefferson County to handle its bond refinancing. Lawmakers from the bankrupt Jefferson County, Alabama, picked Citigroup Global Markets, part of Citigroup Inc.
Latest News
SEC said that they are ready for the Fabrice Tourre trial. The U. S. Securities and Exchange Commission announced that they head to trial for the fraud case against the former Goldman Sachs bond trader, Fabrice Tourre.
Columbia's Grupo Aval announced their intent to acquire 100% stake in BBVA Panama Grupo Aval announced that they will pay US$490 million to acquire the Panamanian operations of BBVA Bank.
Private equity veteran T.J. Jubeir has been named as one of the board of directors of Capital Chapter of the Entrepreneurs Organization (EO-DC).
Goldman Sachs Group, Inc and Bank of America leads the corporate bond sales this week, which raked in approximately US $30 million.
Beleaguered lender Kommunalkredit proceeds with run-off after its efforts to find buyers fail. After its failure to find buyers, Kommunalkredit Austria AG is expected to close its books and attempt to sell off parts of its assets.
Claridge Ventures announced that they are set to acquire Indo Global Exchange PTE LTD. Claridge Ventures, Inc. announced that they have entered a stock exchange agreement with the Indo Global Exchange PTE LTD.
Synovus Financial Corp announced the pricing of its 59,870,550 million shares set up for public offering.
Nigerian Minister Aganga said the government wanted to build a venture capital sector. "We want to build a new sector called Venture Capital and private equity sector to support small and growing businesses in Nigeria," said Olusegun Aganga.
Simply Business completed a management buyout from Brit Group. Simply Business announced the completion of a management buy-out from Brit Group, which held 37% stake in the firm.
