Finance/Venture

Dexia and Intesa to receive US$47 million in Piedmont swaps lawsuit

Piedmont was asked to pay Dexia Crediop SpA and Intesa Sanpaolo SpA US$47 million due to interest-rate swap agreement.


Prudential decides to sell unit in Japan to SBI worth US$85 Million

Prudential Plc agreed to sell its PCA Life Japan unit to SBI Holdings Inc. for US$85 million. UK's largest insurer by market value, Prudential Plc, decided to sell its life insurance firm in Japan.

Opus Bank forms Commercial Real Estate Banking division

Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.

PacTrust Bancorp's merger is “unique to Southern California”

PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.


Latest News

Venture capital reached US$1.3 billion in New York. Venture capital fundraising in New York reached US$1 billion. This figure was for the first half of the year.
Jersey Finance welcomed another key step towards meeting AIFMD requirements. Jersey Finance welcomed another key step towards meeting the requirements of Alternative Investment Fund Managers Directive (AIFMD).
Bernanke speech and US retail sales sent most Asian stocks down. US retail sales, which were weaker than expected, caused most Asian stocks to drop Tuesday.
The insurance deal between Athene and Aviva was placed under review. The insurance deal between Athene Holding Ltd. and Aviva PLC was placed under review.
BDC Venture Capital extended US$150,000 to 10 recent Launch36 graduates. BDC Venture Capital announced Monday that it was extending convertible notes to 10 recent graduates of the Launch36 accelerator program.
Third Point Re announced that they plan raise US$250 million through an initial public offering of its common stock.
Wall Street firms Stonybrook Capital and Brooks, Houghton & Company announced that they will take on competitors together.
Reports state that private equity investments in Israel in the first half of 2013 have dropped by as much as 50%.
In an attempt to lure investors, Monte dei Paschi removed the bylaw stating that other investors will own no more than 4% of total shares
There are basic lessons to be learned about management of forex risks. One of the biggest and most liquid of all financial markets is the foreign exchange market.
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