Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion. Austria's Raiffeisen Bank International (RBI) is about to bite the bullet as it launches a cost-cutting program to raise Eur 1.
Finance/Venture
Greece approves Eurobank acquisition of Postbank
Greece's bank rescue fund approved of Eurobank to acquire the New Hellenic Postbank. Greece's bank rescue fund approved of Eurobank's acquisition of the New Hellenic Postbank.
Canadian REITs help IPOs rise above SPTSX
Canadian REITs, led by Choice Properties, helped IPOs rise above SPTSX this year. Canadian real estate investment trusts (REITs) helped initial public offerings in the country to rise above the benchmark index.
JP Morgan explores sale of metal warehouse business
JP Morgan set on exploring sales for their metal warehouse business. JP Morgan Chase & Co. explored options to sell its metal warehouse business. U.
AlpInvest Partners buys EUR800 million worth of HypoVereinsbank assets
AlpInvest won its bid to purchase EUR800 million in private equity assets from HypoVereinsbank. AlpInvest Partners, a Dutch private equity investor, finished first in the race to acquire up to EUR800 million of private equity assets from HypoVereinsbank, according to three individuals with knowledge of the situation.
Latest News
Ireland's low corporate income tax attracts US multinationals but the country's Department of Finance claim the policy aims to bolster local economy.
The Chinese news agency issued the corrected statement after analysts made speculations about the published report.
The Australian Competition and Consumer Commission makes a probe about a newspaper report involving Crown Ltd.
China planned to promote technology and boost the progress in energy-saving industries to unleash the economy's potential.
Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.
Debates once again arise about how to strengthen banks without suppressing lending and estranging investors.
Jason Konior pleaded guilty of stealing US$2.9 million from investors as part of the 2011-2012 Ponzi scheme.
Plus500 planned to go public via an IPO to enhance its market presence. Plus500 decided to go public to enhance its market presence. The retail Forex broker planned to do so through offering an initial public offering.
INTL FCStone abandoned its plan to buy Cleartrade Exchange due to the newly-issued financial guidelines.
