US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
Finance/Venture
Infosys Q1 results as expected, stocks rise almost 15%
Infosys Q1 results were as expected and stocks rose by around 15%. Infosys first quarter report was aligned with market expectations. Shares of the IT firm also rose almost 15% early morning in Friday.
Private equity firm, 3i Group, hits Highs
3i Group's stock value hit its highest since 2007. 3i Group's shares closed at a 4-year high as investors proceed to buy into 3i Group's turnaround strategy.
H&R Block to sell banking assets
Tax services provider H&R Block said in a statement that it would exit its banking business by selling some of its assets to Republic Bancorp Inc.
Lloyds shares opened for retail investors
Lloyds Banking Group shares set to be sold to retail investors Lloyds Banking Group announced that half of the government's GBP18 billion stakes in Lloyds is expected to be sold to retail investors.
Latest News
The investment company employs Peter Kotz, who has over 18 years of solid work experience. Gladstone Investment Corporation employed a new Managing Director for its Chicago office.
Myanmar government figures and US companies met to discuss future investment endeavors. In a meeting between representatives of American companies and Myanmar government officials, the lack of investments from the United States was highlighted and discussed.
Enstar Grouped acquired Torus Insurance in a US$692 million agreement. Enstar Group announced today that it acquired Torus Insurance for US$692 million.
Belarus' National Agency for Investment and Privatization discussed with nine associations the way to attract more foreign direct investments.
Due to free trade agreements with many nations, Morocco is set to become the next investment hub, analysts said.
The Bank of America downgraded its rating on financing firm CYS Investments. The Bank of America downgraded CYS Investments to an "underperform" rating from a previous "neutral" classification in a research note released today.
Dawn Capital's latest fund raised US$95.1 million. According to a statement by Dawn Capital, its latest fund generated a total of GBP63 million or US$95.
The state-owned bank, which has been in talks to sell BNI life shares since last year, is reviving its plan to push through with the transaction.
ACE launched ACE elite II public offering of securities insurance. The ACE Group of Companies announced the launch of ACE elite II Public Offering of Securities Insurance (POSI).
