Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
Finance/Venture
Algosaibi Plans New Debt Offer
Ahmad Hamad Algosaibi & Brothers Co. planned to make a new offer on US$7.2 of debt to creditors. Ahmad Hamad Algosaibi & Brothers Co. planned to make a new offer on US$7.
IPOs Double to U$42 Billion Prior Market Reversal Curbing Sales
Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.
Kingdom Executive Director, Halawani Resigns
Ahmed Reda Halawani resigned from Kingdom Holding Co. due to personal obligations and commitments as stated by the company in a statement on the Saudi bourse.
Fund Firm’s Boycott Threatens Lloyds Stock Sale
Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
Latest News
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.
Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities
Closed end funds are increasing in number and value, with 24 funds launched having US$10.5 billion in portfolio value.
