Global investment banking services showed its strongest annual start in two years with fees rising by six percent in the first quarter.
Finance/Venture
Ex-HBOS chief James Crosby resigns as Bridgepoint adviser
Sir James Crosby, the former chief executive of HBOS who is allegedly the architect of its collapse, has quit as adviser to private equity firm Bridgepoint
France asks banks to be Euronext investors - sources
If the French government will have its way, it wants that a consortium composed of banks and insurers in the country to buy around 34 percent of the Euronext stock exchange.
Cerberus aims for higher stake in Japan's Seibu
Cerberus Capital Management LP is pursuing its bid for greater control of Japan's Seibu Holding as it tries to increase its stake to 44.7 from 32.4 percent.
Private equity industry faces new challenge as investors go direct for deals
The private equity industry is facing a new challenge with investors, to avoid the hefty fees being charged by private equity firms, directly buying stakes in companies or go into co-investments.
Latest News
Cyprus’ action scares depositors Inflicting losses on deposits at Cypriot banks could drive investors across the world to pull their money from banks in other countries, according to Carlyle Group co-chief executive David Rubenstein.
Harvard can keep its above-average returns with its strategy of investing into hedge funds, private equity and real assets, according to the head of its investment arm.
A new survey revealed that mergers and acquisitions activity for developed and emerging markets declined in 2012.
Attractive rates and longer maturity periods are luring private equity firms to replace leveraged loans with European high-yield bonds.
Sterling Bancorp was purchased by Provident New York Bancorp for US$344 million. Provident New York Bancorp has announced its purchase of Sterling Bancorp through a stock deal amounting to US$344 million.
Nationwide Financial has announced that it is acquiring 17 equity and bond mutual funds with $3.6 billion in assets from Union Bank's HighMark Capital Management.
Michael Pausic, long time fixture at Maverick Capital would be establishing his own hedge fund. Michael Pausic of Maverick Capital manages media and telecommunications investments at the hedge fund.
The finalists for the bids for NFP are TPG and Madison Dearborn. The two final bidders for wealth management company National Financial Partners are private equity firms TPG Capital and Madison Dearborn Partners.
Allianze, through its CIO criticized the handling of block sales of firms resulting in retained shareholdings by the bank.
