Piraeus bested rival Alpha Bank to become the manager of Cypriot lenders Bank of Cyprus and Cyprus Popular Bank.
Finance/Venture
Wider Commodities Funds Draw Investors
Investors of Commodity exchange-traded funds (ETFs) are shifting their interest to funds with broad commodities exposure.
Italy's Government Impasse to cause deep Economic Scars
The current lack of a majority in the Italian government is seen as a precursor to further economic issues in the long run.
Cyprus Now Reeling at the Ropes for a Financial Bailout Plan
Cyprus is working round the clock in drafting and discussing an amenable financial plan to avert bankruptcy.
Barclays Declares Shares in Ziggo
Despite offer for sale, Barclay's shares in Ziggo too expensive. Barclays was constrained to report its 14. 2% share in Zigoo, the Dutch cable company after the bank was unable to sell its shares during the stock sale it had conducted this week.
Latest News
The US, with its latest megadeals, lead the volume in mergers and acquisitions, overshadowing the bleak future of Europe and Asia.
Despite the clamor for more executive payroll controls, Credit Suisse decides to increase the pay of its CEO in 2012.
AXA stands to earn from purchase of its private equity subsidiary. In a statement, AXA is expecting to receive Eur 200 million or US$259. 94 million gain from the buyout of its private equity unit.
Barclays has decided to declare a 14.2 percent stake in Dutch cable company Ziggo following its failure to find enough buyers for the shares in a sale.
French insurer AXA is now finalizing the sale of the majority state in its private equity arm to a group of investors in a deal worth about 500 million euros.
Greece has reached a deal to purchase local units of Cypriot banks in a bid to save Greek banks from the crisis.
Schroders reveals that it was planning to acquire smaller rival Cazenove as it sees rise in its assets.
Temenos, a Swiss financial services software provider, said it completes its acquisition of U.S.-based compliance technology firm TriNovus in addition to its 800 institutional clients.
Blackstone eyes Hurd for CEO if and when it takes over Dell. The Blackstone Group LP is making an aggressive offer to hire Mark Hurd from Oracle to be the new CEO of Dell.
