The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.
Finance/Venture
Apache Partners Set Up New Fund
Apache Partners opens up to new markets with new Global Fund. The UK based investment advisors Apache Partners LLP, founded by Paul Forsyth has recently announced a new fund starting March 22, 2013.
Hiscox To Return GBP200 million to Shareholders
Hiscox announce dividends for its shareholders. (Photo: Reuters) Rain falls outside a branch of Lloyds TSB in London The second largest Lloyd's of London insurer by market value, Hiscox Ltd has initiated plans to return nearly US$303 million to its shareholders.
mFoundry and Mastercard Concludes Deal to Provide Enhanced Customer Shopping Experience
mFounder has agreed to use MasterCard's MasterPass for its bank customers. mFoundry and Mastercard have reached agreement to avail MasterPass-connected wallets to nearly 900 bank customers of mFoundry.
Goldman Sachs Lay Off Staff
Goldman Sachs to lay off employees again. Goldman Sachs is undertaking cost cutting measures in light of issues with its bottom line. Job cuts are in the offing, with some getting the axe as early as this week as the business continues to face rough waters.
Latest News
Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.
Apache partners, a UK-based investment advisory firm, will be setting up a fund with main focus equities and fixed income in key markets.
Barclays increases stake in Absa. Absa Group's minority shareholders openly supported a plan to purchase the African operations of Barclays Plc. The purchase would amount to US$2.
Jim Woolery steps down at JPMorgan to start as chairman for law firm Cadwalader, Wickersham & Taft. (Corrects title of new deputy chairman and Chris Ventresca remaining at JP Morgan in second paragraph) Jim Woolery, co-head of North American mergers and acquisitions business at JP Morgan, is leaving the company to work for law firm Cadwalader, Wickersham & Taft, the investment bank's spokeswoman said.
The top market marker in the U.S. is expected to sell its credit-brokerage business unit to Stifel Financial Corp.
Wolfberg and Landry to join forces in new hedge fund firm. Adam Wolfberg, a veteran of SAC Capital Advisors, Diamondback Capital Management and the Galleon Group is teaming up with Steven Landry of East Bay Asset Management would launch a new hedge fund.
Former Soros CIO Anderson now raising funds for own financial firm. Learning from the best now he is striking it out on his own. Keith Anderson, former Chief Investment Officer at Soros Fund Management is now raising funds for his own hedge fund named Anderson Global Macro according to recent report from Reuters.
Private equity defined in simple terms. Private equity is simply a class of assets that include equity securities in operating companies that are not bought and sold in the stock exchange.
RBS is expected make sale of a portion of stake in Citizens Financial Group The Royal Bank of Scotland is set to announce its plan to sell a stake portion in Citizens Financial Group Inc.
