In a move that might lift the spirits of cash-strapped Britons before the next general election, the government is considering giving away its stake in state-controlled Royal Bank of Scotland RBS.L by 2015, newspapers reported on Friday.
Finance/Venture
Wells Fargo Increases Equity within Volcker Rule
Wells Fargo continues private equity investment activity despite Volcker Rule. Wells Fargo and Co CEO Dick Kovacevich initially had reservations about banks dabbling in private equity investments.
UBS Wealth Management Americas Lures Top Adviser Henry Berkley from Morgan Stanley
UBS has recruited former Morgan Stanley adviser Henry Berkley as it competes in pooling top advisers in the U.S.
Standard Chartered Appoints Tom Emmet as M&A Business Head in the Middle East and North America
Standard Chartered has announced the appointment of Tom Emmet to lead merger and acquisition activities in the Middle East and North America.
C.Agricole loss balloons on writedowns, Greece
Credit Agricole posted a 6.5 billion-euro full-year loss - the worst since the French bank went public in 2001
Latest News
Merger Creates Dominant Korean-American Bank in the Pacific Northwest BBCN Bancorp, Inc. (NASDAQ: BBCN), the holding company of BBCN Bank, today announced that it has completed the acquisition of Seattle-based Pacific International Bancorp, Inc.
AMR Corp creditors plan to meet on Monday and could vote on a potential merger agreement between the bankrupt parent of American Airlines, and US Airways Group
Cantor Fitzgerald is in advanced talks to buy brokerage firm Seymour Pierce Cantor Fitzgerald is in advanced talks to buy brokerage firm Seymour Pierce, the Financial Times reported on Wednesday, citing people familiar with the discussions.
Moscow's stock exchange will be valued at up to $4.6 billion in its planned stock market flotation
Panattoni Europe has disposed of two portfolios of logistics assets located in Poland, totaling 402,000 sqm of space to affiliates of LogiCor
Some nonbank financial companies have begun to rely more heavily on long-dated, unsecured retail notes as a critical source of funding, and issuance volumes are likely to rise again in 2013
Capital Southwest Corporation Announces Sale of Heelys Capital Southwest Venture Corporation, a wholly-owned subsidiary of Capital Southwest Corporation (Nasdaq:CSWC), sold its 9,317,310 shares of common stock of Heelys, Inc.
Bids, mergers, acquisitions and disposals on Thursday The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:- Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave Ltd (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
Private equity fund MBK Partners has expressed interest in acquiring ING Groep NV's South Korean insurance unit
