The private equity industry worldwide was able to reach $431 billion in fundraising last year, an increase of 13% from the funds raised in 2012, a Preqin study revealed.
Finance/Venture
RJ Lane sues Deutsche Bank, BDO Seidman for fraudulent tax shelter
RJ Lane filed a case against Deutsche Bank, BDO Seidman and a former partner of BDO Seidman over claims that they formed a fraudulent tax shelter that caused him losses, Bloomberg reported.
NY Federal Reserve Bank seeks to dismiss lawsuit by former employee
The New York Federal Reserve Bank filed a motion in a federal court in the Southern District of New York seeking a dismissal of the lawsuit filed by former employee Carmen Segarra.
Fortress Transportation and Infrastructure Investors plans up to $100M IPO
A regulatory filing showed that Fortress Transportation and Infrastructure Investors intends to raise up to $100 million in its initial public offering in New York, Reuters reported.
Carlyle Group introduces first two mutual funds
Alternative asset manager Carlyle Group has introduced its first two publicly listed mutual funds, paving the way for Carlyle to offer its investment platform to retail investors, Reuters reported.
Latest News
The government of Hungary eyes the sale of its majority stake in savings bank Takarekbank, according to a government decree reported by Magyar Kozlony, the country's official gazette.
Philippine-based bank Rizal Commercial Banking Corp (RCBC) has completed the sale of its 65% stake in credit card issuer Bankard Inc to RYM Business Management Corp, according to a disclosure to the Philippine Stock Exchange.
The data released in a report by the European Central Bank on Friday saw the hesitation of financial institutions in extending credit to households and businesses despite the economic recovery of the Euro Zone.
Countries in emerging markets like Turkey and India should see the bright side of the tapering of the $85 billion-a-month money-printing program by the US Federal Reserve this month, according to a Reuters report.
The yields of Spanish bonds have dropped to record lows not seen since 2011, indicating that the European economy is gaining its momentum, a Bloomberg report said.
In an attempt to argue against beliefs that this year will bear witness to a lot of bubbles, Jeff Bussgang said on his report that the technology sector will be contributing majority of groundbreaking records in terms of initial public offerings.
John Hancock Funds and Merk Investments LLC, the top US foreign-exchange mutual funds who earned profits last year, had opposing views about the US dollar's performance this year, a Bloomberg report said.
Shares in French liquor company Remy Cointreau declined by more than 2% to €59.19 per share on Friday, following the resignation of its chief executive officer Frederic Pflanz. Pflanz quit his post three months after being promoted from his role as chief operating officer.
The central bank of Finland has expressed its worry about the possibility of the country's debt ballooning should no monetary reforms to curb spending take place, according to a Bloomberg report.
