The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion. On Friday, the Swiss National Bank (SNB) said it had sold UBS's stabilization fund back.
Investment banks
All eyes on the Fed next week for tapering signs
A Reuters report said a change in the US Federal Reserve's bond-buying program might come out from its officials as several of them, including vice chair Janet Yellen, would have speaking engagements next week.
EU seeking creation of bank to oversee banks in the EU
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Deutsche Bank loan issue overshadowed by new agreements
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
Macquarie challenges Aberdeen with rival SWIP bid
Macquarie Group Ltd said it would make a GBP500 million offer for Scottish Windows Investment Partnership, which was reported to receive a previous bid from deen Asset Management Plc.
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olid demand for high rated corporate bonds prevented two low-beta companies from having to vie for attention in the euro market on Thursday, despite offering similar maturities and stemming from not dissimilar sectors.
The companies comprising the Kirch conglomerate testified the bank had assisted in the demise of the firm.
Centerview Capital invests in distiller of premium moonshine Ole Smoky Tennessee Moonshine. Private equity firm Centerview Capital made a significant equity investment in Ole Smoky Tennessee Moonshine.
With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
Morgan Stanley posted losses on seven trading days in the third quarter but losses did not go over its value-at-risk.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
JPMorgan Chase hiring practices now being reviewed by US, British and Hong Kong regulatory authorities.
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co. Private equity company Blackstone Group said it would be purchasing a 40% stake in SCP Co, a China-based shopping mall owner.
Trim Tabs showed data that investors poured US$54.2 billion into equity mutual funds. Investors flooded US equity mutual funds and exchange-traded funds with $54.
