Chief executives of major banks and President Barack Obama on October 2 had met and discussed financial repercussions of the government shutdown.
Investment banks
Ex-World Bank President Zoellick rejoins Goldman Sachs
Former World Bank President Robert Zoellick would rejoin investment bank Goldmans Sachs Group as chairman for its international advisory board, said a Reuters report.
IOI's Unico-Desa acquisition may reduce its cash position - Moody's
Moody's Investors Services advised IOI Corp Bhd about the financial implications of its planned acquisition of a 39.55% stake in Unico-Desa Plantation Bhd.
Alfresco going public is a bad decision - report
Doug Dennerline, who is UK open source company Alfresco's new chief executive, said that although plans for a public offering were in the cards, he would rather focus on looking for additional funding for company expansion.
Bank of Korea in need of governor successor
After the end of Bank of Korea's governor term, the central bank would need a new head that has strong global focus and a firm grip on international economics, said a presidential adviser.
Latest News
Three US investment companies reportedly placed bids for the Irish properties of Lloyds Bank. Sources told Bloomberg that Lone Star Funds, Apollo Global Management and Goldman Sachs Group Inc had placed bids for the Irish properties that were put up for sale by Lloyds Banking Group.
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
Owners of drug firm Ikaria had started working with banks on the possibility of selling the company.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report. UniCredit is the biggest bank by assets in Italy. The financial lender had submitted a preliminary offer to acquire Poland's Bank BGZ, according to a Reuters report.
Italian prosecutors said that JP Morgan should be indicted after manipulating markets and falsifying documents when it took over Banca Antonveneta last 2008.
Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.
