The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
Investment banks
Bank of America names new Latin America head: source
According to a source, Bank of America would appoint Alexandre Bettamio to its Latin America investment unit in Brazil.
Hilton Worldwide names pricing terms on its new USD5.85 billion loan - sources
According to a report by Reuters, sources said that Hilton Worldwide came up with its pricing terms on its USD5.85 billion refinancing credit that would be used to finance debt that would arise from its public offer.
RBS may face more lawsuits over 2008 share offer
The Royal Bank of Scotland Group could face more lawsuits stemming from the share offering it conducted in 2008 that caused investors to lose money.
IMF completes first review of Cyprus bailout program
After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.
Latest News
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
JPMorgan Chase Co., Bank of America Corp. and Goldman Sachs Group Inc. would not be able to get out from their financial commitments to a buyout of retailer Rue 21 by private equity firm Apax Partners.
Lawyers of the European Union said the proposed transaction tax plan was illegal. European Union lawyers said the transaction tax plan proposed by eleven European member states was illegal.
A source told Bloomberg that Goldman Sachs Group snatched a lead role in the upcoming IPO of Twitter.
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
Rig operator Odfjell Drilling prepared to list in the Oslo bourse as shareholder BCB Paragon Trust planned an IPO.
Swiss Re hires Christopher Minter to head the reinsurer's acquisitions and principal investments business.
Skuldtech announced that it had secured additional funding from Bpifrance worth EUR 1 million to develop a new therapy for Alzheimer's.
