Nine more banks were hired by Barclays to manage its rights offering next month worth GBP 5.8 billion or USD 8.9 billion.
Investment banks
China's services sector exhibits flicker of improvement
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Martin Blessing says he will stay with Commerzbank until reorganization is complete
Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
Nick Karamouzis is new Piraeus Bank management adviser
Piraeus Bank of Greece hired Nick Karamouzis as its new management adviser. Piraeus Bank of Greece hired Nick Karamouzis as its new management adviser.
Peaceful elections, economic stability lead to better performance for Barclays Bank of Kenya
Barclays Bank of Kenya revealed that it is expecting better performance in the second half of this year.
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The Bank of Japan (BOJ) would most likely hold on to its present monetary policy as the Japanese economy shows signs of improvement, sources told Reuters.
African Bank Investments announced it would sell its retail furniture business to strengthen its balance sheet hit by slow demand and increasing bad loans.
A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
Leo Leiderman removed himself from the race for the new governor of the Bank of Israel. Leonardo Leiderman removed himself from the list of possible candidates to become the new head of Bank of Israel.
Barclays Plc's COO Jerry Donini will step down from office making him the last of former CEO Robert Diamond's management team to leave the investment lender.
Yes Bank Ltd announced that they are in the market to secure a US$250 million refinancing deal for the company's loans.
Ross McEwan, the new CEO for the Royal Bank of Scotland, was tasked to start selling bank stake once he comes to office in October.
Grosvenor Capital Management and Credit Suisse agreed on the latter's sale of its Customized Fund Investment Group.
