Holding company JPMorgan Chase & Co. plans to quit the physical commodity business by selling physical trading assets Bear Stearns and RBS Sempra.
Investment banks
Greece receives additional EUR1.7 billion funding from IMF
The IMF releases additional funding as part of Greece's bailout program. The International Monetary Fund announced that they approved for additional funding for Greece's bailout program.
SNB to sell back UBS assets
The Swiss National Bank said that they are open to sell back the UBS assets that they took on during the global financial crisis.
Israel's Bank Leumi to invest US$50 million in three Viola Group funds
Bank Leumi stated that it is in advanced talks to invest around US$50 million in Viola Group's Viola Capital, Viola Private Equity, and Carmel Ventures.
PT Mandiri Manajemen Investasi set to buy consumer stocks upon rupiah stabilization
Indonesia's PT Mandiri Manajemen Investasi announced plans of acquiring addition consumer stocks upon stabilization of the rupiah.
Latest News
President Barack Obama remains undecided on Federal Reserve chairman pick and will most likely extend consideration of the matter until the fall.
Lanco initiates the process to restructure its debt amounting to INR 75 billion (USD 1.3 billion). Engineering procurement and construction company Lanco Infratech Ltd.
JPMorgan announced that it will no longer be trading in physical commodities. JPMorgan Chase & Co announced that it will no longer be trading in physical commodities.
Credit Suisse's investment bank improved group profit but investors remain concerned about the Swiss bank's future.
Investors were flocking to several states to buy a house at a lower price albeit in cold cash. What do Nevada, Florida, Vermont, and New York have in common? It's the fact that more than half of house sales in these states involved all-cash transactions.
E-commerce company Zulily hires banks for possible initial public offering. Flash sales company Zulily hired investment banks as advisors for a possible inital public offering, according to sources with knowledge on the matter.
UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
UKAR announced the sale of a Northern Rock portfolio to JC Flowers and Marlin Financial. UK Asset Resolution (UKAR), also known as Britain's 'bad bank', announced that they have agreed to the sale of a Northern Rock portfolio.
Sources have revealed that Aramark Corp is one step closer to an IPO with the company selecting banks to help it with the offer.
