Julius Baer's profit fall 30% due to tax charges and a merger. Julius Baer Group AG said its profits fell due to two pressing concerns. These were a merger for expansion and a UK tax treaty.
Investment banks
Flagstar reports net gain of $44 million in second quarter
Flagstar Bancorp Inc gains USD 44 million in second quarter 2013 Flagstar Bancorp, Inc. , Flagstar Bank's holding company, announced its second quarter net income for 2013 of USD 65.
Brookfield announces that it has raised over US$14 billion in its latest initiative
Brookfield Asset Management stated that various international investors of one of their initiatives have now committed over US$14 billion.
Florida received US$156 million in venture capital in the second quarter
PricewaterhouseCoopers reported that Florida received around US$156 million across 14 venture capital deals in the second quarter.
Survey shows investors adding longer-dated Treasuries after Bernanke Congress testimony
Investors have now raised their longer-dated Treasuries after Bernanke appeased their worries. After Federal Reserve Chairman Ben Bernanke appeased worries about increasing interest rates, investors have now raised their holdings of long-dated Treasuries.
Latest News
Segro announced that it has sold its Neckermann and IQ Winnersh properties in Germany and the UK to various investors.
Health IT sector recorded US$623 million in investments made towards the sector in the second quarter of 2013.
Sources stated that Extended Stay Hotels is preparing for an IPO later this year. Sources stated that Extended Stay Hotels is preparing to sell stakes in the company to the public.
Minnesota firms urged Gov. Mark Dayton's administration to support an idea for a fund that will support smaller Minnesota businesses.
Several mainland China retailers stated that they want their listing done in Hong Kong before October.
CVC Capital announced that they've accepted up to EUR10.25 billion in investments and that a further EUR250 million was in the works to be accepted.
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
Citigroup Global Markets was picked by bankrupt Jefferson County to handle its bond refinancing. Lawmakers from the bankrupt Jefferson County, Alabama, picked Citigroup Global Markets, part of Citigroup Inc.
Sheik Mansour's stake in Barclays was sold last month. Sheik Mansour bin Zayed al-Nahyan of Abu Dhabi sold his shares in Barclays. In a regulatory filing last month, the bank said that the Sheik's investment vehicle, PCP Gulf Invest 3, sold its 758.
