According to analysts, big US banks were caused a multi-billion dollar dent after the selloff in the bond market in the last eight weeks.
Investment banks
Actis to acquire 25% stake at Indian Symbiotec Pharmalab
Actis is finalizing a deal where it would make it a significant minority shareholder in Symbiotec Pharmalab.
Gulf Marine Services Obtain Syndicated Loan Facility
Gulf Marine Services receives loan facility worth UAE1.32 billion or US$360 million. On Sunday, the Abu Dhabi Islamic Bank had closed a syndicated Islamic loan facility valued at UAE1.
Punjab looking for consultant
The Indian state of Punjab announced its open post for consultants. In accordance to a recent announcement by the Punjab government regarding industrial policy, new measures were being formalized to create land bank for the industry.
Small Banks Cheer As US Authorities Tough Rules for Wall Street
Small banks cheered as US authorities drafts tough rules for Wall Street. After a vote, the Federal Reserve Bank decided in favor of the US version of global Basel III capital rules.
Latest News
There are more than a dozen top banks that are finalizing plans to run a GBP20 billion share sale in Lloyds Banking Group.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
HSBC Holdings Ltd would exits its retail banking and wealth management business in Korea to focus more on the profitable enterprises.
The African Development Bank conducted feasibility studies on Northeast African projects. (Photo : Reuters)This is the Nile River in modern times. African Development Bank's energy sector official Khalid Al Askari said today that the bank have conducted studies on a planned electricity link investment project spanning three countries - Ethiopia, Sudan, and Egypt.
The FCA orders trading bans on three Portuguese firms due to market volatility. (Photo : Reuters)The image is a worker sprucing up the UK regulator Financial Conduct Authority.
Royal Bank of Scotland Group Plc's competitors were eyeing its defined retail merchandise and equity derivatives trade after being bailed out.
George Foreman is Ziegler's new finance advisor. (Photo : Reuters)This is the company logo of Ziegler. Specialty investment bank and full service brokerage company Ziegler announced today that it has named George Foreman as its newest financial advisor.
A research analyst said that investment banks are eyeing a launch of hedge funds targeting the retail sector.
The Monetary Policy Committee would keep the quantitative easing and benchmark interest rate unaltered as the new governor tries to drive UK away from financial problems.
