Banks, Markit, and ISDA were charged with cutting off two credit derivatives transactions by the EU.
Investment banks
Bond Funds Loses US$60 Billion, Fed Rattles Markets
Ben S. Bernanke's, Federal Reserve Chairman, statement continued to rattle markets. Investors pulled out around US$60 billion.
Proposed Iraq To Jordan Oil Pipeline May Get Funding From Citigroup
The Iraqi government may get funding from Citigroup for a proposed oil pipeline that will run through Jordan
Grandpoint Bank To Acquire Gilmore Bank
Grandpoint bank signs agreement to acquire Gilmore Bank (Photo : Reuters)Grandpoint Banks signs agreement to acquire Gilmore Bank Grandpoint Bank made the announcement today that they entered an agreement to acquire Gilmore Bank.
Investment banks eye hedge funds
Investment banks were eyeing hedge funds due to Goldman Sachs fund earnings of about US$58 million in not more than two months.
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A decrease in foreign-owned Swiss banks continue due to investors withdrawal of their money and taxes that were not paid accordingly.
Mark Carney, the bank of England's new governor was urged to set aside GBP1 billion for small businesses to ais in UK's recovery.
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
CDB maintains its Zero bond risk until end of 2013. (Photo : Reuters)China Development Bank maintains zero risk until end of 2013 China Development Bank is keeping its motto of having zero risk when it comes to bonds as compared to commercial banks in China.
Greece and its international lenders picked up where they left off on talks about the country's bailout loan.
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
The IPO of Associated Materials is well on its way as it chose the banks to manage the sale. (Photo : Reuters)The image is a home building store. The plan to introduce shares of Associated Materials to an IPO is well underway as buyout firm Hellman & Friedman LLC has picked the banks to manage the home building materials manufacturer's share sale.
