Eurobank names Megalou as its new chief executive officer. (Photo : Reuters)The image shows a person coming out from a Eurobank branch. Eurobank, among the largest lenders to Greece, should follow an autonomous and more independent course, said its new chief executive officer on Friday.
Investment banks
Coeure: ECB has Euros 50 billion in SMEs
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Citigroup stops operating in Uruguay
Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
Bond investments experience capital flight
Many investors are divesting their bond holdings because of current economic conditions. (Photo : Reuters)The image are two bond traders on the floor of a stock exchange.
Energy Futures Seeks Suit's Dismissal
Energy Futures is seeking court intervention to dismiss the suit filed by Aurelius against the firm.
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Shang Fulin, China bank system's chief regulator assured everyone they have ample money and debt risks were controlled.
European regulators directed RBS to sell its 315 branches next month corresponding to the state's terms in rescuing it.
Swiss bank UBS remains on top of Asia-Pacific equity capital market through the boom in Southeast Asian countries.
Swiss bank UBS boosts its commodity trade finance as it makes cuts in investment banking. (Photo : Reuters)The image is the UBS sign on its corporate headquarters.
Last Wednesday, Religare announced the investment of US based bank, Customers Bancorp Inc valued at US$51 billion.
Itau Unibanco bought 99.99% of BMG Seguradora. (Photo : Reuters)The image is an Itau Unibanco branch, the top global debt manager. The largest private sector bank in Brazil, Itau Unibanco Holding SA, had entered into an agreement to purchase insurance firm BMG Seguradora SA for the price of 85 million reais or US$39 million.
According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Bizo obtains US$12.5 million venture debt financing with City National Bank. (Photo : Reuters)The image is the corporate logo of Bizo. Bizo announced that it had obtained a venture debt financin deal worth US$12.
