The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Investment banks
Swiss Bank Julius Baer to Complete Merrill Lynch Transfers Soon
The Swiss bank Julius Baer would boost businesses in South America and Monaco through transfers of former Merrill Lynch businesses.
Liu Family to Sell its Shares over Chong Hing Bank Ltd
According to the Apple Daily, the Liu family owned Chong Hing Bank would be up for sale. The Hong Kong lending institution Chong Hing Bank Ltd share values reached a two year high after a reported signal from shareholders that the Liu family was ready to sell their interest.
Major Chinese Companies Issue Debt Bonds in Yuan
Three major Chinese firms to issue yuan denominated debt instruments. Three major Chinese corporations are now in the process of selling bonds that are yuan denominated.
Lloyds Bank Beats Loans Projections for Manufacturers
Lloyds ceilings for lending to manufacturers with discounted interest rates. Lloyds Bank topped its own estimate of GBP1 billion loans for UK manufacturers before September 2013.
Latest News
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
Credit Suisse, the second-largest banker in Switzerland, has signed an deal to sell British wealth manager JO Hambro Investment Mangement Ltd. to investment company Bermuda National,
International Investment Bank of Bahrain purchases 10% of Leeds United Football Club. Leeds United, the UK football club has sold a 10% stake to the International Investment Bank of Bahrain.
Liberty Global reaches deal with Barclays to purchase 12.7% stake in the latter's Ziggo. Liberty Gobal Inc. has acquired a stake worth 12. 7% in Dutch cable television operator Ziggo NV from Barclays Plc following the British bank's failure to seek buyers in a share sale last week.
QInvest to launch new Islamic funds not just for GCC consumption but for the world as well. QInvest, the investment bank with majority shareholdings owned by Qatar Islamic Bank, announced that it would plan to launch at least thirty Islamic funds in the next three years.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.
GEMS Education to raise funds for expansion into Asia and Africa through IPO and other means. GEMS Education Ltd is projecting to raise between US$650 million and US$1 billion during its initial public offering.
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
