Warren Buffet, an American businessman, will become one of the ten largest shareholders in Goldman following a deal he signed with the bank to exchange his profits on warrants for stock.
Investment banks
Credit Suisse Agrees to Acquire Morgan Stanley Wealth Management Arm
Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East
China Regulator Issues Guidelines on Non Standardized Debt Assets
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Petrobras Auctions Nigerian Oil Field Shares
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
Tata Steel to Sell Bonds to Refinance Debts
Tata Steel is now in the process of finding banks to facilitate the sale of bonds for its debt refinancing purposes.
Latest News
Reuters, in its investigation, found existing measures by the EU that could have avoided the Cypriot banking system collapse.
Investors in Spain have been focusing on bond sale, saying that they are not worried over the turmoil in Cyprus.
India eases its restrictions on foreign institutional investors or FIIs for bonds issues in the country.
Despite offer for sale, Barclay's shares in Ziggo too expensive. Barclays was constrained to report its 14. 2% share in Zigoo, the Dutch cable company after the bank was unable to sell its shares during the stock sale it had conducted this week.
Piraeus bested rival Alpha Bank to become the manager of Cypriot lenders Bank of Cyprus and Cyprus Popular Bank.
Despite the clamor for more executive payroll controls, Credit Suisse decides to increase the pay of its CEO in 2012.
Ketchup manufacturer H.J. Heinz is seeking fund for its acquisition by Berkshire Hathaway and 3G Capital as it expands its high-yield bond sale and decides to tighten price guidance.
Paulson moves for suit dismissal alleging lack of obligation. Paulson and Co has sought the dismissal of the lawsuit that alleged the firm conspired with Goldman Sachs Group Inc to entrap the bond insurer to guarantee payments for an investment scheme that is designed fail.
Citigroup settles investor suit amounting to US$730 million. Citigroup Inc has agreed to settle a class action suit on behalf of its investors to the amount of US$730 million.
