Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
Investment banks
Sky Network Television Confirms News Corp.'s 44% Stake Sale
New Zealand's dominant television company Sky Network said that News Corp., its major shareholder, will be selling its 44% stake to institutional and retail investors.
Bausch and Lomb IPO Preparations
The sale of Bausch and Lomb can either be a private one or through an IPO. The initial public offering of iconic eyewear company Bausch and Lomb would be headed by three well-known banks.
Anschutz Draws List of Preferred Buyers
AEG is being sold off and buyers are being selected. A list of potential buyers for Anschutz Entertainment Group has been drawn up by Phil Anschutz. Sources familiar with the negotiations told Reuters that the negotiations can be concluded for the sports and real estate empire within the next few weeks.
Harris Teeter on Track for Record Takeover Valuation
Harris Teeter valued well above market rate, set to be record takeover in its industry. The US grocery store chain Harris Teeter Supermarkets have boasted that it has increased its sales every year in the past decade.
Latest News
Lloyds Bank to pay for past misdeeds. Britain's largest retail bank, Lloyds is set to announce an increase in money for compensation to pay customers and clients for losses sustained on mis-sold loan insurance.
Three major banks interested in purchasing Catalunya Banc Three Spanish banks have placed bids on Spanish lending giant Catalunya Banc. The nationalized lender is being sold and the non-binding bids were submitted by Santander, Sabadell and Popular.
Goldman to sell debt in Chilean local market. The fifth largest US bank by assets, Goldman Sachs Group Inc, is planning to expand into the Chilean market with the sale of fifty year bonds in the local market.
JP Morgan CEO issues warnings on capital hoarding. JP Morgan Chase and Co CEO Jamie Dimon said in a conference that lenders are accumulating more capital than needed.
Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.
New job cuts in the offing for JP Morgan Chase. JP Morgan Chase has announced that it would be undertaking another round of layoffs, numbering between 3,000 to 4,000 employees in its consumer bank operations by 2013.
Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.
Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.
Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.
