Saudi Arabia borrowers hired HSBC to manage their debt and equity capital market deals. HSBC Holdings said borrowers in Saudi Arabia had obtained its banks services to manage several debt and equity capital market transactions.
Investors
Funding Circle raises USD37 million in Series C funding
A total of USD37 million was raised by UK lender Funding Circle from investors led by Accel Partners.
Pinterest value at USD3.8 billion after massive Series E financing round
Investors including FirstMark Capital, Valiant Capital Management, Andreessen Horowitz had provided Pinterest a total of USD225 million in the latter's recent financing round.
Wal-Mart reveals 2016 China e-commerce plans
Wal-Mart said in its press conference that it would be focusing more on its e-commerce business to curtail effects of China's slowing retail market.
Branson remembers emotional USD1 billion exit from Virgin Records
Virgin Records founder Sir Richard Branson recalled having great regret on selling his record company to fund his then-new Virgin Airlines venture.
Latest News
Sources told Bloomberg that Singapore-based Oversea-Chinese Banking Corp was reviewing a bid for Hong Kong-based Wing Hang Bank.
The state pension fund of Massachusetts ranked the first in private equity investments, according to a report from the Private Equity Growth Capital Council.
Grupo Financiero Inbursa was in discussions with Standard Bank Group to buy the latter's Brazilian business, sources told Bloomberg.
Sources said Silicon Valley computer maker Hewlett-Packard was looking for buyers for its mobile computing patents.
Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Radian Group filed a case against former account manager Rhiannon Bolen for giving confidential data to Arch Capital Group.
Aircraft maintenance services provider HAECO expands services portfolio with the acquisition of Timco Aviation Services,Inc.
E*Trade Financial would be selling G1 Execution Services unit for USD 75 million. E*Trade Financial Corp would be selling market-making arm G1 Execution Services to Susquehanna International Group in a deal worth USD 75 million.
