Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.
Investors
Certificate of Deposit rate rigging scandal investigation continues with visit to KFIA
The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Portugal's new deputy prime minister seeking new budget quotas from international lending agencies
Paulo Portas, the new Portuguese deputy prime minister, would have oversight over budget negotiations, a position that would prove problematic in light of Portugal's compliance with previous requirements.
Japan’s Nissin in buyout talks with Capital Foods
Nissin Foods was reported to be in advanced discussions with India's Capital Foods for a possible buyout, said sources familiar with the matter.
Chinese authorities pushing banks to comply with Basel III
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Latest News
Lippo Group owned by Indonesian tycoon Mochtar Riady said it had been looking to acquire real estate assets in the US after signs of economic recovery were seen the world's biggest economy.
Rabobank Groep would open its first commercial banking branch in Turkey with a USD300 million in capital after it got regulatory approval last month.
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
A new marketing campaign is being rolled out by Zurich Insurance to assure the public that it is business as usual despite the suicide of its CFO and resignation of its Chairman.
In an interview with Reuters, Saudi Arabian Prince Alwaleed bin Talal said he, through his Kingdom Holdings investment firm, would not sell any Twitter shares owned in the IPO.
In an interview with a German daily, Volkswagen CEO Martin Winterkorn confirmed plans to increase its stake in the Chinese venture with FAW Group.
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
Westfield Group said it would sell its seven US shopping centers to Starwood Capital in a deal valued at USD1.6 billion.
