JPMorgan and Wells Fargo let go bonds worth around US$38 billion. JPMorgan Chase & Co. and Wells Fargo got back around US$38 billion of their riskiest investments in the first quarter as an increase in trading activity persuaded them the assets were easier and more simple to value.
Investors
ACE launches ACE elite II public offering of securities insurance
ACE launched ACE elite II public offering of securities insurance. The ACE Group of Companies announced the launch of ACE elite II Public Offering of Securities Insurance (POSI).
Lawrence Ho invests US$630 million in Russian casinos
Lawrence Ho invested in two Russian gambling resorts valued at US$630 million as a means of overseas business expansion.
Tadhamon Capital to acquire two assets in the UK
Tadhamon Capital arranged plans of acquiring two assets in the UK. Tadhamon Capital announced that it has arranged for the acquisition of two assets in the United Kingdom.
UMW Holdings IPO to be the biggest in Malaysia this year
UMW Holdings announced the minimum price per share as it prepares for their market debut before the year ends.
Latest News
Microsoft announced that it had officially concluded InRelease acquisition. Microsoft has now officially reported that it has concluded the purchase of InRelease, InCycle's business venture unit, a few weeks following the deal was revealed.
Enterprise application software company secures minority recapitalization from TA Associates but the deal's details were not released.
WineDirect and Vintank would merge to increase revenues through social media and commerce. Vin65, a firm of WineDirect, and Vintank formed an exclusive alliance to connect the social media data of wine industry with the ecommerce records of their clients.
Palatine secures GBP 150 million funding after the close of its second fund. Manchester-based Palatine Private Equity secured funding amounting to GBP 150 million, 55% of which were commitments from overseas investors at the close of its second fund.
According to Bain Capital, India's slowing down resulted in lack of investment opportunities. "India is slowing down," says Nikhil Raghavan, a principal at Bain Capital LLC.
Fitch affirmed Bahrain's credit ratings. The credit rating firm Fitch Ratings has affirmed Bahrain's credit ratings. These ratings were 'BBB' for its long-term foreign currency Issuer Default Rating (IDR) and 'BBB+' local currency IDR.
PSEi joined regional rally. The Philippine Stock Exchange index has joined the regional rally. The benchmark index closed at 6,360. 73, a rise of 52. 55 points or 0.
Bank of Japan was optimistic about the country's economic recovery. The Bank of Japan (BOJ) was more optimistic when describing the country's economic condition.
Mission Federal Credit Union's Credit Union Service Organization (CUSO) announced acquisition of Autoland Inc, a national car buying service provider.
