According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
Merchant banks
Hypo Alpe's EU deal makes Finance Minister confident
Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.
Islamic finance lobbies outside Gulf
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
IPO for Associated Materials Underway
The IPO of Associated Materials is well on its way as it chose the banks to manage the sale. (Photo : Reuters)The image is a home building store. The plan to introduce shares of Associated Materials to an IPO is well underway as buyout firm Hellman & Friedman LLC has picked the banks to manage the home building materials manufacturer's share sale.
Bond investments experience capital flight
Many investors are divesting their bond holdings because of current economic conditions. (Photo : Reuters)The image are two bond traders on the floor of a stock exchange.
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Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Raffeisen Zentralbank agrees to acquire loan assets from Volksbanken AG as part of the bailout plan.
Senegal to issue Eurobond, one of the very first ones from Africa. (Photo : REUTERS)The system of so-called A US$500 million ten year Eurobond issue would be made by Senegal pegged at a 6% interest rate.
The Royal Bank of Canada and other fund managers to open new exchange to avoid high frequency traders.
Rampant speculation on Fed Reserve actions have caused German, Italian and Spanish bonds to decline.
Bank regulators are now considering increasing the simple leverage ratio to 6%. (Photo : REUTERS)The JP Morgan Chase & Co. headquarters is pictured in New York In a surprising move, US regulators are now studying a proposal to double the minimum capital requirements for its largest banks.
Banks from Switzerland are being pressured by European and United States governments to release private information.
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
