Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.
Merchant banks
Lloyds Bank Beats Loans Projections for Manufacturers
Lloyds ceilings for lending to manufacturers with discounted interest rates. Lloyds Bank topped its own estimate of GBP1 billion loans for UK manufacturers before September 2013.
Qatari National Bank Buys Staker in National Societe Generale Bank
In line with its acquisition spree, Qatar National Bank purchases stake in Egypt's National Societe Generale Bank.
Santander Aims to Keep within Basel III Rules
The goal to boost capital base of Santander questions its ability to maintain its financial strength.
UPDATE: Tele2 Bidding War Escalates
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
Latest News
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
Doha Bank releases two part issue to increase capitalization. Qatar's fifth largest lending institution in terms of market value has announced that its issue valued at QAR1.
The Popular Bank of Cyprus would be shut down and funds be put into rehabilitation of Bank of Cyprus according to last ditch bailout plan agreed upon by the government and lending institutions.
Reuters, in its investigation, found existing measures by the EU that could have avoided the Cypriot banking system collapse.
Itau' Unibanco emerges as top global debt manager according to Thomson Reuters data. Brazilian banks raced ahead of its foreign competition in the management of global debt offerings from both its government and fellow companies in 2012.
India eases its restrictions on foreign institutional investors or FIIs for bonds issues in the country.
Despite offer for sale, Barclay's shares in Ziggo too expensive. Barclays was constrained to report its 14. 2% share in Zigoo, the Dutch cable company after the bank was unable to sell its shares during the stock sale it had conducted this week.
Piraeus bested rival Alpha Bank to become the manager of Cypriot lenders Bank of Cyprus and Cyprus Popular Bank.
