Bank extends loan to DAFZA Dubai Airport Freezone (DAFZA) was granted a credit line of AED500 million (US$136million) by Abu Dhabi Islamic Bank (ADIB).
Merchant banks
Credit Suisse Executive Pay Increase Under Fire
Despite the clamor for more executive payroll controls, Credit Suisse decides to increase the pay of its CEO in 2012.
Barclays Discloses 14.2 Holding in Ziggo
Barclays has decided to declare a 14.2 percent stake in Dutch cable company Ziggo following its failure to find enough buyers for the shares in a sale.
Settlement by Citigroup reaches US$730 million
Citigroup settles investor suit amounting to US$730 million. Citigroup Inc has agreed to settle a class action suit on behalf of its investors to the amount of US$730 million.
UniCredit to announce sale of ATF Bank
Italian bank UniCredit to sell off Kazakh bank ATF. Italy's largest bank by assets, UniCredit is on the verge of announcing the sale of ATF Bank. ATF Bank is its Kazakhstan unit and the sale was confirmed by three sources who spoke on condition of anonymity.
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Hanmi sales discussions stalled with rival banks over valuation and management. Discussions for the sale of Hanmi Financial Corp have stalled because of a number of disagreements over management and price per share.
Monte dei Paschi being investigated for corruption and fraud in the Antonveneta deal. Siena prosecutors are currently investigating charges of fraud and corruption in the Monte dei Paschi's acquisition of Antonveneta back in 2007.
Qatar set to sell three year and five year bills and bonds worth QR4 billion. Qatar is set to sell QR4 billion or US$1. 1 billion in three year and five year bills and sukuk bonds.
OneWest, the bank from bankrupt IndyMac, is now interested in growth plans either through IPO or through outright sale.
Ingham Chicken get bids from private equity firms. Final bids have been placed for Inghams Chicken, Australia's biggest poultry producer and two of the front runners are US private equity firms Blackstone Group LP and TPG Capital.
CDW to offer IPO after its takeover by private equity firms. (Correction in first paragraph to US$750 million. ) In a complicated move, CDW, the technology products maker taken over by Madison Dearborn Partners LLC and Providence Equity LLC for the amount of US$7.
Many banks interested in Chrysler buyout, according to CEO. After previous comments on the personal choice of Fiat CEO Sergio Marchionne, it was revealed that the Fiat CEO has talked to banks on financing a buyout of Chrysler's stake in the company.
A proposal for the sale of preferred shares of stock would be tabled for the shareholder meeting of Bancolombia.
The sale of Bausch and Lomb can either be a private one or through an IPO. The initial public offering of iconic eyewear company Bausch and Lomb would be headed by three well-known banks.
