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.

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.

The network branches of India Infoline Finance had been set to expand its clientele and service offerings.

Italian Banca Monte dei Paschi di Siena has raised its capital for the bank's revised bailout plan to EUR2.5 billion or USD3.3 billion.

JPMorgan Chase Co., Bank of America Corp. and Goldman Sachs Group Inc. would not be able to get out from their financial commitments to a buyout of retailer Rue 21 by private equity firm Apax Partners.

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

Salus Capital Partners provided Dots, the fashion apparel retailer, a USD51 million refinancing package through a senior secured credit facility with a term loan.

Serbian Deputy Prime Minister Vucic confirms on television that he had asked his friend UAE Crown Prince Mohammed Bin Zayed for a loan.

The debt financing cap of Xand was increased because of favorable market conditions. The top provider of colocation, cloud, disaster recovery and managed services, Xand, announced the increase of debt financing to over USD200 million.

The aid by Kuwait to Egypt would consist of USD2 billion in a central bank deposit, USD1 billion grant and USD1 billion in oil products.