The mystery lender who financed Thai billionaire Dhanin Chearavanont's $9.4 billion acquisition of HSBC's 15.6 stake in Ping An Insurance Group Co.,China's second largest insurer, had been named.

Business Secretary Vince Cable wants the three former HBOS plc directors who were responsible for the bank's failure to be stripped of their current board roles and banned them from running a financial company in the future.

OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. is evaluating all legal rights and remedies over the Morgans' agreements with The Yucaipa Companies.

BRF would be appointing Abilio Diniz as its new chairman. The new chairman of BRF- Brasil Foods SA is billionaire Abilio Diniz. He has said he would guide the country's biggest foodmaker for overseas expansion to boost profit margins.

California Governor Jerry Brown sets off to China as part of his continuing efforts to develop commercial ties with Chinese consumers.

With eyes set on the increasing demands of East Africa's growing middle class, Kenya-based private equity firm Catalyst Principal Partners has started to make investments from its $125 million fund and property ventures.

Investor Carl C. Icahn can be reimbursed of up to $25 million worth of expenses related to his deal work on certain conditions.

Former Hulu board member Peter Chermin offers US$500 million for Hulu. Hulu, the online video streamiong service established in 2007, has received an offer from former News Corp President Peter Chernin.

The former head of Credit Suisse's head of structured credit pleads not guilty to charges of overinflating prices in the subprime mortgage backed bonds market.

In anticipation of a housing shortage and the prospect of higher returns, some 30 institutions plan to invest $11 billion on rental homes in Britain.