Europe's largest bank is forced to cut costs after profits drop nearly 50%. Europe's Deutsche Bank AG announced its plans to cut assets by EUR 250 billion (US$332 billion) earlier today, following the dramatic decline in its profits.
Sectors
ACON, CIPEF purchase Colombian oil producer Vetra
Investment firms Acon and Capital International Private Equity Fund IV jointly acquires Vetra Energia.
JPMorgan to pay $410 million to settle power market case
JPMorgan agreed to pay more than USD400 million settlement for allegations of power market manipulation.
Alcoa welcomes back Archell as new Communications head
The world's largest aluminum producer names Libby Archell new Vice President of Corporate Affairs.
US-based retirement fund buys Dish TV shares
US-based College Retirement Equities Fund acquired 64.64 lahk shared in Dish TV India priced at Rs49.25 per share piece.
Latest News
EGoM is set to decide pricing on the proposed sale of 3.56% stake in Neyveli Lignite Corporation on Wednesday.
EU gave PSA Peugeot through a state-funded financial aid valued at Eur7 billion to keep the company afloat.
Virginia-based media organization Local Voice rceives US$3 million in funding from Blue Heron Capital.
Industrial company Flare Industries promotes Mark Zykskowski as its new Senior Vice President for Global Sales and Marketing.
Schneider Electric is gearing up for the conclusion of its Invensys acquisition. France-based Schneider Electric is nearing the conclusion of its proposed agreement to purchase British engineering company Invensys for GBP 3.
Bottlenose raised US $3.6 million in seed capital, which it intends to use for product development as well as hiring of more employees and marketing.
ZoomSystems acquires Vigix in a bid to offer their consumers more options and to enhance its position in the global scale.
The Hay Group acquires Metallumform in a bid to meet its customers demands and to expand its reach globally.
Scoop.it raised US $2.6 million in anew round of funding, bringing total capital to US $13.6 million.
