The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.
Tags: Barclays Plc
UK life insurer Resolution to exit Luxembourg-based business unit
Resolution Ltd. is looking to sell its business unit Lombard located in Luxembourg. However, terms of the deal were unknown as talks on the sale of Lombard are still in a preliminary stage.
Charter nears multi-billion dollar debt financing agreement for Time Warner bid
Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.
Chrysler appoints four underwriters, targets December IPO
Chrysler Group LLC appointed Barclays Plc, Goldman Sachs Group, Morgan Stanley and UBS AG to help underwrite its proposed initial public offering slated in December. Chrysler filed for an IPO in September.
Silver Lake hires banks for Mercury Payment IPO-sources
Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter.
Latest News
Barclays Plc promoted investment banker John Miller as head of banking for the Americas division of the bank, according to an internal memo seen by Reuters.
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
Emmanuel Fievet, Barclays Plc's head for UK and Europe had left the bank following Stefanie Drews' departure from the banks' group of wealthy clients and family offices in London.
Today, OCI Resources announced that it had launched its initial public offering of 5,000,000 common units.
Ex-Morgan Stanley Hajime Kitano was hired as an equity strategist at Barclays Securities Japan Ltd. Barclays Securities Japan Ltd. Kazutoshi Ohkubo told Reuters in a phone interview that former Morgan Stanley Japan equity strategist Hajime Kitano would join the UK bank in Tokyo today.
Mergers and acquisition in the Middle East would be driven by regional transactions and sovereign wealth funds, aaccording to Barclays Vice Chairman of Investment Banking Makram Azar.
