Fidelity and Guaranty Life has raised $165.75 million in its New York initial public offering. The Harbinger-backed insurer sold 9.75 million shares priced at $17 per share.
Tags: Credit Suisse Group AG
Credit Suisse fined $80M in dark pool trading charges
The Swiss bank Credit Suisse Group AG will have to shell out $80 million in fines and disgorgement to the US regulators in an alternative trading-related settlement case. Credit Suisse didn't reveal its operations in dark pool private share trading exchange to the clients.
Credit Suisse sees stable Brazil dealmaking activity this year
Mergers and acquisitions activity in Brazil this year is likely to have a performance similar to last year's even if sluggish growth further weighs down confidence in Latin America's largest economy, a senior Credit Suisse Group AG dealmaker in the country said.
Global banks join hands to set up one-stop bond shop: WSJ
A group of 12 global banks are working together to set up a one-stop bond shop for buyers and sellers of corporate bonds, the Wall Street Journal reported, citing people familiar with the matter.
Commerzbank sees opportunity to expand wealth management business following Credit Suisse's German bank exit
Commerzbank is anticipating opportunities to expand its wealth management business after Swiss Credit Suisse Group sold its private bank in Germany to Bethmann Bank last month.
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Switzerland's Credit Suisse is selling its private customers business to German Bethmann Bank. Under the deal, Bethmann will take over Credit Suisse's 9,000 clients with EUR10 billion assets in Germany.
Swiss banking group Credit Suisse has put up for sale its remaining limited partnership interests in leveraged buyout firm DLJ Merchant Banking Partners. British private equity firm Coller Capital will be acquiring the assets.
Global Infrastructure Partners will sell its 27% stake in the Port of Brisbane to Cassie de Depot et Placement du Quebec for AUD1 billion (USD908 million). Cassie is the second-biggest pension fund in Canada.
IPO candidate British game maker King revealed its Candy Crush Saga title has been downloaded over half a billion times and played over 150 billion times to date.
Goldman Sachs becomes the latest investment firm to open its own Mexican brokerage firm. Goldman Sachs Group Inc had announced the opening of a local broker-dealer firm in Mexico.
SPH REIT raised US$400 million in an IPO. Singapore Press Holdings Ltd. (SPH) raised SGD$504 million (US$400 million) in an initial public offering, said two sources familiar with the transaction.
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