EFG-Hermes QInvest Merger Still in Limbo
Despite assurances by the Egyptian PM, there is still no approval as to the EFG-QInvest merger.
Merchant banks
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion.
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
Wall Street gains prop up stocks in Asia, Australia
Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose...
Argentina to issue $15-bln bonds, returns to credit markets
Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bo..
Latest News
More Funds for DySiS Medical Ltd
Dysis Medical closes latest funding round at US$11 million.
PWC to pay Lehman Brothers European creditors
Lehman bankruptcy administrators PWC announced payment of dividends to European creditors.
Greek Prime Minister Assures No Deposit 'Haircut'
Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.
Citigroup's Credit Card Unit Subject to Competing Bids
Citigroup's units now being sought for acquisition by three different banks.
WorldPay Gets US$1.08 Billion Loan Equivalent
WorldPay was able to raise US$1.08 billion loan equivalent for dividend and debt payment purposes.
Delay in Hudson City-M&T Deal Ruling Expected
Concerns about money laundering and violations of the Bank Secrecy Act hold back M&T Bank's purchase of Hudson City Bancorp Inc.
Hub International Up for Sale
Hub International is being sold off by owners Apax Partners and Morgan Stanley.
Banks Lining Up Financing for Scandlines Purchase
Scandlines owners Allianz Capital Partners is preparing for the sale of the ferry group.
PKO BP Riding High on Acquisitions
PKO BP just recently announced plans to purchase Nordea Bank Polska and is also looking into the purchase of CSOB of KBC Groupe.
