Delinquent loans from many countries from the former Soviet bloc are impeding the growth and development of these countries and the region.

In a move to restructure its banking industry, the Greek Central Bank is closing down FBBank. Greece, in a bid for housecleaning, has split one of its smaller lending institutions into 'good' and 'bad' parts.

Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.

The Gores Group purchases Davis+Henderson Corp. In an announcement from the Gores Small Capitalization Partners, LP disclosed its purchase of Davis + Henderson Corporation's three company units in Canada.

According to Credit Suisse, the cycle of mergers and acquisitions would soon be picking up because of positive factors in the market.

Softbank waived the Alibaba IPO card to banks, saying their help in funding the rival bid can ruin their chances in participating in the highly anticipated IPO, which it owns one third of.

3D Systems to undertake IPO at US$40.00 per share. As previously announced, the common stock issue from 3D Systems has been proceed at US$40. 00 per share through an underwritten initial public offer.

NN appoints Richard Holder as its new CEO. There is a new CEO for NN and the new appointee is Richard Holder to be effective on June 3, 2013. Holder is replacing Roderick Baty, who is retiring from the office.

Discovery Labs to undertake IPO for the expansion of its capital base. Discovery Laboratories is now turning its attention to fundraising activities for increase of its capital base.

Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.