Europe's biggest bank, HSBC Holdings Plc, said it had appointed Florian Fautz to be its global head for mergers and acquisitions.

New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.

Bridgepoint Advisers Ltd. announced it hired Goldman Sachs for the sale of its Dutch textbook firm asset.

Panasonic President announced the firm's withdrawal from the Japanese smartphone market as well as the reduction of its smartphone operations.

CoreDial announced that it had received a USD 1.5 million senior debt facility from Silicon Valley Bank.

Resource Capital Partners announced the initial close of its mining fund with USD 85 million in capital commitments.

CR Bard announced acquisition of Rochester Medical valued USD262 million to boost its presence in the urology homecare market.

Eastman Kodak Co. Chief Executive Antonio Perez said that the company's balance sheet post-bankrupty and its restructuring would lead the imaging and photographic equipment maker to the road of financial success.

The Chief Executive Officer of Italian fashion brand Salvatore Ferragamo saw no reason to sell, quelling speculations of a possible buyout.

According to an Italian daily, market regulator Consob is investigating Camfin's offer for Pirelli shares if the same is properly valued.