Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
Firm Management
HSBC's USD2.46 billion judgment just tip of iceberg
As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.
Five banks to bid for Chicago area branches of Citizens Financial Group
Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.
BTG bids for JPMorgan's commodities business unit
The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
Dunlop causing climate change scare in BHP Billiton board elections
Ian Dunlop, climate change advocate, is being campaigned against by no less than the BHP Billiton chairman for board director in the mining firm.
Latest News
Under new Bank of Canada Governor Stephen Poloz, the bank retained its benchmark interest rate level for the 24th consecutive month.
The machine to machine sector is where Sierra Wireless would be seeking investments and acquisitions as it grows in the next five years.
Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
Upon appointment of the Dubai ruler, the Dubai Financial Market has a new chairman in Essa Kazim. The ruler of Dubai had appointed Essa Kazim to the position of chairman of the bourse operator Dubai Financial Market.
Like Facebook and Zynga before it, Twitter was able to secure a USD1 billion credit facility from its IPO bank managers.
A share buyback worth USD1.9 billion was agreed upon between Corning and Samsung for the joint venture Samsung Corning Precision Materials Co.
Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.
