Investment banks

2014 poised to be the year of Bitcoin, property, and other asset bubbles - report

Some industry observers believed excess liquidity spurred by central banks' economic monetary policies could result to asset bubbles in niche markets by year 2014.

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China Everbright Bank raises $3 billion after adding shares in Hong Kong float

Chinese lender China Everbright Bank Co. raised $3 billion in its Hong Kong listing after exercising an option to sell an additional 762 million shares on top of its IPO base size of 5.08 billion shares.

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Judge dismisses suit against UBS on risk management practices

Judge Katherine Forrest dismissed the lawsuit filed by investors led by two pension funds against UBS, which accused the bank of fraud regarding the latter's risk management practices, Bloomberg said.

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FMC Corp says it will sell Peroxygens business to One Equity Partners

Chemical firm FMC Corp inked a deal to sell its Peroxygens business to the private investment unit of JPMorgan Chase & Co, One Equity Partners, for a price tag of $200 million.

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Wall Street will be moving hundreds of millions into Bitcoin - SecondMarket chief

SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.

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Monte Paschi poised for showdown with top investor over cash call delay

Monte dei Paschi di Siena's board has opposed a proposal by its top investor to push back a €3 billion cash call to May next year. Monte Paschi's largest shareholder earlier threatened to vote against the impeding capital increase.

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Goldman Sachs grants $120 million pre-IPO loan to Chinese warehouse firm

Investment bank Goldman Sachs Group will provide a $120 million loan to Warburg Pincus-backed warehouse firm e-Shang. e-Shang reportedly plans to go public in the next few years.

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JPMorgan forecasts 30% rebound in mergers and acquisitions in Asia for 2014

JPMorgan Chase & Co predicts a rise in the value of M&A deals to 30% it expects to handle in Asia next year, according to a Bloomberg report.

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UBS to enter Australian property market through joint venture with local developer

Switzerland's biggest bank, UBS AG, will be entering the property market in Australia through a joint venture with local developer Grocon Pty, a Bloomberg report said.

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As Fed looms, Morgan Stanley sets sale of US oil terminal business

Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.

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Bitcoin arbitrage on China ends, highlights capital controls of mainland

A report said the price gap of Bitcoins sold on BTC China and the virtual currency on foreign exchanges had tempted some traders to take advantage by conducting arbitrage.

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JPMorgan Chase applies for US patent of Bitcoin-like payment system

JPMorgan Chase has filed an application for a payment system that is similar in many ways to the controversial Bitcoin, according to a Financial Times report.

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Tomkins taps Goldman Sachs to advise on sale or IPO

Tomkins Ltd. has began the process for an exit deal that could bring in at least USD6 billion to the British manufacturer. It reportedly hired Goldman Sachs Group to advise on its proposed sale or listing.

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WMI says enter into conditional commitment letter with KKR

WMI Holdings Corp. today announced that KKR & Co. L.P. has entered into a conditional commitment letter to make a strategic investment in the Company, dated December 8, 2013.

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