Investment banks

Julius Baer Group acquires WMPartners Wealth Management as first step for merger with Infidar Investment Advisory unit

Julius Baer Group said it will be acquiring WMPartners Wealth Management. The latter will then be merged with Julius Baer's Infidar Investment Advisory Ltd unit to form one of the largest independent asset management company in Switzerland.

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Top deals of the Day - Bids, Mergers & Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.

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RBS negotiates sale of equity derivatives business

British government-owned The Royal Bank of Scotland said it was looking to sell its retail investor and equity derivatives business. French bank BNP Paribas was identified as a front-runner to acquire the business unit.

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International lenders with broker-dealer carry risks to financial stability- Eric Rosengren

Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.

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Sources say National Bank of Greece close to selling majority stake of Pangaia to Invel Real Estate

The National Bank of Greece is close to finalizing an agreement to sell its fully-owned real estate business Pangaia to private equity firm Invel Real Estate.

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Aberdeen Asset Management nears acquisition of SWIP from Lloyds Banking Group- report

A report from The Sunday Times said Aberdeen Asset Management was close to reaching a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group.

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Wilton Re looking into possible sale or IPO next year

Bermuda-based life insurer Wilton Re Holdings is scouting for investment banks to advise it on its possible sale or initial public offering next year. Wilton Re has received a total fund of USD1.5 billion from private equity firms.

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JPMorgan Chase & Co agrees on USD 4.5 billion settlement with institutional investors

JPMorgan Chase & Co said it had agreed to settle claims related to faulty mortgage bonds with 21 investors which included the asset management units of BlackRock Inc, Goldman Sachs Group and Pacific Investment Management Co.

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Forbes Media hires Deutsche Bank to explore a sale

New York-based financial magazine publisher Forbes Media hired Deutsche Bank to explore the sale of the company, which could potentially be valued between USD400 million and USD500 million.

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ECB reduces amount of banks' crisis loan payments but urges them to pay next week

The European Central Bank's attempt to reduce the excess liquidity levels of banks in the financial system had prompted the central bank to call on banks it had loaned to repay its debts at a reduced rate.

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Viking Global Investors purchases nearly USD 620 million new stake in Bank of America Corp

Hedge fund firm Viking Global Investors obtained 44.9 million new shares in Bank of America in a deal worth USD 620 million near the end of September.

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Top deals of the day - Mergers & Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.

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Venture capital-backed Tandem Diabetes Care raises USD120 million in IPO

Medical device company Tandem Diabetes Care raised USD120 million in its listing. The company had put up for sale 8 million shares of common stocks priced at USD15 each share.

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Hamilton Lane in talks to acquire Paul Capital

Secondary investment firm Hamilton Lane Advisor LLC is considering a buyout of private equity firm Paul Capital. The financial terms of the acquisition remains to be unknown.

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Textbook publisher Houghton Mifflin Harcourt prices IPO at $12 a share

Houghton Mifflin Harcourt Co, the textbook publisher that emerged from bankruptcy last year, priced its initial public offering at $12 per share, below the range it guided towards earlier this month.

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