Bank of America Corp reported about USD1.5 billion were added by investors into funds that purchase leveraged loans in the U.S.
Investors
UBS appoints Chris Hagstrom head of prime brokerage in U.S.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
Itau to contest USD8 billion tax charges
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
Commerzbank taps Giesbert in fixed income & currencies and trading arms merge
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
Porsche continues to face legal battle against hedge fun cartel claims
Porsche faces court battles with investors over volkswagen AG. Porsche SE continues to face new legal battles against investors over their aborted purchase of Volkswagen AG.
Latest News
Goldman is reportedly leading in the race with Morgan Stanley to acquire largest share of Huarong's stock sale.
Swire Pacific chairman Christopher Pratt, retires and is replaced former Cathay Pacific chief executive officer.
ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.
The venture firm hires Todd Papaoiannou as its Entrepreneur in Residence. An infrastructure venture hedge fund focused on early stage Big Data developments had recently announced that it had appointed Dr.
Marriott planned to sell its three Edition hotels in London, South Florida and Manhattan upon completion of their construction.
Wells Fargo and Co agrees to buy ING Real Estate Finance debt worth US$1.6 billion. Wells and Fargo Co agreed to purchase the twenty-nine loans incurred by ING Real Estate Finance debt.
The US Securities and Exchange Commission approved the takeover by IntercontinentalExchange of NYSE Euronext.
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
Deutsche Bank AG increases structured notes deals bound to Agricole Credit according to a report by Bloomberg.
