The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
Legal & Regulatory
Egypt returns USD2 billion to Qatar
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
Department of Telecom near release of policy guidelines for industry mergers and acquisitions
The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.
Monte Paschi to announce turnaround plan to avoid nationalization-report
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
Highest inflow recorded for global equity funds before Fed announcement
Global equity funds recorded the highest inflows the week before the US Federal Reserve announced its monetary policy.
Latest News
In a ruling by Judge Norgle, Groupon was ordered to face the class action suit filed against it for securities fraud.
JP Morgan Chase & Co. reached a milestone in cleaning up its legal affairs however it had also left the company a hefty USD1 billion settlement payments.
A memorandum of understanding was finalized between Tata Group and Singapore Airlines leading the way to the formation of a new airline to service the Indian market.
The unions working for AMR Corp, the parent of American Airlines, and US Airways conducted a forwarded their displeasure on the suit filed by the antitrust division of the Justice Department.
JP Morgan Chase & Co. had been poised to pay approximately USD900 million to settle claims from both US and UK regulators.
The proposed share buyback of Activision Blizzard Inc. of its Vivendi SA's shares was blocked by a judge in Delaware Chancery Court in Wilmington.
The case against SAC Capital and Michael Steinberg was bolstered with the testimony of former analyst Ron Dennis as an uncharged co-conspirator.
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
