Deutsche Bank to Reduce Assets US$332 Billion as Net Income Falls

Europe's largest bank is forced to cut costs after profits drop nearly 50%. Europe's Deutsche Bank AG announced its plans to cut assets by EUR 250 billion (US$332 billion) earlier today, following the dramatic decline in its profits.


EGoM to settle price band for Neyveli stake sale

EGoM is set to decide pricing on the proposed sale of 3.56% stake in Neyveli Lignite Corporation on Wednesday.

European Commission clears Peugeot bailout

EU gave PSA Peugeot through a state-funded financial aid valued at Eur7 billion to keep the company afloat.

Blue Heron Capital invests US$3 mln in local media company

Virginia-based media organization Local Voice rceives US$3 million in funding from Blue Heron Capital.


Latest News

Bottlenose raised US $3.6 million in seed capital, which it intends to use for product development as well as hiring of more employees and marketing.
ZoomSystems acquires Vigix in a bid to offer their consumers more options and to enhance its position in the global scale.
The Hay Group acquires Metallumform in a bid to meet its customers demands and to expand its reach globally.
Scoop.it raised US $2.6 million in anew round of funding, bringing total capital to US $13.6 million.
Nomura's co-head of financial sponsors, Saba Nazar, moved to Bank of America Merrill Lynch according to a memo issued by BAML.
Insight Venture’s acquisition of a minority share in Veeam Software has been completed but financial details of the transaction were not revealed.
Kinderhook Industries' environmental specialist subsidiary has finalized its acquisition of Allstate Power Vac Tuesday.
L'ArcoBaleno gets a seven-figure amount of seed capital funding but failed to reveal just how much money it was able to raise.
Superfish continues to attract investors as it raised US $10 million during its fourth round funding.
Barclays announced selling its shares to raise GBP5.8 billion to satisfy Britain's financial regulators demand.