Virgin Money recently returned to profitability after its acquisition of Northern Rock last January 2012.
Sectors
Italia Independent to do IPO
Sunglass maker Italia Independent will do IPO at the Milan junior AIM stock market. (Photo : Reuters)The image is Lapo Elkann, the CEO of Italia Independent.
UK Mutuals in Jeopardy due to New Rules Imposed
According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
HSBC and Citigroup obtain mutual fund distribution licenses
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
More complicated anti trust issues arise if Liberty Global wins bid for Kabel
According to the German antitrust regulatory authority, the ownership of other service providers would delay and hamper Liberty Global's purchase of Kabel Deutschland.
Latest News
Simon Havers was named as Odgers Berndston's new head. (Photo : Reuters)This is an image of executives based in London. Odgers Berndston, a United Kingdom-based private equity firm, named Simon Havers as its new executive to head its new private equity sector team.
Metacloud raised $10 million in its Series A funding led by Canaan Partners. (Photo : Reuters)This image represents cloud technology. Cloud solutions provider Metacloud said today that it closed its $10 million Series A fundraiser.
Steve Cohen was named by BenefitMall as its new vice president. (Photo : Reuters)This is the logo of BenefitMall. Steve Cohen, former vice president of sales at White Glove Health, was announced as BenefitMall's new vice president.
Rapid Micro Biosystems received funding from several lead investors. (Photo : Reuters)This is an image of workers in a microbiology laboratory. Rapid Micro Biosystems announced today that it has successfully received backing from lead investors Longitude Capital and TPG Biotech.
Ludei announced that it has gained $1.5 million in funding from Spanish investors. (Photo : Reuters)This is the logo of Ludei. The new capital will be utilized for the company's expansion of its JavaScript and HTML5 engineering processes and engineering team in lieu of the industry's increasing demand from major players in the entertainment and tech sector.
Related and Highbridge agreed to partner and create a joint venture on real estate. (Photo : Reuters)The image is an urban area where REITs and real estate moguls earn their keep.
Egypt's OCI increased in value as the country's finance authority approves of tender. (Photo : Reuters)The image is snapshot of the trading floor of the Egyptian bourse Orascom Construction Industries, one of Egypt's largest publicly traded firms, predicts a tremendous upsurge in more than seven years.
Lark Energy put 100 megawatts worth of projects for sale. (Photo : Reuters)The image is an aerial shot of the proposed project from the LA Department of Water and Power.
Sergeyevich Ivanov joined Altimp's international advisory board. (Photo : Reuters)This is the logo of Altimo. Russian international telecoms investor Altimo announced today that it has picked Igor Sergeyevich to join its international advisory board.
