VENTURE CAPITAL POST

Glendon Capital Management, a spinout by British bank Barclays, is expected to launch its first fund in the first half of next year. The new firm is reportedly looking to raise USD1 billion for its debut fund.

Resolution Ltd. is looking to sell its business unit Lombard located in Luxembourg. However, terms of the deal were unknown as talks on the sale of Lombard are still in a preliminary stage.

Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.

Chrysler Group LLC appointed Barclays Plc, Goldman Sachs Group, Morgan Stanley and UBS AG to help underwrite its proposed initial public offering slated in December. Chrysler filed for an IPO in September.

Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter.

The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.

Family owned natural gas exploration and production firm Rice Energy had been preparing for an IPO to be launched early 2014, said sources that were familiar with the matter.

The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.

Barclays Plc promoted investment banker John Miller as head of banking for the Americas division of the bank, according to an internal memo seen by Reuters.

Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.

Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.

After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.

In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.

Emmanuel Fievet, Barclays Plc's head for UK and Europe had left the bank following Stefanie Drews' departure from the banks' group of wealthy clients and family offices in London.

Today, OCI Resources announced that it had launched its initial public offering of 5,000,000 common units.