Citigroup announced that the company will cut down on block trading businesses as one of the bank's strategy to protect the firm from any losses, especially with current market uncertainty. The bank also plans to avoid its client from big losses as the trading could give a high return but at the same time, the client could risk losing more than they invested when the market turns south.
Credit Suisse AG
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Textron Inc., the maker of Cessna planes, reportedly agreed to takeover aircraft manufactured Beechcraft Corporation for $1.4 billion. Beechcraft has put up itself for sale after emerging from a bankruptcy protection earlier this year.
Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp for $3 billion
Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp. for $3 billion. Carlyle has tapped investment bank Credit Suisse to explore an outright sale or IPO of PQ.
Tomkins Ltd. has began the process for an exit deal that could bring in at least USD6 billion to the British manufacturer. It reportedly hired Goldman Sachs Group to advise on its proposed sale or listing.
China Cinda Asset Management Co. Ltd. is looking to raise USD2.45 billion in an initial public offering at the Hong Kong Stock Exchange. Cinda will sell 5.3 billion shares priced at HKD3.00 to HKD3.58 per share.
Amid the run up to the Third Plenum, many market investors who have waited for the policy direction from the Chinese government had made them either hopeful or disappointed with the communique released by President Xi Jinping.
With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
The investigation into improprieties related to mortgage backed securities hinges its legality in a 1989 law.
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities.
Credit Suisse AG is to sell of its German subsidiary according to a German paper.
Discount and Koor shares rise to highest number in 14 months.
DriveCam, a California based firm that develops technology focusing in curbing driver errors was in discussion with banks for an initial public offering.