Hong Kong: DBS Group Holdings Ltd and Julius Baer Holding AG are among the potential buyers of ING Groep NV’s private banking operations, three people familiar with the matter said. Amsterdam-based ING, the biggest Dutch financial-services company, is ...
UBS AG, the biggest Swiss bank by assets, named Kevin Cox to a new post overseeing the investment banking department in the Americas. Cox, an adviser to industrial companies such as BAE Systems Plc and General Electric Co., will aid global head ...
ALLIANZ SE and Goldman Sachs Group Inc's infrastructure funds have teamed up to bid for Vattenfall AB's German power grid, vying with another group that includes Morgan Stanley, insiders said. The network may fetch as much as 1 billion euros (US$1.3 ...
HSBC, Europe's largest bank, is to increase the money it loans for home mortgages in Britain next year by 20 percent to 15 billion pounds (US$22 billion). The announcement came less than a day after the bank created a US$5-billion fund to increase ...
Metals are the new green on Wall Street, as mining has displaced financial services to become the biggest source of mergers and acquisitions. The value of announced mining takeovers more than tripled to $199 billion in the first five months of 2008 ...
MACQUARIE Group Ltd, 3i Infrastructure Ltd and Deutsche Bank AG's RREEF fund plan to submit separate offers for the oil and natural gas storage unit of Germany's IVG Immobilien AG, according to four insiders. The division of Bonn-based IVG is ...
INVESTORS in the options and debt-derivatives markets are betting that Lehman Brothers Holdings Inc has further to fall amid concern the fourth-largest United States securities firm may need a capital injection. Options traders increased their ...
MERGERS and acquisitions bankers have suffered a 35- percent drop in fees during the first quarter, just weeks after cashing bonuses from a record year. Advisory fees fell to about US$8.7 billion from US$13.4 billion in the first three months of 200 ...
LONDON'S financial services companies hired fewer bankers and cut salaries last month amid a slowdown in financial markets, a survey said. The number of new job vacancies in the financial services industry dropped about 9.6 percent in February ...
AIR France-KLM Group and Deutsche Lufthansa AG, Europe's two biggest airlines, are holding talks with Alitalia SpA as the Italian government seeks a buyer for the unprofitable carrier, two people with direct knowledge of the matter have said. ...
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