Avenue Capital Group, the hedge fund-firm run by Marc Lasry, is in talks to hire members of Goldman Sach’s proprietary-trading business in the U.S., Bloomberg News reported, citing two people briefed on the discussions. Mr. Lasry is pursuing the Goldman Sachs team run by Bob Howard to expand New York-based Avenue Capital beyond its focus [...]
Singapore Telecommunications , Southeast Asia’s largest telecom, said it plans to set up a 200 million Singapore dollar ($150 million) corporate venture capital unit that will invest in new technologies and solutions, Reuters reported. SingTel’s Innov8 will focus its investments on technologies and solutions that lead to quantum changes in network capabilities, next generation devices [...]
8:36 p.m. | Updated By PETER LATTMAN and MICHAEL J. de la MERCED Credit Suisse agreed Tuesday to buy a minority stake in the hedge fund York Capital Management for $425 million. The bank, Switzerland’s second largest after UBS, will acquire a one-third stake in York, which manages about $14 billion in assets, according to [...]
After applying new banking regulations, Nordic banks will have the most surplus capital and be the most likely to distribute it to shareholders, while Italian banks will have the least available capital, according to a Matrix Corporate Capital analyst, Andrew Lim, Bloomberg News reports. Nordic lenders DnB NOR, Svenska Handelsbanken and Nordea Bank will be [...]
Global banks will be required to hold Tier 1 capital of 9 percent, including a 3 percent “conservation buffer,” Reuters said, citing a report in German weekly Die Zeit that quoted a draft proposal from the Basel Committee, the body drawing up global banking rules. Die Zeit’s online edition also said Monday that regulators could [...]
The 10 biggest lenders in Germany, including Deutsche Bank and Commerzbank, may need about 105 billion euros ($135 billion) in capital because of new regulation, the Association of German Banks said, Bloomberg News reported. The lenders would need to raise that sum to reach an estimated 10 percent Tier 1 capital ratio, a crucial measure [...]
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