RPT-Market Chatter-Corporate finance press digest

Mon Jan 28, 2013 11:50am IST

Related Topics

Stocks

   

Jan 28 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries.

* Bank of America has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported.

* Barclays and Credit Suisse are both preparing collateralised loan obligations - which bundle corporate loans primarily for leveraged buyouts into a single vehicle - for investment groups Pramerica and Cairn Capital, said sources close to the deals. ()

* British insurer Admiral plans to buy law firm Lyons Davidson to limit the financial impact of a ban on lawyers paying for accident victims' contact details, the Mail on Sunday reported, citing an unnamed source.

* BlackRock, the world's largest asset management company, has taken an $80 million stake in Twitter Inc, a person with knowledge of the deal said.

* Indonesia-focused miner Bumi Plc will announce plans for a smaller board and a new company name as it seeks to break with two years of damaging battles between investors, a source familiar with the matter said.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage