Financial Services & Real Estate Headlines

Brazil approves $3.9 billion BM&FBovespa-Cetip tie-up

Brazil's antitrust watchdog Cade on Wednesday approved financial bourse BM&FBovespa SA's takeover of rival clearinghouse Cetip SA Mercados Organizados , and will not require any antitrust measures beyond those the firms proposed themselves.

Kabbage looks to raise money for acquisitions: sources

Small U.S. business online lender Kabbage Inc is in talks to raise a new round of equity funding that could be used for potential acquisitions at a time when many of its peers face funding challenges, people familiar with the matter said.

Dole CEO reaches $74 million settlement over 2013 buyout

David Murdock, the 93-year-old billionaire chief executive of Dole Food Co, has reached a $74 million settlement of claims that he shortchanged shareholders in 2013 when he took the produce company private in a $1.2 billion buyout.

LPC-L’Oreal targets direct lenders to fund Body Shop sale

L’Oreal is targeting direct lenders to provide up to €650 million of leveraged loans to back a potential sale of British retailer The Body Shop, in a bid to provide certainty of debt funding and encourage possible buyers to submit an offer for the business, banking sources said.

Italy to test EU rules again with Veneto banks bailout

Italy's plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light.

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