Banking And Finance NEWS

Morgan Stanley unit invests in India’s Continuum Wind Energy

Morgan Stanley Infrastructure Partners, a unit of US investment banking major Morgan Stanley (NYSE:MS), has agreed to invest INR12bn (USD210m/EUR167m) in Continuum Wind Energy, acquiring a majority stake in the Indian wind power … Continue reading “Morgan Stanley unit invests in India’s Continuum Wind Energy”


UK engineering firm Invensys terminates talks with potential buyers

British engineering group Invensys Plc (LON:ISYS) confirmed on Thursday it had been in very early talks with third parties interested in buying it, including US Emerson Electric Co (NYSE:EMR), but the negotiations had … Continue reading “UK engineering firm Invensys terminates talks with potential buyers”


Private equity sponsor KKR agrees to acquire Prisma Capital

US private equity major KKR & Co LP (NYSE: KKR) said it had entered into an agreement to buy Prisma Capital Partners LP, an alternative investment manager focused on providing customised hedge fund … Continue reading “Private equity sponsor KKR agrees to acquire Prisma Capital”


AXA Private Equity to seeks buyout stakes with $7bn fund

As financial firms and banks are seeking ways to exit their private equity investments, French insurer AXA SA’s (EPA:AXA) investment unit has put together a USD7.1bn (EUR5.6bn) fund to take advantage of this … Continue reading “AXA Private Equity to seeks buyout stakes with $7bn fund”


British bank Lloyds to dispose of Japanese GoLloyds unit

British lender Lloyds Banking Group Plc (LON:LLOY) announced on Tuesday it will dispose of its remittance operations in Japan, called GoLloyds, to local Shinsei Bank Ltd (TYO:8303) for a non-specified sum. The sale … Continue reading “British bank Lloyds to dispose of Japanese GoLloyds unit”


Find the Right Credit Card For You

The credit-card market is full of different offers and attractions to tempt in customers. And while it may seem simplest just to take the first card offered to you by your bank, there … Continue reading “Find the Right Credit Card For You”


Goldman Sachs to sell its hedge fund administration arm to State Street

Goldman Sachs Group Inc (NYSE:GS) is negotiating the sale of its hedge fund administration business to State Street Corp (NYSE:STT) and could strike an agreement by the end of June, according to a … Continue reading “Goldman Sachs to sell its hedge fund administration arm to State Street”


Bailout for Spain’s banks lifts Asian shares

Spain’s EUR100bn bailout package has lifted shares in Asia and resulted in a 1% gain for the euro against the US dollar and the Japanese yen. Stock markets in Japan and Hong Kong … Continue reading “Bailout for Spain’s banks lifts Asian shares”


HSBC agrees to sell Greek equities brokerage

British banking group HSBC Holdings Plc (LON:HSBA) said it has sealed a deal to divest its Greek equities brokerage ¬†HSBC Securities SA to a group of investors led by the business’ current managing … Continue reading “HSBC agrees to sell Greek equities brokerage”


Asia-Pacific stock markets rebound on G8 comments

Stock markets in Asia and Australia recovered slightly on Monday as G8 members, meeting over the weekend, said they would do everything in their power to avoid another full blown financial crisis The … Continue reading “Asia-Pacific stock markets rebound on G8 comments”


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