Tag Archives: transactions
Reports: MBIA To Pay $350 Mln To Settle Litigation With Societe Generale
PARIS (dpa-AFX) – MBIA Inc. (MBI) has reportedly agreed to pay Societe Generale SA (SCGLF.PK, SCGLY.PK) $350 million to settle litigation concerning the restructuring transactions announced by the… Continue reading
Italian Lender Puts $3.65 Billion as Collateral
Italian lender Banca Monte dei Paschi di Siena SpA (BMPS.MI) said late Wednesday it had to place just over 2.8 billion euros ($3.65 billion) as collateral for two loss-making derivatives transactions at the center of a fraud investigation. Continue reading
CME Group "mistakenly" let some traders see secret swaps data
(Reuters) – CME Group said Monday that it mistakenly allowed “a small number” of traders to see confidential data on hundreds of swaps transactions that it collects under new rules mandated by Wall Street reform legislation. Details on 500 swaps transactions tied to agriculture and energy were inadvertently released to some traders on April 1, CME said, after the Chicago-based exchange operator implemented an enhancement to its swaps-data warehousing service that contained a bug. CME corrected the problem within two days, it said in a statement Continue reading
Dogs, power tools and bedrooms: Person-to-person sharing explodes
It has become the norm: People using online sites to share what they have – in the tangible world – with strangers.Power tools, baby clothes for a special occasion, a personal loan – even a dog for those who want to test pet ownership. No longer does one need to buy these items, clogging up storage. Nor is this a quaint notion: Person-to-person transactions, popularized by early innovative sites s… Continue reading
M&A Can Succeed If Acquirers Limit the Seller’s Share of Synergies / Shareholders Welcome Details About M&A Deals, Rewarding Acquirers for Disclosing Strategy and Synergy Expectations, According to New Research From The Boston Consulting Group an
MUNICH, GERMANY — (Marketwire) — 03/27/13 — Companies that engage in mergers and acquisitions often justify the deals by pointing to the potential synergies that transactions will unlock. But th… Continue reading
Matrix Tax Deferred Income Fund & Matrix Tax Deferred Income Trust Pool
TORONTO, ONTARIO — (Marketwire) — 03/22/13 — Matrix Funds has received the recent Federal Budget provisions with respect to character conversion transactions. The budget proposes new rules that … Continue reading
U.S. Justice Dept says wins $1 bln Dow Chemical tax shelter case
WASHINGTON (Reuters) – The U.S. Justice Department said on Wednesday it has won a $1 billion tax shelter case against Dow Chemical Co that involved a Swiss partnership, Wall Street financial giant Goldman Sachs and international law firm King & Spalding Continue reading
Justice Department says wins $1 billion Dow tax shelter case
WASHINGTON (Reuters) – The U.S. Justice Department said on Wednesday it has won a $1 billion tax shelter case against Dow Chemical Co that involved a Swiss partnership, Wall Street financial giant Goldman Sachs and international law firm King & Spalding. Continue reading
Better checking: No fee, no minimum, 4% interest
Imagine if you could earn 3 or 4 percent interest on a “free” checking account – with no minimum balance requirement, no monthly fees and free transactions at any ATM in the country? It sounds too good to be true, but it’s not. Continue reading
BATS glitch affected far fewer trades than originally thought
NEW YORK (Reuters) – A systems error at U.S. stock market operator BATS Global Markets that led to a number of trades not being executed at the best possible price over a four-year period, was not as wide-spread as originally thought, BATS said on Friday. The coding problem led to around 12,000 transactions being executed at prices that were not the best available, in violation of U.S Continue reading
