Tag Archives: unit
Brazil’s Itau to Buy Citigroup’s Consumer Finance Unit for BRL2.77 Billion
Brazilian bank Itau Unibanco Holding SA (ITUB, ITUB4.BR) has agreed to buy the Brazilian consumer finance unit of Citigroup Inc. (C) for 2.77 billion Brazilian reais ($1.38 billion), Itau said in a statement Tuesday Continue reading
Morgan Stanley’s deputy head of investment banking exits: WSJ
(Reuters) – Morgan Stanley’s deputy head of investment banking, Ji-Yeun Lee, has left the firm in recent weeks, the Wall Street Journal reported, citing people familiar with the company. Lee was a key lieutenant to Paul Taubman, who previously co-headed the company’s investment bank. Continue reading
FERC grants JPMorgan power rehearing request
U.S. federal energy regulators on Friday granted a rehearing request for a unit of JPMorgan Chase & Co Inc on how the bank will comply with a six-month ban on physical power trading at market-based rates. Continue reading
Penney in talks with some parties for a new loan: WSJ
(Reuters) – J.C. Penney Co Inc is speaking with Wells Fargo & Co and others, including parties that invest in troubled companies, about a new loan to help it buttress its cash reserves, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Other parties involved in talks about providing funds for the loan include a lending unit of private equity firm TPG and Gordon Brothers Group, an investment firm that sometimes finances troubled retailers, those people said, according to the paper. Continue reading
Block & Leviton LLP Investigates UniTek Global Services, Inc. for Possible Violations of the Federal Securities Laws
BOSTON, April 13, 2013 /PRNewswire/ –Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations by UniT… Continue reading
U.S. revives probe of media’s handling of economic data – source
WASHINGTON (Reuters) – U.S. law enforcement officials have reversed a decision to wind down an investigation into how news agencies handle the release of economic data to investors, concerned some sensitive information may have leaked into financial markets, a person familiar with the probe said on Wednesday. The Wall Street Journal reported earlier on Wednesday that Thomson Reuters Corp , the parent of Reuters News, Bloomberg LP and Dow Jones & Co., a unit of News Corp , were among the media companies under investigation. Continue reading
Ally, ResCap Spar Over Federal Foreclosure-Review Program
Government-owned lender Ally Financial Inc. is sparring with its Residential Capital mortgage subsidiary over the unit’s efforts to get out of a federal foreclosure-review program. Continue reading
MARKET COMMENT: Taiwan Shares +0.3%, Banks Shine; 7950 Cap Seen
Taiwan’s shares rise 0.3% to 7936.45, led by gains in financial stocks following ICBC’s (1398.HK) plan to buy a 20% stake in SinoPac’s (2890.TW) banking unit. Continue reading
