Banking industry
Leaders from top companies will gather at the TIAA CREF Building in New York City on March 1, 2010, to discuss the critical role of human resources in boardroom decision-making. The event, co-hosted by CTPartners and Booz & Company, will feature panelists representing various industries and market sectors. The discussion
Banking industry
Santander's UK division, encompassing former Abbey, Bradford & Bingley, and Alliance & Leicester, is at the center of speculation following European Union directives. The Royal Bank of Scotland, owner of Williams & Glyn's, has been compelled to sell 300 bank branches. This decision has sparked interest
Banking industry
Santander, the Spanish banking group, is reportedly considering selling a 25% minority stake in its British arm to raise capital. This move would come as the bank seeks to bolster its position in Britain by acquiring 300 branches from Royal Bank of Scotland, a deal aimed at easing European competition
Banking industry
Kraft Foods is set to raise approximately USD 4 billion through a bond sale to finance its acquisition of Cadbury, a British chocolate maker. The sale, which will be book-run by top banks, includes four tranches of dollar-denominated bonds with varying maturities, ranging from 3 years and 3 months to
Banking industry
The German DAX Index advanced 1 percent to 5,709.66 in Frankfurt, reaching its highest level in almost two weeks, as banking shares and utilities rallied. E.ON AG and RWE AG, the country's biggest utilities, climbed, while Deutsche Bank AG and Commerzbank AG, the country'
Banking industry
On January 28, 2010, several notable downgrades were announced by analysts, affecting various companies listed on the New York Stock Exchange (NYSE) and the NASDAQ. The downgrades were based on the analysts' new views on the companies' financial prospects and market performance. These changes can have significant implications
Banking industry
HSBC has led a consortium of investors in a $350 million equity financing round in Better Place, a Palo Alto-based start-up operator of electric car charging stations in the US. This investment marks one of the largest clean-tech investments in history, valuing Better Place at $1.25 billion. The financing
Banking industry
The stimulus package has significantly helped the economy by providing extended unemployment benefits, which have indirectly propped up big banks and small businesses such as Wal-Mart (WMT) and Big Lots (BIG). This has led to over six million people continuing to work, including those employed by these companies. As a
Banking industry
Goldman Sachs Group Inc. (NYSE: GS) has reportedly deferred announcing the structure and magnitude of bonus payments worth more than $20 billion to its 32,000 employees in the UK, citing concerns over the new 50% super-tax on bonuses exceeding $25,000. The decision comes after the British government declared
Banking industry
The US president, Barack Obama, has announced a 10-year "financial crisis responsibility fee" aimed at recouping the $117bn loss to the US treasury from the $700bn bailout, known as the troubled assets relief programme (TARP). The levy, which will be 15 basis points, or 0.15%, on the
Banking industry
French care homes group Medica, owned by private equity firms AXA Private Equity and BC Partners, is set to start a series of initial public offerings this year. The company, which provides long-term care to the elderly, aims to raise at least €250 million through its IPO. The funds will
Banking industry
Nordic Telephone Company, the parent of European telecommunications giant TDC, is poised to list the company on the market, with a powerful lineup of bankers including Goldman Sachs, UBS, Morgan Stanley, Deutsche Bank, Credit Suisse, and JP Morgan set to advise on the process. The decision is driven by the
