Banking industry
Kos Pharmaceuticals, a fully integrated specialty pharmaceutical company, announced that its President and Chief Executive Officer, Adrian Adams, will present at the Deutsche Bank Small Cap Growth Conference in Naples, Florida. The presentation will take place on February 16, 2006, and interested parties can access the webcast information through Kos&
Banking industry
InnoCentive, a global scientific community that allows companies to collaborate with world-class scientists to achieve innovative solutions to complex challenges, has closed a $9 million Series A Preferred venture capital financing round led by Spencer Trask Ventures, Inc. The funding will support InnoCentive's aggressive growth plan in the
Banking industry
Daiwa SB Investments, a leading Japanese asset management company, has selected Charles River Development's Investment Management System (Charles River IMS) to monitor more than USD $31 billion in assets under management. This decision marks a major milestone for Charles River IMS, further solidifying its presence in the Asia
Banking industry
Deutsche Bank and Credit Suisse are poised to launch a $2 billion debtor-in-possession (DIP) financing package for energy company Calpine, pending a final decision from the bankruptcy judge. This massive financing package consists of a $1 billion term loan and a $1 billion first-lien revolver, with separate pricing for each
Banking industry
Cerberus Capital Management, a prominent private investment firm, has taken decisive action against Mainichi Shimbun, a Japanese daily newspaper, over a defamatory article published in January 2006. The article, which falsely accused Cerberus of consorting with organized crime, has caused significant damage to the company's reputation both in
Banking industry
Senators have expressed outrage over the House of Representatives' alleged attempt to deliberately delay the passage of the 2006 national budget, with some speculating that the move is intended to push for constitutional amendments. The delay, if it occurs, will have severe consequences for government employees, who are expecting
Banking industry
Reveleus, a global provider of analytical applications for the financial services industry, has been chosen by Citigroup to support its Basel II processing for the United States and local jurisdictions where it operates. The Basel Committee on Banking Supervision has defined the Basel II capital adequacy requirements for global banks,
Banking industry
Henderson Land Development, a major property developer in Hong Kong, has reportedly mandated Macquarie, Deutsche Bank, and HSBC to help spin off a US$400 million to US$500 million real estate investment trust (REIT). The trust is expected to be launched in the second quarter, becoming the city'
Banking industry
The Australian dollar retreated on January 10 as investors sold off the currency ahead of the release of the trade deficit data. At 1200 AEDT, the local unit was trading at $US0.7514/19, lower than yesterday's close of 0.7530/35. Deutsche Bank's foreign exchange
Banking industry
As China prepares to grant full access to its banking market, a fierce battle is unfolding between rival investors vying for control of Guangdong Development Bank (GDB). A Citigroup-led consortium, which submitted the highest bid of 24.1 billion yuan, is facing opposition from Ping An Insurance and a group
Banking industry
In 2005, Citigroup, Deutsche Bank, and UBS, three of the world's largest currency traders, underestimated the dollar's rally, forecasting a decline in value as the US struggled with a large current account deficit. However, this prediction proved incorrect, and the dollar rose 14% against the euro,
Banking industry
A group of investors led by Citigroup has made the top bid for a roughly 85% stake in the Guangdong Development Bank, a state-owned Chinese bank. The bid, valued at approximately $3 billion, was made after months of intense competition among foreign banks to acquire minority stakes in China'
