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...Liberty’s backers include SoftBank and Saudi Arabia’s sovereign wealth fund....
...Subscription lines help bridge the period between when a fund buys a company or makes an investment, and when that fund receives cash it has been promised from backers, typically endowments, pensions and sovereign...
...McKinsey and BCG have been accused of withholding information on ties with Saudi Arabia, as a US congressional subpoena seeks documents related to their work with the kingdom’s sovereign wealth fund....
...That means potentially heavy losses for banks, insurers, pension funds and asset managers that own trillions of dollars of sovereign and corporate debt after loading up in recent years....
...First Republic Bank fell 61.8 per cent, Western Alliance Bancorp lost 47.1 per cent, and KeyCorp dropped 27.3 per cent....
...Third-quarter earnings for four of the biggest US diversified banks came out last Friday: JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp. What did we learn?...
...Berkshire remains a top shareholder of Bank of America, American Express and US Bancorp....
...It bought Maine-based Banknorth in 2004, Hudson United for $1.9bn in 2005 and Commerce Bancorp for $8.9bn just ahead of the financial crisis....
...Other banks that have fallen into line with the fluctuations in the curve include Zion Bancorp, Regions Bank, Bank OZK, and People’s United....
...In the current febrile market environment, where investors have sought havens, sovereigns and institutions regarded as the strongest have continued selling debt....
...Despite Greece’s best efforts, sovereign bond yields remain weak....
...In six similarly-worded suits, filed on Wednesday at the Supreme Court in New York, the investors alleged that the banks – which also include Citigroup, Bank of New York Mellon, US Bancorp and Wells Fargo...
...The US Congress has passed a bill to reopen the federal government and approve new sovereign borrowings, ending three weeks of high drama on Capitol Hill that pushed the US to the edge of a debt default....
...(FT Brussels Blog)A second eurozone sovereign restructuring?...
...chart that shows how the Aussie banking sector (effectively four commercial banks – ANZ, CBA, NAB, and Westpac – along with investment bank Macquarie) has now reached US$305bn, for which you could get: US Bancorp...
...Good morning New York, FT ALPHAVILLE - The eurozone’s second sovereign restructuring: Joseph goes through the draft debt sustainability analysis for Cyprus and concludes it’s rather a grim read....
...buy struggling mortgage lender Hudson City Bancorp for $3.7bn in cash and stock, says the WSJ....
...Also under review are 575 foreclosures at OneWest, formerly known as IndyMac; 87 at HSBC; 80 at US Bancorp; 56 at Aurora, formerly known as Lehman Brothers Bank; 25 at MetLife; six at Sovereign; and three...
...Questions about Jefferies’ exposure to eurozone sovereign debt had pushed its shares below $10 towards the end of 2011....
...Investors were unconvinced as SunTrust shares fell 5 per cent to $17.30, and US Bancorp fell 2.9 per cent to $25.65....
...Mr Foran upgraded Cincinnati-based Fifth Third Bancorp – up 1.4 per cent at $9.75 – from hold to buy, because of its large mortgage book....
...Corporate credit markets were also rattled on Thursday, particularly in Europe, which remains gripped by a sovereign debt crisis along its periphery....
...Bank of America was down 1.1 per cent to $12.18 while Fifth Third Bancorp lost 1.5 per cent to $12.80....
...Stressing that he was highly unlikely to acquire a bank in any country facing concerns over its own sovereign credit risk, Mr Flowers said the Banca Cívica deal was not expected to be completed until Spain...
...The IRS has been battling six US banks – BB&T Corp, Bank of New York Mellon Corp, Sovereign Bancorp (now a unit of Banco Santander), Wachovia Corp, Washington Mutual Inc and Wells Fargo & Co – over tax credits...
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