Indian energy company Reliance Industries Ltd has raised its offer for bankrupt petrochemicals maker LyondellBasell ACCEIN.UL to about $14.5 billion, Bloomberg News reported on Sunday, citing people with knowledge of the offer.
Twenty-four European banks may need to issue about 240 billion euros ($327 billion) annually for the next three years to fund existing and new businesses.
The Federal Reserve has continued to target its liquidity withdrawal for the banking system as conditions improve for Wall Street and prominent hedge funds take huge positions in financial institutions.
The planned sale of Citigroup's real estate asset management arm has hit a snag after some of the unit's clients refused to give their blessing to a disposal, sources told Reuters.
The fate of the U.S. Securities and Exchange Commission's $150 million accord with Bank of America Corp over the Merrill Lynch & Co takeover hung in the balance as a federal judge sought help in resolving striking inconsistencies in events leading up to the merger.
The stock market rallied modestly today as Whole Foods (NASDAQ:WFMI) gave a boost to food retailers and doubts over President Obama's healthcare reform efforts lifted the health insurance sector.
Bank of America Corp fired its general counsel in December 2008 to keep Brian Moynihan, now its chief executive, from leaving the bank, and not because of legal advice concerning the takeover of Merrill Lynch & Co, the Securities and Exchange Commission said.
Harvard University's endowment is looking to sell a portion of its $5 billion real estate portfolio to reduce its exposure to the troubled property market, the Wall Street Journal said.
Shares in hedge fund manager Man Group topped the list of FTSE 100 gainers on Wednesday, with traders citing talk of takeover interest from U.S. fund group BlackRock .
Morgan Stanley may hand over to creditors its $2.4 billion investment in a chain of Japanese hotels when the debt becomes due in April, the Wall Street Journal said on Wednesday, citing people familiar with the matter.
The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.
The London recording studio immortalized by the multi-million-selling Beatles album of the same name has been put up for sale by its owners.
Norway's Yara agreed to buy Terra Industries for $4.1 billion to create the world's biggest mineral fertiliser producer and boost its U.S. presence.
Citigroup Inc is at no disadvantage when it comes to paying employees, the bank's chief financial officer said on Thursday.
Singapore sovereign wealth fund GIC will convert 11 billion Swiss francs ($10.33 billion) worth of UBS notes into shares next month at a price that may erode the value of its stake in the Swiss bank by 70 percent.
Citigroup Inc said on Wednesday it has named Stuart Staley to replace the retiring head of global commodities, which the third largest U.S. bank aims to expand by 30 to 40 percent over the next three years.
Stock index futures were lower on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment.
Citigroup Inc has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, according to a report by the Financial Times.
Wells Fargo & Co's brokerage expects to add more than 1,400 financial advisers this year through a combination of poaching from rivals and training rookie brokers.
Kraft Foods Inc on Thursday launched a 4-part, $9.5 billion debt sale to help finance its acquisition of British confectioner Cadbury, IFR reported.
Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal.
Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported on Sunday, citing people familiar with the matter.
