NEW YORK - Crexus Investment Corp estimates its planned initial public offering will yield $500 million, according to an updated prospectus filed on Monday with the U.S. Securities and Exchange Commission.
Crexus, which filed for its IPO in June, said it expected its 33.3 million shares to price at $15 apiece.
Stocks fell on Monday as concerns about the global economy's health weighed on Wall Street, following a hefty sell-off in Chinese equities.
Banks that were deemed
Selling a home and helping the buyer finance may be a good option to getting a house sold, experts say. Yet it is imperative that the seller thoroughly investigate the buyer's finances before agreeing to the deal.
Shares of Citigroup Inc fell as much as 7.5 percent on Monday amid a broad slide in financial stocks, after rallying over the last week.
The United States has launched the formal process to get account details of 4,450 American clients of UBS suspected of tax evasion, the Swiss finance ministry said on Monday.
Hedge fund firm Citadel Investment Group LLC on Monday said it terminated a plan to sell 120 million shares of E*Trade Financial Corp over the next three months.
Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
NEW YORK - U.S. stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
Stock index futures pointed to a lower open on Monday as Chinese equities dropped sharply and commodities fell on concerns that asset prices have run ahead of the economic realities.
U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT (4:25 a.m. EDT).
Market looks to jobs data; Reinvention for Funds; GM's New China Venture
Players in the $1.4 trillion hedge fund industry employ a huge array of tactics in their efforts to maximize returns.
The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected.
Executives at Swiss banks Julius Baer and Credit Suisse expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS , they told The Financial Times on Sunday.
Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition.
France has secured the names and details of some 3,000 suspected tax evaders with Swiss bank accounts in what the budget minister described as a first in its battle against banking secrecy.
TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed.
Two real estate investment trusts filed for initial public offerings on Friday, bringing to eight the number of applications since early July by REITs created by real estate companies seeking to take advantage of the distressed commercial property market.
Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.
Confidence indicates slow recovery; Credit card limits drop; Mets owners in Madoff trouble
