GM Back On Road with Blockbuster IPO; But Is That Enough?
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
GM's IPO could be the world's largest
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
Paulson reduces exposure to financial holdings
Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
ECM deals total $23.3 billion last week: Dealogic
Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.
Some ask why financial firms get the love
Rebalancing will also mean moving focus from the financial sector.
'Robo-signers' effect: U.S. foreclosures dip in Oct
Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.
Copper rallies to fresh highs on buoyant China, drop in supplies
Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.
Basel III likely to have limited short-term impact on U.S. banks
For big U.S. banks, Basel III will likely have limited impact in the short-term because of its generous phase-in timeline