Bafin Widens Scrutiny of German Banks Amid Libor - Sources: Reuters
Markets regulator Bafin is investigating eight German banks that participate or have participated in the Euribor, the Reuters news agency said Sunday on its website, citing unnamed sources.
Aviva Receives Unsolicited Offers for U.S. Division
Aviva PLC (AV) has received a number of unsolicited approaches from financial and private equity buyers for its U.S. life division, according to the Sunday Telegraph.
HSBC to Provision $200 Million for Laundering Scandal
HSBC Holdings PLC (HBC) is expected to make a $200 million provision for costs after the bank came under scrutiny for failing to combat money laundering in its U.S. operations, the Sunday Telegraph reported.
Hong Kong Firm Accused of Insider Trading in U.S.
The Chinese tycoon behind a company that was implicated in an insider-trading investigation in the U.S. is one of China's richest entrepreneurs, having first built his wealth in construction materials and real estate during the 1990s housing boom.
Changes Brew in Asian Beer Sector
The burgeoning beer industry in Asia is likely to undergo significant changes this week, when a decision is expected to be made regarding Heineken NV's US$4.1 billion bid for one of the region's prized assets.
Westfield To Invest GPB3 Billion In Britain -Report
Westfield Group (WDC.AU) is planning to invest a further GBP3 billion (US$4.72 billion) in Britain in the next few years as part of a strategy to expand its footprint in upmarket shopping centers in the country, The Australian newspaper reported Monday.
RBS CEO Says Bank Expects To Be Fined for Role in Libor Scandal -Report
Royal Bank of Scotland Group PLC (RBS) Chief Executive Stephen Hester said Sunday the government-controlled bank expects to be fined for its role in the Libor rate-setting scandal.
MONEY WEEK AHEAD: Next Stop for 10-Year Treasurys: 1.25% Yield
U.S. Treasurys have never carried values as lofty as they do now. Yet more gains could be in the works as investors have learned to never underestimate the power of fear-driven buying. That is why a once-unthinkable 1.25% yield on 10-year Treasurys is now being penciled in by many bond investors
Controversial GM Ad Chief Leaving Company: Report
General Motors Co. is ousting its advertising chief, Joel Ewanick, The Wall Street Jouranl reported Sunday, citing unnamed people people familiar with the situation.