Market News

Bank of New York Mellon (BK)

BNY Mellon said it has signed a definitive agreement to acquire the corporate trust business of CIBC Mellon. The acquisition is expected to close by the end of the
The acquisition will more than double BNY Mellon's share of the corporate trust market in Canada and expand its leadership position in a number of key segments, servicing domestic and cross-border debt issuances, structured credit and securitizations, government stimulus programs and public private partnership transactions.

Feb 17 · 8:40:00 AM · Source: Company Press Release
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by Larry Etter

Simon Property Group (SPG)

Simon Property Group Inc. Tuesday said it has made an offer to acquire General Growth Properties Inc., the real estate investment trust that filed for bankruptcy last year, in a deal valued at over $10 billion, including about $9 billion in cash. The offer includes a consideration to creditors totaling some $7 billion,

Feb 16 · 11:39:00 AM · Source: Company Press Release
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by Larry Etter

J.P. Morgan (JPM)

J.P. Morgan announced today that it will acquire RBS Sempra Commodities' global oil, global metals and European power and gas assets. The transaction is expected to close in the second quarter of 2010, pending regulatory approvals. These assets will be integrated into J.P. Morgan's existing Global Commodities business, led by Blythe Masters.

Feb 16 · 11:30:00 AM · Source: Company Press Release
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by Larry Etter

Wells Fargo (WFC)

Wells Fargo Advisors Financial Network, LLC, through a relationship with FP Transitions, the nation’s leading provider of equity management valuation and succession planning services, announced the introduction of a new program that helps enable Wells Fargo Advisors Financial Network business owners to more precisely determine, build and monitor the value of their practice.
The Comprehensive Equity Management System is a comprehensive solution that will help business owners identify value of their advisory practice, plan for retirement and position their practice for continued growth.

Feb 12 · 12:20:00 PM · Source: Company Press Release
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by Larry Etter

Bank of New York Mellon (BK)

BNY Mellon and Bank of China, New York Branch have announced the launch of BOC-NYB's new Web-based remittance service. Allowing customers in the U.S. to remit funds to any of Bank of China's more than 100 global locations and thousands of locations in China, as well as to virtually all other banks in China, the service is based on the Remit Worldwide solution provided by BNY Mellon Treasury Services.

Feb 12 · 12:13:00 PM · Source: Company Press Release
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by Larry Etter

Citigroup (C)

Barclays Bank PLC announced it has agreed to acquire the Italian credit card business of Citibank International Bank PLC. Barclays will acquire 197,000 credit card accounts and gross assets of EUR234 million of which substantially all relate to receivables. -
Barclays plans to integrate business and its employees into its existing Barclays Italy business, part of global retail and commercial banking, Western Europe division. Over time, Barclays intends to rebrand acquired credit cards with global Barclaycard brand.

Feb 12 · 12:08:00 PM
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by Larry Etter

CB Richard Ellis Group (CBG)

CB Richard Ellis Group, Inc. has announced that it has reached agreement with its lenders to extend maturities on approximately $156.6 million of debt by offering certain holders the ability to swap into new or existing tranches with longer dated maturities

Feb 11 · 10:22:00 AM · Source: Company Press Release
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by Larry Etter

Morgan Stanley (MS)

Morgan Stanley announced today that its dedicated infrastructure group, Morgan Stanley Infrastructure Partners, will acquire a 40 percent economic stake and a 50 percent voting stake in Southern Star Central Corp., parent company of Southern Star Central Gas Pipeline (Southern Star), an interstate natural gas pipeline and storage operation servicing the Midwest region of the U.S.
The company believes Southern Star offers a unique opportunity for Morgan Stanley Infrastructure Partners to invest in a proven and stable energy asset.

Feb 11 · 10:16:00 AM · Source: Company Press Release
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by Larry Etter

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