For Celfin Capital, 2010 was a year of consolidation and looking to new horizons. In the Chilean market, Celfin strengthened its leadership position across all its business areas; while in the Peruvian market, the company’s brokerage, wealth management and corporate finance operations achieved significant positions and broke even in their second year of operation. At…
The story of Cairo Amman Bank (CAB) has been described as a corporate rebirth – one in which a small financial institution with humble foundations completely reinvented itself by tapping the potential in the Jordanian banking landscape to redefine its brand position. In the 1990s, the prognosis for CAB’s growth in the market was fairly…
JPMorgan Securities has agreed to pay $153.6m to settle civil fraud charges against it for misleading buyers of complex mortgage securities investments during the collapse of the housing market, it was announced late on Tuesday. The SEC found that JPMorgan did not correctly disclose to investors that the vehicle had been created on behalf…
From a humble beginning as a trading house in 1977, Al-Tuwairqi Holding Company (ATH) is now one of the leading businesses in the Kingdom of Saudi Arabia. The company has shown a phenomenal growth over the last two decades and today is among the top five private sector industrial concerns in the Kingdom. Dr Hilal…
Foster’s, Australia’s biggest brewer by sales, rejected a $9.51bn cash offer from London-based SABMiller on Tuesday, saying the bid undervalued the Australian company.The unsolicited and unconditional offer of A$4.90 per share for the firm was an 8.2 percent premium on the closing price of A$4.53. SabMiller CEO Graham MacKay confirmed on Tuesday that it made…
Foster’s, Australia’s biggest brewer by sales, rejected a $9.51bn cash offer from London-based SABMiller on Tuesday, saying the bid undervalued the Australian company.The unsolicited and unconditional offer of A$4.90 per share for the firm was an 8.2 percent premium on the closing price of A$4.53. SabMiller CEO Graham MacKay confirmed on Tuesday that it made…
European governments chose to withhold the decision on whether an additional aid payment of €12bn should go to the Greek government, saying the nation needs to put a strict austerity package in place first. Luxembourg’s Prime Minister, Jean-Claude Juncker, who chairs the 17-strong group of European finance ministers, said: “We agreed that there should be…
European governments chose to withhold the decision on whether an additional aid payment of €12bn should go to the Greek government, saying the nation needs to put a strict austerity package in place first. Luxembourg’s Prime Minister, Jean-Claude Juncker, who chairs the 17-strong group of European finance ministers, said: “We agreed that there should be…
New York-based exchange operator Nasdaq OMX confirmed on Friday it is bidding for a minority stake in leading Anglo-French swaps clearing house LCH.Clearnet. The bid forms part of Nasdaq’s strategy to expand beyond the US, the company said. Nasdaq CEO Robert Greinfeld spoke to journalists at the Federation of European Securities Exchanges conference in Athens, saying:…
New York-based exchange operator Nasdaq OMX confirmed on Friday it is bidding for a minority stake in leading Anglo-French swaps clearing house LCH.Clearnet. The bid forms part of Nasdaq’s strategy to expand beyond the US, the company said. Nasdaq CEO Robert Greinfeld spoke to journalists at the Federation of European Securities Exchanges conference in Athens, saying:…
