Swedbank, one of Swedenâ??s biggest banks, on Friday reported worse-than-expected second quarter losses and announced plans to cut 16 per cent of its workforce, amid spiralling losses in the troubled Baltic states.
Terra Firma plans bond issue to pay EMI debt (Headlines)
Blackstone is advising its rival Terra Firma on a plan to issue high-yield bonds to repay Citigroupâ??s £2.6bn of loans to music group EMI, one of the US bankâ??s biggest single exposures.
U.S. marshals seized the luxury $7m New York City penthouse apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth, officials said on Thursday.
Sweden marked the first day of its six-month European Union presidency on Wednesday by coming to the defence of hedge funds and private equity, promising to press for improvements in EU proposals for tougher regulation of both groups.