Federal regulators on Monday filed civil fraud charges against Thomas Priore and ICP Asset Management in connection with complex securities tied to mortgages.
Youth fashion retailer Republic has been bought by private equity group TPG for £300m. TPG is financing the purchase entirely with equity from its $18bn global buy-out fund in one of the smallest deals the San-Francisco-based group has ever done in Europe.
China announces further reform of the RMB Exchange Rate Regime (Press Releases)
In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People´s Bank of China has decided to proceed further with reform of the RMB exchange rate regime and to enhance the RMB exchange rate flexibility.