In an announcement Natixis confirmed that BPCE would cover roughly ?35bn of its risky assets, through a guarantee that would ??remove the volatility of these assets?? results, allowing Natixis to focus on its new strategic direction?.
Ben Bernanke is to be reappointed by President Barack Obama for a second four-year term as chairman of the Federal Reserve, according to White House officials.
FSA commisions study on EU draft regulation (Fund News)
Britain's Financial Services Authority has commissioned a cost study of a draft European Union law on the regulation of alternative investment managers, according to Reuters.
The Wall Street Journal reported on Friday that Cerberus Capital Management's core hedge funds clients have opted to withdraw the majority of the money in the funds.