Carlyle Group, Blackstone Group LP and TPG are leading a group of bidders in talks to buy Bank of America Corp.â??s First Republic Bank, the San Francisco-based bank that caters to wealthy individuals.
U.S. bill introduced to regulate hedge fund advisers (Headlines)
A bill was introduced in the U.S. Senate on Tuesday that would require advisers of hedge funds, private equity, venture capital funds and other private investment pools to register with the Securities and Exchange Commission.
Eurozone banks face additional losses of more than $283bn this year and next as continental Europeâ??s severe recession intensifies strains on its financial sector, the European Central Bank has warned.