Financial Services & Real Estate Headlines

Exclusive: JPMorgan's proposed $4.5 billion deal to be accepted for most trusts

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NEW YORK - Trustees representing investors in JPMorgan Chase & Co's $4.5 billion settlement over money-losing mortgage-backed securities are expected to accept the bank's proposal for the vast majority of their trusts, according to a person familiar with the matter.

Thu, Jul 31 2014

Two U.S. home loan banks in talks on merger

- The Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle said on Thursday they had entered into an exclusive arrangement on a potential merger.

31 Jul 2014

GE credit card unit Synchrony makes muted debut on NYSE

- General Electric Co's credit card unit, Synchrony Financial , made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.

31 Jul 2014

BES edges closer to state aid as investors baulk at losses

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LISBON/LONDON - Banco Espirito Santo's hopes of raising capital without taking state aid suffered a major blow on Thursday as investors took fright at massive losses and revelations of potential illegal activity at Portugal's largest listed bank.

31 Jul 2014

Wed, Jul 30 2014

Exclusive: Cuomo intervened in BNP deal to get $1 billion more for NY state fund

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- Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.

30 Jul 2014

GE credit card unit Synchrony Financial prices IPO at $23 per share

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- General Electric Co's credit card unit, Synchrony Financial , raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.

30 Jul 2014

Exclusive: Cuomo intervened in BNP deal to get $1 billion more for NY state fund

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- Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.

30 Jul 2014

Solar power clouds Australia's $10 billion sale of 'poles and wires'

SYDNEY - Sun-drenched Australia's growing love of solar power is casting a long shadow over its biggest privatisation in two decades and the second-biggest sale ever of a state asset.

30 Jul 2014

NQ Mobile says gets buyout offer from Bison Capital

- Chinese mobile security software maker NQ Mobile Inc said it received a buyout offer from investment firm Bison Capital Holding Co for about $490 million.

30 Jul 2014

Exclusive - Insurer Phoenix Companies hires banks for sale: sources

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NEW YORK - Troubled life insurer and annuity provider The Phoenix Companies Inc has hired investment banks Goldman Sachs Group Inc and Sandler O'Neill and Partners to explore a sale, according to people familiar with the matter.

30 Jul 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.