CSFB is said to be returning to India's securities market after more than four years away. The firm was banned from the market in 2001 for its alleged role in a price-fixing scandal. Mumbai's benchmark Sensex index has increased 34% this year, making it one of the world's best-performing stock indices.
A German court last week ruled that Deutsche Bank's maximum liability for the actions of former boss Rolf Breuer in the Kirch case is likely to be in the region of $590m, instead of the $5.9bn Kirch originally sought. It was around four years ago when Breuer uttered controversial remarks about Kirch during a Bloomberg TV interview, which, so it is claimed, helped cause the demise of the business.
US students are being urged by black campaigners to boycott JP Morgan Chase as, so they say, the bank 'amassed enormous wealth off the back of enslaved Africans. It owes us restitution, but refuses to pay'. Predecessor organisations of the US bank owned around 1,250 slaves, and accepted 13,000 more as collateral for loans in the early-to-mid 1800s.
Macquarie Bank, currently hitting the headlines because of its audacious bid for The London Stock Exchange, is thought to have made approaches to two UK stockbrokers about a possible takeover deal. The Australia Bank is said to have made a low bid for Bridgewell, which was kicked back, and is also thought to have approached Collins Stewart Tullett about acquiring parts of the business.
Merrill Lynch has paid $500m to gain a controlling stake in DSP Merrill Lynch, its Indian investment banking joint venture. The Wall Street firm has now increased its stake from 40% to 90%.
Finally, NM Rothschild is said to be bagging a $50m fee for handling the sale of BNFL's American nuclear business, Westinghouse. Final bids are due in for the unit later this week.
Have something to tell us about this article?