WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2011 FINANCIAL TIMES NOMURA STEPS UP ASSET SALE PLANS Nomura has approached big private equity firms about the possible sale of domestic businesses, including its real estate arm, as the Japanese bank moves to shore up its capital buffers. Several people familiar with the preliminary talks with parties including KKR and TPG said the bank was [...]
New York brings BNY Mellon suit October 4, 2011 NEW YORK’S attorney general said yesterday he has filed a lawsuit against Bank of New York Mellon for defrauding clients in foreign currency exchange transactions. Eric Schneiderman said BNY Mellon misrepresented to customers the rates for foreign currency transactions over a 10-year period. He said he is seeking a nationwide recovery of nearly $2bn. New [...]
Del Monte and BarCap settle October 6, 2011 DEL Monte and its financial adviser Barclays Capital yesterday agreed to pay $89.4m (£57.9m) to settle a lawsuit that claimed they had not acted in investors’ best interests in the food company’s $4bn buy-out last year. Investors claimed that Barclays, which advised Del Monte on its sale to a private equity group led by KKR, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2011 FINANCIAL TIMES FRANCE WARNS OVER EURO CRISIS France has warned that European unity would be at risk if Eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend. President Nicolas Sarkozy said leaders will take “very important decisions in the coming days” and said the destruction [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2011 FINANCIAL TIMES FRANCE WARNS OVER EURO CRISIS France has warned that European unity would be at risk if Eurozone leaders failed to take bold action to tackle its sovereign debt crisis at a crucial summit this weekend. President Nicolas Sarkozy said leaders will take “very important decisions in the coming days” and said the destruction [...]
Porsche rebuffs new US lawsuit March 16, 2011 PORSCHE has brushed off a new lawsuit filed against the German sports car maker by hedge funds in the US. Several New York hedge funds, including some that failed in a similar suit against Porsche last year, have filed a new lawsuit accusing the carmaker of causing more than $1bn (£624m) of losses by cornering [...]
Some Madoff claims thrown out September 27, 2011 A US judge yesterday narrowed a $1bn lawsuit against owners of the New York Mets baseball team by the trustee seeking money for victims of Bernard Madoff’s epic fraud. Manhattan District Judge Jed Rakoff dismissed nine of 11 counts raised in trustee Irving Picard’s 373-page complaint against the Mets owners. But he said the trustee [...]
BP puts $15bn more assets on the block October 25, 2011 BP has reached “a definite turning point” since last year’s Gulf of Mexico disaster, its chief executive said yesterday as he announced plans to expand its disposal programme to $45bn (£28bn), double its cash flow, and boost returns to shareholders. Chief executive Bob Dudley said the oil major would sell-off a further $15bn in assets [...]
CITY SNAPS UP FLATS IN DELAUNAY NEIGHBOUR December 6, 2011 NO PRIZES for guessing who was first through the doors of The Delaunay: restaurant reviewer AA Gill, who was yesterday spotted having breakfast with the new brasserie’s co-owner Jeremy King. Of course, Gill was followed closely by The Capitalist, who caught up with King as he studied the architects’ plans for his next opening Brasserie [...]
CITY SNAPS UP FLATS IN DELAUNAY NEIGHBOUR December 6, 2011 NO PRIZES for guessing who was first through the doors of The Delaunay: restaurant reviewer AA Gill, who was yesterday spotted having breakfast with the new brasserie’s co-owner Jeremy King. Of course, Gill was followed closely by The Capitalist, who caught up with King as he studied the architects’ plans for his next opening Brasserie [...]