Corporate Finance

06 Oct

Overnight Commercial Paper Rates Rise as Bank Bailouts Spread

Posted by cahn in Capital Markets, Corporate Finance, Finance, US

It's now corporates' turn.

By Alan Goldstein and John Detrixhe

Oct. 6 (Bloomberg) -- Corporate short-term borrowing rates soared as bank bailouts spread through Europe and the Federal Reserve committed to doubling its auctions of cash to banks to as much as $900 billion to unfreeze short-term lending.

04 Oct

Lehman Cash Crunch Caused by Lender JPMorgan, Creditors Say

Posted by cahn in Capital Markets, Corporate Finance, Finance, US

By Linda Sandler and Jeff St.Onge

Oct. 4 (Bloomberg) -- Lehman Brothers Holdings Inc.'s main lender and clearing agent, JPMorgan Chase & Co., caused the liquidity crisis that led to Lehman's collapse, creditors said.

18 Oct

Citic in talks to buy Bear stake

Posted by cahn in Asia, Capital Markets, China, Corporate Finance, Derivatives, Finance, Hybrids, Mortgage

Citic in talks to buy Bear stake - China's Citic Bank is in talks to take a stake in Bear Stearns, a senior Communist party official has revealed [Financial Times - Financial Services]

18 Oct

China 'will be most active M&A player'

Posted by cahn in Asia, Capital Markets, China, Corporate Finance, Finance

China 'will be most active M&A player' - Chinese companies are set to be Asia's most acquisitive in the US or Europe next year, according to a survey of the region's dealmakers [Financial Times - Asia Pacific]

02 Oct

KDB fund to aid S Korea's global growth

Posted by cahn in Asia, Capital Markets, Corporate Finance, Finance, Korea

KDB fund to aid S Korea's global growth - Korea Development Bank, the state lender, is about to launch a $1bn private equity fund to help South Korean companies expand overseas, the latest in a series of government initiatives aimed at encouraging local business to go global [Financial Times - Asia Pacific]