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RBS Sells Some Asian Assets to ANZ for $550 Million The Royal Bank of Scotland sold Asian assets to Australia and New Zealand banking group on Tuesday for $550 million, helping the British lender to raise cash. International Herald TribuneUPDATE 1-Deals of the day -- mergers and acquisitions (Adds Standard Chartered Bank, Heritage Oil, others; updates Australia and New Zealand banking group, HSBC) ReutersMoss, Willis set up Moss Capital FORMER Macquarie Group executive Bill Moss has launched Moss Capital, an advisory and investment firm, with Glenn Willis. The AustralianAfter Hours: Principal Financial shares slip in late trades Principal Financial Group shares slipped Monday evening after the company's quarterly revenue came in below the expectations of Wall Street analysts, while shares of Pulte Homes Inc. Topix.netAustralia Police Raid Terror Suspects Police in Australia said several members of a Melbourne group are in custody for allegedly plotting terror attacks. Wall Street JournalANZ buys slate of Asian businesses from RBS Australia and New Zealand banking group reaches a deal to buy select Asian banking businesses from Royal Bank of Scotland for about $550 million as part a strategy to expand its regional footprint. Market WatchAustralia holds four over suspected terror plot Police have arrested four men linked to a Somali militant group in connection with allegedly planning a suicide attack with automatic weapons on an Australian military base FTAbout As Close As Venture Capital Comes To A Ponzi Scheme Two groups of investors allegedly stole millions of dollars from people as they were creating venture capital funds, according to the Securities and Exchange Commission. Considering that venture capital is a long-term investment strategy that usually takes years to reap a return, this would be one terrible Ponzi scheme. But these aren't your typical venture capitalists. WSJJohn Menzies adds 500 staff on sale of rival Dawson LOGISTICS group John Menzies took 500 staff on to its payroll yesterday, after the news distribution business of rival Dawson was placed into administration and sold. ScotsmanAIG names former MetLife head as chief executive American International Group has filled one of the hottest seats in corporate America, naming Robert Benmosche, a former head of rival insurer MetLife, as chief executive FT1 2 |
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