Banks Buying Treasuries Help Keep Interest Rates Low Amid Lending Drought Banks are increasing purchases of U.S. government securities to pump up profits while lending to businesses languishes near the lowest levels since credit markets started to freeze almost three years ago.
Warburg, Silver Lake Said to Near Purchase of Pearson’s Interactive Data Private-equity firms Warburg Pincus LLC and Silver Lake are near an agreement to buy Pearson Plc’s Interactive Data Corp., a provider of financial market data and services, for about $3.1 billion, a person with knowledge of the transaction said.
Junk Bond Sales Set Record as Spreads Show Investor Doubts: Credit Markets Companies sold $33.7 billion of junk bonds in April, a record for the month, with borrowers rushing to issue before investors pull back from the riskiest securities.
Prudential’s Top Shareholder Uses `Velvet Glove’ to Seek Corporate Change Prudential Plc’s largest stakeholder, Capital Group Cos., rarely makes a concerted push to influence corporate management. When it does, the world’s biggest equity mutual-fund manager can be a force.
Northwest Doubles Asian Assets Since Gaining Independence From RAB in 2009 Northwest Investment Management Ltd. has doubled its assets since the Hong Kong-based hedge-fund manager was sold last year by RAB Capital Plc, which lost money in 2008 on a Northern Rock Plc bet.
Buffett Says Goldman is Counterparty on Derivative That Turned Against Him Warren Buffett said Goldman Sachs Group Inc. is among the counterparties on derivative trades that contributed last year to a first-quarter loss at his Berkshire Hathaway Inc.
Asia Sovereign Credit Risk Index to Start as Government Debt Focus Grows Asia’s newest bond risk benchmark and only purely sovereign index begins trading tomorrow as European credit downgrades sharpen investor focus on government debt.
Swire Properties Seeks to Raise $2.7 Billion in Global Initial Share Sale Swire Properties Ltd., landlord to Time Warner Inc. and Societe Generale in Hong Kong, seeks to raise as much as HK$20.8 billion ($2.7 billion) in what would be the city’s largest initial public offering since 2007.