Corporate Finance Balance Sheets

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  • *Bank sold stakes in units worth 1.1 billion euros this week. Italy's biggest bank by assets said on Monday it would conduct a strategic review of all its assets under new Chief Executive Jean-Pierre Mustier to try to improve profitability and its capital position. "We have to look at a capital increase because I don't believe that the European Central Bank will...

  • *GRAPHIC- Major UK property funds http://reut.rs/29ig4Lf. Henderson Global Investors, part of Henderson Group, said on Wednesday it had temporarily suspended trading in its 3.9 billion pound UK Property PAIF and PAIF feeder funds due to "exceptional liquidity pressures" given uncertainty after the Brexit vote and the other suspensions.

  • *GRAPHIC- Major UK property funds http://reut.rs/29ig4Lf. Henderson Global Investors, part of Henderson Group, said on Wednesday it had temporarily suspended trading in its 3.9 billion pound UK Property PAIF and PAIF feeder funds due to "exceptional liquidity pressures" given uncertainty after the Brexit vote and the other suspensions.

  • *GRAPHIC- Major UK property funds http://reut.rs/29ig4Lf. Henderson Global Investors, part of Henderson Group, said on Wednesday it had temporarily suspended trading in its 3.9 billion pound UK Property PAIF and PAIF feeder funds due to "exceptional liquidity pressures" given uncertainty after the Brexit vote and the other suspensions.

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit appointed French investment banker Jean-Pierre Mustier as its chief executive on Thursday, a choice that is likely to lead to a multi-billion euro capital increase and asset sales to boost the bank's financial strength. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, UniCredit...

  • MILAN, June 30- UniCredit on Thursday appointed French investment banker Jean-Pierre Mustier as its new chief executive, sources said, a choice that is likely to lead to asset sales to boost the bank's capital. The board of Italy's biggest bank by assets unanimously backed Mustier at an extraordinary meeting, three sources said, ending the uncertainty that...

  • CALGARY, Alberta, June 23- New rules from Alberta's energy regulator determining which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive said on Thursday. Penn West announced in June it was selling its core Saskatchewan assets for C $975 million to Teine Energy.

  • June 1- Japan's SoftBank Group Corp is not planning to use any of the funds raised from a recent sale of Alibaba Group Holding Ltd shares to buy assets put up for sale by Yahoo Inc, SoftBank President Nikesh Arora said on Wednesday. "We intend to use the capital proceeds to manage our leverage and our balance sheet, which does not include expanding and buying things in...

  • *Yusuf Alireza moving on after transformation- company. SINGAPORE, May 30- Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza on Monday and said it planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence. It appointed senior executives William Randall and Jeff Frase as...

  • Verizon Yahoo

    Verizon is working on its bid for Yahoo's core assets with an investment bank which was, as recently as last year, one of the company's top advisers.

  • TOKYO, May 27- The Bank of Japan's earnings fell 59.3 percent in fiscal 2015 from the previous year, the first decline in five years, as gains in the yen reduced earnings on its foreign-currency denominated assets. The BOJ had 411 billion yen in net income in the fiscal year that ended in March, a statement showed on Friday. The amount of Japanese government debt on the...

  • NEW YORK/ SAN FRANCISCO, May 26- Verizon Communications Inc is working on its bid for Yahoo Inc's core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the matter said. The bank was listed as its lead adviser last year on a plan to spin off its 15 percent stake in China's e-commerce...

  • MADRID, May 26- Banco Popular triggered renewed concerns over the health of Spanish banks on Thursday with plans for its second 2.5 billion euro capital increase in less than four years to cope with toxic real estate assets. Spain's banks reduced their balance sheets after a property bubble burst at the end of 2008, but doubts remain about their profitability,...

  • ASTANA, May 26- Kazakh sovereign wealth fund Samruk-Kazyna plans to raise more than $6 billion from privatization over the next five years, using the proceeds to help its companies to repay its debt, the fund's managing director told Reuters on Thursday. "The balance sheet value of those assets is between $6.0- 7.3 billion at the current exchange rate," Berik...

  • KAZAKH SOVEREIGN FUND TO SELL ASSETS WITH BALANCE SHEET VALUE OF OVER $6 BLN WITHIN FIVE YEARS- EXECUTIVE.

  • May 18- The United States is considering whether to reign in a subsidy on coal mine cleanup costs and in so doing shield taxpayers from those liabilities, a leading regulator for the mining industry said on Wednesday. Environmentalists have warned officials that coal-producing states in the west left the self-bonding program open to abuse and the Office of...

  • BRASILIA, May 18- Brazil's central bank has placed nine banks under "special surveillance" and is closely monitoring the liquidity and stability of their operations, according to an undated internal bank document reviewed by Reuters. The document, labeled as a presentation prepared for a May 19 meeting of the central bank's financial stability committee,...

  • SHANGHAI, May 18- China is stepping up its crackdown on risky shadow banking with plans to rein in explosive growth of fund houses' subsidiaries- a $1.5 trillion business widely used by banks to move their loans off balance sheet to skirt regulatory oversight. The Asset Management Association of China will raise the thresholds for fund houses to establish...