Exclusive: Breitling Oil & Gas eyes IPO in $200-$400 million range
NEW YORK (Reuters) – Breitling Oil & Gas, which manages oil and natural gas deposits in North Dakota and Oklahoma, is considering an initial public offering or other options for late 2013 or early 2014.
French lawmakers quiz ex-HSBC employee who leaked client data
PARIS (Reuters) – A former HSBC employee wanted in Switzerland for leaking the details of tens of thousands of bank accounts gave evidence on Tuesday to French lawmakers trying to tighten rules against tax evasion.
JP Morgan leads Nokia’s 1.2 billion euro acquisition loan: sources
LONDON (Reuters) – JP Morgan is leading the 1.2 billion euro ($1.56 billion) loan backing Finnish mobile handset maker Nokia’s 1.7 billion euro acquisition of Siemens’ 50 percent stake in joint-venture Nokia Siemens Networks (NSN), banking sources said…
Santander’s Botin set to be questioned on MPS on Wednesday: sources
SIENA, Italy (Reuters) – Banco Santander chairman Emilio Botin is set to be questioned as a witness to alleged fraud and corruption at Tuscan lender Banca Monte dei Paschi di Siena (MPS) on Wednesday, sources close the investigation said.
Thomson Reuters to buy FX option business from Tradeweb
LONDON (Reuters) – Thomson Reuters Corp has agreed to buy the foreign exchange options business of Tradeweb Markets for an undisclosed amount, the company said on Tuesday.
JP Morgan disciplined star banker in 2009: court documents
LONDON (Reuters) – Ian Hannam, one of London’s most prominent bankers who is fighting to clear his name after a 2012 fine for market abuse, was disciplined by his bank four years ago over his working practices, according to court documents.
Demand for big pickup trucks fuels June U.S. auto sales
DETROIT (Reuters) – Sales of big, brawny pickup trucks fueled strong demand for new vehicles in the United States in June, driving the industry toward its strongest month since before the recession that drove General Motors Co and Chrysler into bankrup…
Bank of England snubs banks to press on with capital rule
LONDON (Reuters) – Bank of England policymakers said on Tuesday they would press ahead quickly with a new curb on banks’ risk exposure and would not be deflected by industry lobbying against the plan.
IRS claim may force ADT to share Tyco’s tax liabilities
(Reuters) – Security services provider ADT Corp said it may have to contribute to a tax bill faced by former parent Tyco International Ltd if the total amount assessed by the IRS exceeds $1.85 billion.
British regulator warned Co-op about capital shortfall in 2011
LONDON (Reuters) – Britain’s financial regulator warned the Co-operative Bank two years ago that it needed to raise capital and was not in a position to buy hundreds of branches from Lloyds Banking Group.
