Saturday, 1 November 2014
Last updated 18 hours ago
Mar 8 2010 | 4:10am ET
Credit Suisse is still likely to buy Fortis Bank Nederland’s prime brokerage unit, but a deal could take several more months, the latter said.
“We’re still in exclusive talks and Credit Suisse has started with the due diligence process,” Fortis Bank CEO Jan van Rutte said.
But, he added, “I don’t expect a deal will be reached within two to three months.”
Credit Suisse in December said it was in exclusive negotiations to buy Fortis’ Prime Solutions business, which boasts 600 employees spread across offices in Ireland, Luxembourg, the Isle of Man, Amsterdam, the Cayman Islands, Curacao, Hong Kong, Singapore, Geneva, London, New York, Boston and Tokyo.
Van Rutte did not indicate how much Credit Suisse might pay for the business.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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