Sunday, 24 May 2015
Last updated 1 day ago
Nov 22 2010 | 9:30am ET
Credit Suisse will have to wait a little longer to get its hands on Fortis Bank Nederland's prime brokerage unit.
The sale of Prime Fund Solutions, which was agreed to in May, had been expected to close by the end of this year. But now the deal will not be finalized until the first quarter, according to ABN Amro, which is merging with the nationalized Fortis.
"The transfer of clients has proven more complex than previously estimated," Jan van Rutte, ABN Amro's chief financial officer said. "But the deal will go through."
Terms of that deal have not been disclosed. PFS has some 600 employees in 13 offices around the world.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…