Tuesday, 22 July 2014
Last updated 2 hours ago
Aug 31 2011 | 1:47pm ET
The US$3 billion hedge fund set up last year by Singapore's sovereign wealth fund joined its parent in a consortium to buy half of Bank of America's stake in China Construction Bank.
Seatown Holdings and Temasek Holdings were part of a group that included Chinese buyers. Temasek, Singapore's massive sovereign fund, already owned about 6.4% of CCB before the deal.
BofA sold 5% of CCB on Monday for about US$8.3 billion.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…