Sunday, 3 May 2015
Last updated 1 day ago
Apr 29 2013 | 3:09pm ET
A pair of private equity firms is moving towards a deal for a piece of Banco Santander's asset management business.
General Atlantic and Warburg Pincus are in exclusive talks with Spain's biggest bank about the purchase of a minority stake in the unit, which has more than €160 billion in assets under management. The discussions are at an advanced stage, Reuters reports.
It is unclear when the exclusivity period expires.
Santander has been working to build or sell its asset management business for years.
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…