Tuesday, 16 September 2014
Last updated 2 hours ago
Mar 11 2014 | 8:42am ET
HSBC hopes to unload as much as €2 billion in private-equity investments as it moves to comply with new U.S. and European banking rules.
The bank has hired Campbell Lutyens to sell the p.e. holdings on the secondary market, Financial News reports. The stakes for sale account for all of HSBC's remaining private-equity investments.
HSBC is among the last major European banks to divest itself of its p.e. investments, a step required both by the U.S. Volcker rule and the new Basel III regulations in the European Union. The bank has until July of next year to come into compliance with the former.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?