Monday, 27 April 2015
Last updated 9 min 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.
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…