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Investment banks absent in Heinz-Kraft deal

2015-03-27 05:34:06| Food - Topix.net

As they worked on a deal to create the third-largest food and beverage company, H.J. Heinz and Kraft Foods Group tapped just one financial adviser each: Lazard Ltd. and Centerview Partners. The $46 billion merger is the largest in at least a decade to exclude every so-called bulge-bracket firm, big banks such Goldman Sachs Group or Morgan Stanley that dominate the market for M&A advice.

Tags: deal investment banks absent

Banks must review impact of closures

2015-03-26 01:16:01| BBC News | Business | UK Edition

Banks must investigate alternative arrangements for customers before closing the last bank in town, under a new agreement.

Tags: review impact banks closures

Christopher & Banks returns to profit in Q4

2015-03-25 11:46:00| Daily apparel & textile news and comment - from just-style.com

US women's wear retailer Christopher & Banks has said it will continue to execute on its strategic initiatives, after returning to profit during the fourth quarter, despite a challenging and promotional trading environment.

Tags: returns profit banks christopher

Banks remain under pressure to clean up advice arms

2015-03-24 22:05:49| Automakers - Topix.net

Commonwealth Bank of Australia, National Australia Bank, ANZ Banking Group, as well as Macquarie Group have all been hit by scandals over the past 12 months. The boss of Australia's big bank lobby group has defended his industry's stranglehold over the financial planning industry amid claims a consumer backlash is underway that could provide a boon for family-owned advisory firms.

Tags: advice remain pressure clean