Eike Batista’s OGX Petroleo e Gas Participacoes SA is close to a deal with creditors to obtain fresh funds and to convert debt into equity, according to two people with direct knowledge of the matter.
Justin Oliver, former head of institutional equity sales at Fraser Mackenzie Ltd., joined Bank of Montreal as vice president of institutional sales, exchange traded funds, according to Vlaad & Co., a Toronto-based financial services recruiting firm.
Billionaire Alvaro Saieh hired Goldman Sachs Group Inc. and Bank of America Corp. to sell a controlling stake in Corpbanca, according to two people familiar with the matter.
John Cokinos, Bank of America Corp.’s head of U.S. leveraged finance capital markets, has left the company, said a person with direct knowledge of the departure.
Eike Batista’s two companies’ bankruptcy-protection requests will be analyzed jointly and by the same judge and court in Rio de Janeiro, according to two people familiar with the matter.
Former Florida Governor Jeb Bush told top Wall Street executives today that new banking regulations are stifling economic growth by crimping firms’ ability to lend money and raise capital.
Morgan Stanley, the investment bank that’s shrinking its fixed-income unit, lost money from trading on seven days in the third quarter, down from eight a year earlier.
Grupo BTG Pactual, Brazil’s biggest merger adviser, said third-quarter profit fell 6 percent, missing analysts’ estimates, as revenue from principal investments dropped.
OSX Brasil SA, the shipbuilder controlled by former billionaire Eike Batista, is planning to file for bankruptcy protection by early next week, according to two people familiar with the matter.