Erik Larsen

Turkey’s Cukurova Said Seeking $3 Billion to Repay Fridman

Cukurova Holding AS, owned by Turkish billionaire Mehmet Emin Karamehmet, increased to as much as $3 billion the funds it’s seeking to repay Mikhail Fridman’s Alfa Group, two people with knowledge of the matter said.

Standard Bank Names Coupland, Buncombe Heads of Commodities

Standard Bank Plc named Jim Coupland and Mark Buncombe global co-heads of commodities, replacing Bruce Garner, who left in November.

Standard Bank Outshone by Smallest of ‘Big Four’ on Growth

Standard Bank Group Ltd., Africa’s largest bank, is falling behind the smallest of South Africa’s so-called big four, Nedbank Group Ltd., after its failed attempt to expand in emerging markets eroded profit margins.

Mercuria Said to Hire Standard Bank’s Harrison as Copper Trader

Mercuria Energy Trading SA hired Mike Harrison as a copper trader, three people with direct knowledge of the matter said.

Standard Bank, MTN Have Court Date in Supplier’s Patent Dispute

Standard Bank Group Ltd. and MTN Group Ltd. are scheduled to go to South Africa’s second-highest court on Aug. 1 to defend themselves in a technology supplier’s lawsuit over a credit-card security feature.

Anheuser-Busch, Lilly, Rovi Corp., Google, Facebook: Intellectual Property

Anheuser-Busch Inc., the maker of Budweiser Beer, sued the International Brotherhood of Teamsters and one of its local chapters for trademark infringement and disparagement.

Nigeria Central Bank's Sanusi Says Investors Have Bid for Bailed-Out Banks

Central Bank of Nigeria Governor Lamido Sanusi said interested investors submitted bids for distressed Nigerian lenders ahead of a July 31 deadline.

Standard Bank Plans to Complete Argentine Deal in Two Months

Standard Bank Group Ltd., which expected to close the sale of a stake in its Argentine unit to Industrial & Commercial Bank of China Ltd. by June, said the deal will close within the next two months.

Standard Bank Says Share Buyback Not an Immediate Intention

Standard Bank Group Ltd. is not planning an immediate buyback of shares, Erik Larsen, the bank’s spokesman, said in a telephone interview from Johannesburg today.

Standard Bank Says Zimbabwean Unit in Talks on Black Partner

Standard Bank Group Ltd. is negotiating with the Zimbabwean government to bring in a black partner for its unit in the country, Erik Larsen, the lender’s spokesman, said by phone from Johannesburg today.

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Facebook IPO Investor Scam Leads to Arrest of Three Men

S&P 500 Rises on U.S. Optimism While Metals Fall on China