Matthew Clark News
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Gaelectric Holdings Plc, a Dublin- based renewable energy developer, received $84 million in loans to build wind farms in Ireland.
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Punch Taverns Plc is considering selling its 50 percent share of drinks wholesaler Matthew Clark, which could raise as much as 60 million pounds, the Sunday Times said, without saying where it obtained the information.
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Morgan Stanley hired two bankers for its European leveraged credit sales team.
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For Josef Ackermann, head of Germany’s biggest bank, the World Economic Forum is a curtain call for the top power broker of an industry under attack.
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UBS AG and Credit Suisse Group AG, Switzerland’s biggest banks, may be poised for further job cuts as sluggish client activity and the appreciation of the Swiss franc weigh on earnings.
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Commerzbank AG jumped the most in more than two months in Frankfurt after Germany’s second-largest lender said it’s more than halfway to its goal of raising capital, and can do so without asking for state aid.
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Julius Baer Group Ltd. and EFG International AG are among the Swiss private banks struggling to contain costs as a record-breaking currency, which gives the Alpine nation safe-haven appeal, erodes earnings.
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Deutsche Bank AG is likely to risk the pitfalls of dual chiefs to keep investment-banking head Anshu Jain while allaying doubts in Germany about his ability to fulfill the political role of leading the nation’s biggest bank.
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Punch Taverns Plc, the owner of more than 4,500 U.K. pubs, gained for a fifth day in London trading as Cerberus Capital Management LP bought Admiral Taverns Ltd. from Lloyds Banking Group Plc.
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Sergio Ermotti won over UBS AG’s board to get the chief executive officer post. Now he has to convince investors that the fifth reorganization of the firm’s investment bank in six years will succeed.
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