Peter Mckillop News
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UBS AG’s Ehren Stenzler, the co- head of U.S. mergers and acquisitions, is leaving the bank, one day after the resignation of Aryeh Bourkoff, the head of investment banking for the Americas.
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Bank of America Corp. may face billions of dollars more in liability for faulty mortgages if a judge agrees with insurer MBIA Inc. that the lender must buy back loans even if the errors didn’t cause a borrower’s default.
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Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the Fed will probably need to raise interest rates before mid-2013 and that policy makers should have waited to see how the economy performed before pledging to hold rates at record lows for two years.
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KKR & Co.’s head of Middle East and North Africa, Makram Azar , resigned from the firm, Peter McKillop , a spokesman for the New York-based firm said in an e- mail.
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Brookfield Office Properties Inc. sold a 40-story building in Boston for $610 million as it seeks to reinvest capital in properties with growth potential.
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UBS AG senior bankers are heading to Pebble Beach for a golf tournament with clients as a division of the firm draws criticism after a $2.3 billion trading loss, according to a person familiar with the event.
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National Pension Service , South Korea’s biggest state fund, has bought Chevron Corp. ’s stake in Colonial Pipeline Co. in partnership with Kohlberg Kravis Roberts & Co. to diversify its investment portfolio.
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The trustee liquidating Bernard Madoff’s firm amended his lawsuit seeking $2 billion from UBS AG, claiming the Swiss bank misled regulators in the U.S. and Luxembourg to help hide Madoff’s Ponzi scheme.
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A Delaware judge’s public rebuke of Barclays Plc over conflicts of interest in the sale of Del Monte Foods Co. may become a calling card for boutique advisory firms such as Rothschild and Greenhill & Co.
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KKR & Co. and Bain Capital LLC, which earned billions of dollars buying and selling companies, are facing a 25 percent discount in the initial public offering of NXP Semiconductors NV after three years of losses.
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