European stocks climbed for a third straight week after the Federal Reserve unexpectedly refrained from reducing its monthly bond purchases and Lawrence H. Summers withdrew from consideration as chairman of the central bank.
Royal Bank of Scotland Group Plc said a group headed by private-equity firms Corsair Capital LLC and Centerbridge Partners LP is the preferred investor ahead of a planned initial public offering of its 314 branches.
A group headed by private-equity firms Corsair Capital LLC and Centerbridge Partners LP is in the lead to buy the 316 Royal Bank of Scotland Group Plc outlets, said a person with knowledge of the discussions.
Corporate borrowing costs dropped from the highest in almost a year in Europe and credit risk fell in the U.S. before Verizon Communications Inc. meets investors to arrange what may be the biggest bond sale in history.
Russia is raising $6 billion of bonds in dollars and its first notes in euros, seizing on improved investor sentiment before the Federal Reserve meeting that may mark the start of a tapering in stimulus measures.
Richard House, London-based head of emerging-market debt at Threadneedle Asset Management Ltd., which oversees $97 billion, said he recommends Venezuelan dollar bonds and Brazil’s local-currency debt. He spoke in a briefing in Hong Kong today.
David Ader survived a heart attack in a jet over the Atlantic, missed a chance to work at the CIA thanks to his friend the international spy, changed jobs during the worst financial crisis in a lifetime and helped upstart CRT Capital Group LLC almost double revenue in two years.