Investment Bank

Investment bank hired by Yahoo to sell about 3,000 patents

Yahoo Inc has hired boutique investment bank Black Stone IP LLC to sell about 3,000 of the internet company's patents, the Wall Street Journal reported, citing people familiar with the matter.

$3 billion bid to be submitted by Verizon for Yahoo's internet business according to reports

Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc's core internet business, the Wall Street Journal reported, citing people familiar with the matter.

Verizon turns to former Yahoo bankers for bid: Report

Verizon Communications Inc is working on its bid for Yahoo Inc's core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the matter said.

HSBC to cut 50,000 more jobs, shrink investment bank division

25,000 staff to be reduced from Brazil and Turkey units and another 22,000-25,000 by consolidating IT and back office operations

Positive signs: Is the economy nearing a U-turn to better times?

There's a flurry of activity on Deal Street and positive signs from New Delhi. Are we finally heading back on track?

Downgrade: Murder probe creates overhang on IRB Infra, says Goldman

Goldman Sachs downgraded IRB Infrastructure Developers to "neutral" from "buy" and lowered its sum-of-the-parts target price to Rs 136 from Rs 184.

Guess who is offering this IIM-Indore student Rs 53 lakh?

The second highest offer came in at Rs 32 lakh.

MF Global nears asset sale, bankruptcy for holding firm

As per a tentative plan, MF Global's holding company would file for bankruptcy protection and derivatives trader Interactive Brokers would buy the assets.

UBS shows Gruebel the exit door, Ermotti new CEO

The board has asked the management to accelerate an overhaul of the investment bank already under way "concentrating on advisory, capital markets, and client flow and solutions businesses".<br /><br /> <br /><br />

UBS board meets to consider fate of crisis-hit investment bank

The crisis has left Gruebel facing not only strategic issues, such as whether the bank should stick to its safer core wealth management business, but also concern about his management team and lax risk supervision.