Bain Capital eyeing financial services in Middle East (from 2010)
Posted by admin / Under Financial History Of The Dutch Republic
U.S. private equity firm Bain Capital LLC is looking at investing in financial services companies in the Middle East, particularly in Saudi Arabia, a senior executive at the fund said on Tuesday. “It’s fair to say there are some opportunities in financial services in the Middle Eastern region we’ve looked at and we’ll continue to look at,” Steve Pagliuca, managing director at Bain Capital, told Reuters on the sidelines of a private equity conference. Bain Capital and Advent International recently agreed to buy the global merchant services business, which includes the payment business Worldpay, from Royal Bank of Scotland for...
Published on Tuesday 7th of February 2012 06:28:16 AM
Bam! Bam! Bam! Huge Financial Bombs Just Got Dropped All Over Europe
Posted by admin / Under Financial History Of The Dutch Republic
The European debt crisis has just gone to an entirely new level. Just when it seemed like things may be stabilizing somewhat, we get news of huge financial bombs being dropped all over Europe. Very shortly after U.S. financial markets closed on Friday, S&P announced credit downgrades for nine European nations. This included both France and Austria losing their cherished AAA credit ratings. When the credit rating of a country gets slashed, that is a signal to investors that they should start demanding higher interest rates when they invest in the debt of that nation. Over the past year it...
Published on Tuesday 7th of February 2012 06:28:16 AM
Ann Barnhardt: I'm Calling For A General Financial Market Strike
Posted by admin / Under Financial History Of The Dutch Republic
I have received a few emails asking if I was still content with my decision to shut down my brokerage. Not only am I content, but after seeing the news that broke over the weekend, I am of the considered opinion that the entire financial blogging community should formally call for a general financial market strike. And I’m not kidding. A couple of things have happened regarding the MF Global mess that I don’t think got the attention they should have because they broke over the weekend. So let me fill you all in. First, all notions of personal property...
Published on Tuesday 7th of February 2012 06:28:16 AM
Probe into Florida A&M (band) death uncovers possible 'financial irregularities'
Posted by admin / Under Financial History Of The Dutch Republic
Probe into Florida A&M death uncovers possible 'financial irregularities'By the CNN Wire Staff updated 5:41 AM EST, Thu December 15, 2011 **SNIP** "It became apparent (from) some of the people that we interviewed (that) the financial irregularities had to do with the band travels and other sports and administrative components of the university," he said. "To say it's systemic would be premature, but I will say again, it's not just isolated to this one program (band) that we're primarily dealing with today," Bailey told CNN. His department sent letters Tuesday to the heads of the university board and the state...
Published on Tuesday 7th of February 2012 06:28:16 AM
Jim Sinclair - Why Financial System is Imploding & What to Do
Posted by admin / Under Financial History Of The Dutch Republic
With growing fears about the stability of the financial system, today King World News interviewed legendary Jim Sinclair. When asked about the ongoing crisis, Sinclair stated, “Well, the story this morning is we have it but we’re not going to spend it. We are not going to buy our own bonds, we’re not going to cap the rates, but we have it and we might use it. It’s like that every day. Those guys can’t get their story together for more than fifteen minutes. The ECB has the availability of funds for some activities in the euro bond market. They...
Published on Tuesday 7th of February 2012 06:28:16 AM
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