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Reuters Business Summary (Reuters via Yahoo! Singapore News) |
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Written by Webmaster
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Monday, 07 July 2008 |
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Postbank sale may fail over target price: report FRANKFURT - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday. Business weekly Wirschaftswoche cited sources close to Germany's Finance Ministry ...
Local lawmaker's son jailed for burglarizing family home, business (The Daily Ardmoreite)
The 18-year-old son of a local state legislator was behind bars Saturday facing at least two burglary charges after being turned over to authorities by his father.
Home Business CIT agrees to sell home lending business (Banking Business Review)
CIT Group, a commercial finance company, has agreed to sell its home lending business, consisting of $9.3 billion in assets and related servicing operations, to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion of outstanding debt and other related liabilities.
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Last Updated ( Monday, 07 July 2008 )
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