(NewsVisual, powered by IntellectSpace) -- The leadership team at UBS AG (NYSE: UBS) has implemented a new way of attracting investors to combat the ill-effects of the subprime crisis- by offering a discount.
The Swiss bank is currently attempting to attain a capital increase of nearly 16 billion Swiss francs, despite holding a considerable amount of subprime debt holdings that is leaving investors weary (see article from The Wall Street Journal).
NewsVisual created an IntellectSpace...
Read Full Story
(NewsVisual, powered by IntellectSpace) -- Like the prettiest debutant at the biggest spring ball, Visa Inc (NYSE: V) launched its Initial Public Offering (IPO) on Wednesday to a gaggle of swooning investors.
“The company sold 406 million shares at a price above its expected $37 to $42 range, raising a total of $17.86 billion. That makes it the largest U.S. IPO ever, topping a $10.6 billion offering from AT&T Wireless in 2000,” reported The Wall Street Journal in an online article.
Analysts...
Read Full Story
(NewsVisual, powered by IntellectSpace) -- Although ostensibly it was Visa Inc (NYSE: V) that was raising the money for its own company during last March 19th’s IPO, JPMorgan Chase & Co (NYSE: JPM) also made a windfall from it, earning $1.36 billion from the IPO, according to CNNMoney.com.
"JPMorgan is the largest of six principal bank stockholders of the card processor, who all reaped big bucks from the offering. The debut was so successful that Visa sold additional shares, boosting the...
Read Full Story
(NewsVisual, powered by IntellectSpace) -- Although a Bear Stearns downgrade caused the Swiss bank UBS AG (NYSE: UBS) share value to decline 2 percent, the bank's Board of Directors all appear to be personally insulated from the loss.
NewsVisual created an IntellectSpace Knowledge Map of the UBS Directors that shows that none of them have ownership of any of the bank's stock.
On the other hand, the Knowledge Map shows that three UBS Directors have company ownership in other corporations...
Read Full Story
(NewsVisual, powered by IntellectSpace )-- Anticipation is building as Visa Inc prepares its record breaking Initial Public Offering (IPO).
Analysts are expecting that the credit card giant will generate nearly $19 billion for the approximately 447 million shares of its Class-A common stock. In an economy that is threatened by rising consumer debt and spending, the Visa IPO is ironically the deal that is giving banks and investors some hope of a turnaround.
Since rival Mastercard Inc...
Read Full Story
Och-Ziff Capital Management Group LLC announced that its Board of Directors approved a record date of July 1, 2008 for the second quarter 2008 cash dividend on its Class A shares.
Filed under: Newspapers, Magazines, XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Goldman Sachs Group (GS)MAJOR PAPERS:
The Wall Street Journal reported that after years of rapid grows, many hedge funds are shutting their doors or merging with others, as expansion has...
Och-Ziff Capital Management Group LLC has tentatively begun buying troubled home loans, and the hedge fund firm will likely expand more aggressively in residential mortgage markets this year, Chief Executive ...
Telkom confirmed in a cautionary notice on 2 June that it had received a letter from a consortium including Mvela and affiliated funds of Och-Ziff Capital Management Group stating its intention to make an offer ...
Och-Ziff Capital Management Group manages $10.7 billion in assets. Distribution of the Forbes 400 by U.S. State Diameter of disc reflects size of fortune.
Och-Ziff Capital Management Group manages $10.7 billion in assets. Distribution of the Forbes 400 by U.S. State Diameter of disc reflects size of fortune.
... we need to make in order to succeed in the current and future market environments." Daniel Och Senior Managing Member Och-Ziff Capital Management Group
Reuters - NEW YORK (Reuters) - Och-Ziff Capital Management Group LLC, a multi-strategy investment fund with about $26.8 billion under management, filed for an initial public offering on Monday, making