Equity issuance down 24% from a year ago
Cross-border M&A declines as foreign investors shy away from U.S. deals
Bank pays $35.8 million for 12.5% interest
“Express” deals are the result of companies making opportunistic acquisitions in light of the global credit turmoil
Buying spree unlikely, say analysts
Scotiabank’s purchase of Sun Life’s slice of CI Financial Income Fund gives insurer “firepower” to pursue growth
Consolidation expected among hedge fund companies and other alternative asset managers
Citi had filed a complaint against the other two earlier in the day seeking US$60 million in damages
Citi says it had exclusivity agreement with Wachovia; it has also been providing liquidity to the bank since Monday
Deal requires no financial assistance from the FDIC or any other government agency