Irish financial services firm
Permanent TSB (PTSB) said on Thursday it had agreed to sell a
1.3 billion euro ($1.5 billion)portfolio of problem mortgage
loans in a securitisation deal, reducing its bad debt level to
below 10 percent.
Victims of Bernard Madoff's
Ponzi scheme will soon receive another $695.3 million from a
government compensation fund, the U.S. Department of Justice
announced on Thursday, less than two weeks before the 10th
anniversary of the swindler's arrest.
Goldman Sachs and
Morgan Stanley are expected to lead preparations for the
planned IPO of Swedish buyout firm EQT, two sources told
Reuters, after the company earlier this month invited banks to
bid for the mandate.