Financial Biz Cheat Sheet: Dexia Shares Suspended From Trading, Blackstone to Acquire Harbourmaster Capital
Indiana Community Bancorp (NASDAQ:INCB) has announced it will take a $14.1 million write-off for loan losses during the third quarter.
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Dexia shares are suspended from trading today and tomorrow, and will reopen for action on Monday as the bank is in talks to sell its Luxembourg unit.
Blackstone’s (NYSE:BX) credit division, GSO Capital, will acquire European leveraged loan manager Harbourmaster Capital, which manages and advises on roughly $11 billion in assets. The deal will make GSO one of the largest leveraged loan investors in both Europe and the U.S.
Bank of America (NYSE:BAC) says it wasn’t hacker group Anonymous, Ocupy Wall Street, or criminals that crippled their webiste over the last week, but just an IT meltdown after updates to the site.
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A New York federal appeals court rules that Finra doesn’t have the right to take its members to court in order to enforce disciplinary actions handed down by the regulator.