Barclays (NYSE:BCS) named Antony Jenkins as its new CEO, replacing Bob Diamond who resigned from the Libor scandal. Jenkins currently runs the firm’s retail and business banking operations. The announcement comes one day after Barclays said the U.K.’s Serious Fraud Office is investigating payments made during 2008’s Middle East capital raising.
Don’t Miss: Time Warner Gears Up to Face Google.
Intel (NASDAQ:INTC) announced details about its wireless charging technology for notebooks and mobile devices. It will require a “charging mat” (similar to electric toothbrushes) and works by placing two devices near each other and running the requisite software. According to Intel, its technology can have an ultrabook completely charge a smartphone in an hour.
Scotiabank (NYSE:BNS) will acquire ING’s (NYSE:ING) online bank for $3.16 billion. The deal will give the Dutch company an after-tax gain of $1.4 billion. To fund its purchase, Scotiabank will undergo a 29 million share secondary offering at C$52 each. For ING, the sale comes while selling its Asian insurance operations and continues repaying its 2008 bailout.
AMR (AAMRQ.PK) is negotiating to receive equity financing of $1 billion to $2 billion from a group of distressed debt funds that includes JPMorgan Securities (NYSE:JPM); it currently holds more than $600 million of the company’s bonds. With the money, it could help AMR leave bankruptcy protection, placing it in stronger position while negotiating a possible US Airways (NYSE:LCC) merger.
Louis Freeh, MF Global’s (MFGLQ.PK) parent company trustee, asked on Wednesday for the firm’s other U.S. and U.K.’s bankruptcy administrators to come to a “global resolution” with him over getting money back for creditors and clients as opposed to going through expensive and lengthy litigation.
Investing Insights: Start Your Own GOLD STANDARD.