The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

WireTap 0900 02/02/12

A round-up of the key stories across the specialist financial media, including news that Glencore and Xstrata are in talks over an $80 billion merger that could reshape the mining industry

Glencore and Xstrata close to $80 billion deal

Glencore and Xstrata are in advanced talks over a nearly $80 billion merger that could reshape the mining industry, combining the world’s largest commodities trading house with one of the largest miners of thermal coal and copper.

Click here for the full story

Facebook serves notice on $5 billion IPO

Facebook launched the process for its highly anticipated stock market debut, filing papers for a $5 billion initial public offering that will turn key shareholders into billionaires, most notably Mark Zuckerberg, the 27-year-old chief executive and co-founder.

Click here for the full story

Wealthy investors might shrug at Facebook IPO

Wealthy investors aren’t clamouring for a piece of Facebook's initial public offering because some own the stock through private transactions while others shy away from risky technology deals, according to advisers. 

Click here for the full story

Exclusive: Mortgage deal would give states enforcement clout 

A proposed settlement to resolve mortgage abuses by top US banks will give states broad authority to punish firms that mistreat borrowers, according to documents seen by Reuters on Wednesday. 

Click here for the full story

Ex-Credit Suisse traders admit cooking subprime books

In a rare criminal prosecution to emerge from the financial crisis, two former Credit Suisse traders admitted on Wednesday to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities to hide losses as the US real estate market began to collapse in 2007. 

Click here for the full story

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree