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Drumnadrochit, Scotland CNN —It’s not the volume of water in Loch Ness that impresses, although that’s substantial. The "surgeon's photographs" of 1934 are the most famous images of the Loch Ness Monster -- although they were later exposed as a hoax. “It’s a really bizarre extended family of Loch Ness enthusiasts,” says McKenna, his love for the project glowing in every word. But, says McKenna, “Loch Ness is so fascinating that it can cause these mirages. Until then, the Loch Ness Exploration group meets monthly on the loch and is free and open to everyone — believers, sceptics and agnostics alike: details are on the public Facebook page.
Persons: Scotland CNN — It’s, , Alan McKenna, Jeff J Mitchell, you’ve, you’ll, Loch, it’ll, Hugh Gray, Aldie McKay, Saint Columba, Aleister Crowley’s, Jimmy Page, Adrian Shine, Rasputin, Santa, He’s, McKenna, Steve Feltham, who’s, , Alistair Matheson, Aldie, We’re, Loch Ness, Russell Cheyne, Matheson, we’ve, Andy Buchanan Organizations: CNN, Scotland CNN, Edinburgh, Getty, Loch, Keystone, , Reuters, Pacific . Locations: Drumnadrochit, Scotland, Loch Ness, guesthouses, Isle, Skye, Boleskine, Santa Claus, Edinburgh, Loch, , Pacific, AFP
On the steps of the New York Public Library, demonstrators waved flags and called for a cease-fire in the Israel-Hamas war. The march in Midtown closed sections of Fifth Avenue before protesters turned onto 34th Street, snarling evening commute traffic. Tensions have risen on college campuses in recent weeks as the debate over the Israel-Hamas war has divided student groups and roiled campus life. Fadi Shuman, a computer science undergraduate who is Palestinian, said he was upset Columbia wasn’t doing more to combat Islamophobia on campus. Credit... Jeenah Moon for The New York TimesLuis Cruz, 19, who traveled to Bryant Park from Staten Island, said he was glad to see students in the crowd.
Persons: , Sam Cribben, they’re, Fadi, Mr, Shuman, , Sandor John, John, The New York Times Luis Cruz, ” Troy Closson, Nate Schweber, Liset Cruz, Erin Nolan Organizations: New York Public Library, Israel, Eighth, The New York Times, Columbia University, Low, Columbia, Bryant, City University of New, Fifth, CUNY, Times, New York Times Locations: Israel, Midtown Manhattan, New York City, Midtown, Bryant Park, Gaza, Palestine, City University of New York, Vietnam, Bryant, Staten Island
The company is considering options including a full or partial sale to another private equity firm, one of the people added. In the event of a sale, the business could be valued at more than 500 million euros, this person added. Deliberations are at an early stage and a sale process may not occur, said the people, who declined to be named because the talks are not public. Montefiore and Federation Studios declined to comment. A sale process for Spanish broadcasting and sports rights group Mediapro is also underway, according to Reuters.
Persons: Isabel Marant, Pascal Breton, Breton . Montefiore, Amy, Jo Crowley, Anousha Sakoui, Mark Potter Organizations: France's Federation Studios, des, Federation Studios, Montefiore Investment, Breton . Montefiore and Federation Studios, Vertigo Films, Reuters, Federation, Thomson Locations: Paris, Britain's, Rome, All3Media, Los Angeles, Madrid, London, Berlin, Cologne, Tel, Aviv
Debate Fact-Check: Israel, Abortion and the Economy Dominate Five Republican presidential candidates, again minus Donald J. Trump, looked to highlight their records while criticizing one another in an effort to stand out from the field — sometimes using questionable claims. Share full articleImage The five candidates delivered pointed criticism of one another — in addition to President Biden and former President Donald J. Trump — in an effort to stand out to voters as the first nominating contests draw near. Credit... Scott McIntyre for The New York TimesFive presidential candidates appeared onstage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami for the third Republican primary debate. This time, they delivered pointed criticism of one another — in addition to President Biden and former President Donald J. Trump — in an effort to stand out to voters as the first nominating contests draw near. In the process, they employed facts that were occasionally true, sometimes misleading and occasionally downright false.
Persons: Donald J, Trump, Biden, Scott McIntyre, Adrienne Arsht, Organizations: Republican, Trump, The New York Times, Adrienne, Adrienne Arsht Center, Performing Arts, Trump — Locations: Credit, Miami
President Biden and his aides have been careful not to even hint in public that Israel could be violating any laws of war. And the State Department continues to approve sales of weapons to Israel while refraining from making any assessments of the legality of Israel’s actions. Israel says it is impossible to defeat its enemy without killing innocents — a lesson that Americans and their allies should understand. Mr. Netanyahu added that the attack “was a legitimate act of war with tragic consequences that accompany such legitimate action. And during Secretary of State Antony J. Blinken’s visits to Israel after the Oct. 7 Hamas attacks, Israeli officials privately invoked the 1945 U.S. atomic bombings of Hiroshima and Nagasaki.
Persons: Biden, Benjamin Netanyahu, Israel, Mr, Netanyahu, , , , Antony J, Blinken’s, Mark Regev, Regev, Organizations: State Department, Royal Air Force, , Islamic State, , ISIS, PBS Locations: Israel, Copenhagen, Iraqi, Falluja, Iraq, Mosul, Hiroshima, Nagasaki, United States
HAVANA, Nov 6 (Reuters) - Cuba hosted a business fair with over 800 companies from more than 60 countries on Monday as it lobbied for new investments, thumbing its nose at U.S. sanctions that have long spooked foreign companies from engaging with the communist-run island. "Today we work ...to minimize the negative impact of the economic, financial and commercial blockade," said Cuba foreign trade minister Ricardo Cabrisas at the forum's opening event. Cuban president Miguel Diaz-Canel told attendees "massive" participation at the fair this year was proof of business confidence in Cuba. The trade fair includes promotional stands from countries ranging from Spain to Russia, Iran and China. Foreign companies also complain that local regulations, bureaucracy and problems with the peso currency and payments also bog down business in Cuba.
Persons: Ricardo Cabrisas, Miguel Diaz, Canel, Diaz, Jay Brickman, Biden, Hugo Cancio, Cancio, Nelson Acosta, Dave Sherwood, Bill Berkrot Organizations: Reuters, Miami, U.S, DeCancio, Thomson Locations: HAVANA, Cuba, U.S, Cuban, Spain, Russia, Iran, China
Even as President Biden presses Israel to define clearly the goals of its war against Hamas in Gaza, he is turning his eyes to a much larger endgame: the ever-elusive hope for a lasting peace deal between Israel and the Palestinians. The question is how hard Mr. Biden intends to work for that outcome. Biden administration officials also doubted whether Israel’s increasingly hawkish leadership was interested in any plausible deal. Unlike his recent predecessors, Mr. Biden did not appoint a special envoy for Middle East peace or task his secretary of state with trying to forge an agreement between Israel and the Palestinians. “It was not a tier-one policy objective to solve this conflict,” said David Makovsky, a former peace process negotiator in the Obama administration.
Persons: Biden, Israel, , Israel’s, Mahmoud Abbas, , David Makovsky, Obama, Organizations: Trump, Palestinian Locations: Gaza, Israel, Palestinian, China, Ukraine, United States, Middle, Saudi Arabia
Telefonica and Liberty Global have been working with advisers on the sale of up to half of their combined 50% stake in Cornerstone. Vodafone (VOD.L) owns the rest of the business through its Frankfurt-based subsidiary Vantage Towers (VTWRn.H). Spokespeople for Telefonica, Liberty Global, Virgin Media O2 and GLIL declined to comment. Cornerstone, established in 2012, is Britain's largest tower company, managing more than 20,000 sites, according to the company's website. In recent years infrastructure and private equity investors have competed for slices in some of the largest tower deals, including Deutsche Telekom's sale of a majority stake in GD Towers, because of their stable cash yield and long-term contracts.
Persons: Phil Noble, Amy, Jo Crowley, Andres Gonzalez, Paul Sandle, Helen Popper Our Organizations: REUTERS, Virgin Media O2, Liberty Global, Telefonica, Cornerstone, Vodafone, Deutsche, GD, Thomson Locations: Blackpool, Britain, Frankfurt
President Biden met with China’s top diplomat on Friday to prepare for Mr. Biden’s planned meeting with President Xi Jinping next month as relations remain strained between Washington and Beijing. Amid cordial talk of cooperation between the United States and China, the official, Wang Yi, wrapped up a visit to Washington. During the three-day trip, the diplomat also met twice with Secretary of State Antony J. Blinken and with Mr. Biden’s national security adviser, Jake Sullivan. Those relations have recently been defined by tensions over matters like Chinese espionage and American restrictions on technology exports to China. And they were severely tested in February when a Chinese spy balloon crossed over the United States before a U.S. fighter jet downed it off the coast of North Carolina.
Persons: Biden, Biden’s, Xi Jinping, Wang Yi, Antony J, Jake Sullivan, scrambles Locations: Washington, Beijing, United States, China, U.S, North Carolina
Reuters could not establish whether Canaccord's interest in the business, known as Close Brothers Asset Management, is still live. Shares in Close Brothers closed 2.2% up on Thursday after initially jumping as much as 5% on the news. Royal Bank of Canada (RY.TO) acquired London-listed Brewin Dolphin last year in an effort to bulk up its international wealth management footprint. Bloomberg first reported Close Brothers' plans to offload its wealth management division in July. Canaccord has sought to grow its UK wealth management arm via acquisitions.
Persons: Goldman Sachs, David Esfandi, OTPP, 7IM, Canaccord, Pablo Mayo Cerqueiro, Amy, Jo Crowley, Anousha Sakoui, Jane Merriman, Jonathan Oatis Organizations: Reuters, Asset Management, Royal Bank of Canada, Bloomberg, HPS Investment Partners, Thomson Locations: Toronto, London
About five teams around Europe including Ineos Grenadiers are involved in the early-stage talks and more could join, the people said. Tour de France champion Jonas Vingegaard’s Jumbo-Visma team is also involved in the talks, one of them said. Amaury Sports Organisation (ASO) controls the Tour de France and La Vuelta while the Giro d'Italia is controlled by RCS Sports. This is not the first time cycling teams have explored a new cycling league project. Eight teams founded a league project called World Series Cycling (WSC) at the end of 2012 but the plans failed to materialise.
Persons: Jonas Vingegaard’s Jumbo, Spokespeople, EY, Amy, Jo Crowley, Anousha Sakoui, Julien Pretot, Andres Gonzalez, Elisa Martinuzzi, Hugh Lawson Organizations: Reuters, Ineos Grenadiers, de France, Partners, Formula, Tour de France, La Vuelta, Amaury Sports Organisation, La, RCS Sports, Thomson Locations: Europe
When John Paul DeJoria first started selling tequila, he knew plenty about business — but "nothing whatsoever" about the liquor industry, he says. He was convinced he had a product superior to anything else on the market, and he knew he could sell it. Today, Patrón is one of the top-selling tequila brands in the world, selling roughly 3 million cases each year. Forbes currently estimates his net worth at roughly $3 billion. We knew nothing about the business, but we knew it was the best tequila in the world.
Persons: John Paul DeJoria, He'd, DeJoria —, , hairstylist Paul Mitchell, John Paul Mitchell, DeJoria's, Martin Crowley, DeJoria, Francisco Alcaraz, Clint Eastwood Organizations: CNBC, John Paul Mitchell Systems, Bacardi Limited, Forbes Locations: Mexico, Mexican, Los Angeles, Patrón
The United States on Tuesday rejected growing calls to support a cease-fire in the war between Israel and Hamas because such a move would only benefit Hamas, a White House spokesman said. But he said civilian casualties were all but inevitable as Israel tries to vanquish Hamas in Gaza. “We’re going to continue to make sure Israel has the tools and the capabilities that they need to defend themselves,” Mr. Kirby said. U.S. and Israeli officials have consistently rejected calls for a cease-fire, insisting that Israel must be given time to eradicate Hamas. On Tuesday, the U.N. secretary general, António Guterres, called for a humanitarian cease-fire in an address to the U.N. Security Council.
Persons: John F, Kirby, Israel, “ We’re, ” Mr, Mr, , António Guterres, Guterres, , Biden, Antony J, Blinken Organizations: . Security, Capitol, Hamas, Gaza Health Ministry, Security Council, , UNRWA Locations: States, Israel, Gaza, United States, “ Israel
delivery kits include instructions on reducing the risk of infection for pregnant women who may have to deliver their own babies in a crisis. And as their deliveries approach, many of the pregnant women “don’t know where they’re going to be in the next minute or the next day,” Mr. Allen said. The group said in a statement that women in Gaza have been losing their pregnancies from the stress and shock of the war. Itimad Abu Ward, a midwife and nurse who works as a public health officer for the W.H.O., was among those forced to flee northern Gaza. She said trying to care for pregnant women during the chaotic journey south was near impossible.
Persons: Israel, Dominic Allen, , ” Mr, Allen, Itimad Abu Ward, Khan Younis, Abu Ward, Khan, Organizations: United Nations, United Nations Population Fund, Planning, Protection Association, International Planned Parenthood Federation, Nasser Hospital, Times, Training Center, Medicines Locations: Gaza, Egypt, Israel, Jabaliya
Biden administration officials insisted that the United States had not told Israel what to do and still supported the ground invasion. General Glynn, the official said, would not be on the ground in Israel if an incursion into Gaza begins. But on Sunday, a diplomat from the Israeli Embassy denied that the U.S. government was advising the Israelis to delay the ground invasion. In conversations with Israeli officials since the Hamas attacks on Oct. 7, American officials said they have not yet seen an achievable plan of action. Like U.S. officials, Mr. Reed said he also still supports the ground invasion to destroy Hamas.
Persons: Biden, Yoav Gallant, Lloyd J, Austin III, James Glynn, General Glynn, Axios, Gallant, Austin, , Mr, ” Mr, Patrick S, Ryder, Benjamin Netanyahu’s, we’ve, Michael Knights, Knights, Jack Reed, Reed, , Michael Crowley Organizations: Israel Defense Forces, Biden, Pentagon, Israel, Embassy, Islamic, United States Central Command, ABC, American Marines, Associated Press, Islamic State, State, The Washington Institute, Hamas, Rhode Island Democrat, Armed Services Committee Locations: Israel, Gaza, United States, Washington, U.S, Mosul, Iraqi, Tel Aviv, Kurdish, Mosul —, British, Falluja, Iraq, Raqqa, Cairo, Saudi Arabia, Egypt, , State
LONDON/ZURICH, Oct 13 (Reuters) - Switzerland's SoftwareOne Holding (SWON.S), which helps companies manage software purchases from vendors such as Microsoft, Adobe and IBM, received non-binding bids this week from private equity firms Bain Capital and Apax Partners, said two people familiar with the situation. The Swiss software manager has been holding management presentations this month as part of a strategic review run by JPMorgan, a third person said. Non-binding bids were due on Oct. 11 and at least four parties submitted proposals, one of the people said. SoftwareOne declined to comment. ($1 = 0.9050 Swiss francs)($1 = 0.9014 Swiss francs)Reporting by Amy-Jo Crawley, Oliver Hirt and Anousha Sakoui; Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: SoftwareOne, Amy, Jo Crawley, Oliver Hirt, Louise Heavens Organizations: Microsoft, Adobe, IBM, Bain Capital, Apax Partners, JPMorgan, Thomson Locations: ZURICH, Swiss
Deutsche Bank completes takeover of UK broker Numis
  + stars: | 2023-10-13 | by ( ) www.reuters.com   time to read: +1 min
The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File photo Acquire Licensing RightsLONDON, Oct 13 (Reuters) - Deutsche Bank (DBKGn.DE) has completed its takeover of Numis (NUM.L), a London-based boutique investment bank, expanding its links with UK corporate clients, the German bank said on Friday. The combined business, Deutsche Numis, will oversee more than 170 corporate broking relationships and provide advisor, corporate broking, and equity capital markets services, the bank said. Fabrizio Campelli, who oversees Deutsche's investment bank, said the deal would expand the bank's reach into Europe's largest investment banking market. Deutsche Bank announced in April it had agreed to buy Numis for 410 million pounds ($500 million).
Persons: Ralph Orlowski, Alex Ham, Ross Mitchinson, Fabrizio Campelli, Amy, Jo Crowley, Iain Withers Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Numis, Deutsche Numis, Thomson Locations: Frankfurt, Germany, London
LONDON/FRANKFURT, Oct 12(Reuters) - Brooks Macdonald (BRK.L) is working with a defence adviser on its strategy amid takeover interest, three people familiar with the matter told Reuters. Raymond James has had a longer-term mandate for financial advice which recently developed into defence strategy, one of the people said. Brooks Macdonald and Raymond James declined to comment. Shares in Brooks Macdonald have dipped since peaking in late 2021 as market conditions soured. Britain's fragmented wealth management industry has seen increased consolidation in recent years driven by both private equity and strategic players.
Persons: Brooks Macdonald, Raymond James, Charles Stanley, Brewin, Andrew Shepherd, Pablo Mayo Cerqueiro, Victoria Farr, Amy, Jo Crowley, Anousha Sakoui, Kirsten Donovan Organizations: Reuters, Thomson Locations: FRANKFURT, British, London, Emma
"What's happened in the past is irrelevant, we're just trying to get better every week and so are they." "I don't think we're carrying much baggage, it's a one-off game and we've got to prepare for it." Farrell was able to name an unchanged starting team for the game with Mack Hansen and James Lowe both passed fit to play. Farrell said Ryan would probably be available for the semi-finals if Ireland managed to get past New Zealand. "That's what we're preparing for, the toughest game we've ever faced, and that we're going to be ready for it."
Persons: Andy Farrell, Farrell, we're, Johnny Sexton, we've, Mack Hansen, James Lowe, Hansen, Lowe, James Ryan, Joe McCarthy, Jimmy O'Brien, Stuart McCloskey, Ryan, you've, We've, they've, Sexton, flyhalf, Hugo Keenan, Garry Ringrose, Bundee Aki, Jamison Gibson, Doris, Josh van, Peter O'Mahony, Iain Henderson, Tadhg Beirne, Tadhg Furlong, Dan Sheehan, Andrew Porter, Ronan Kelleher, David Kilcoyne, Finlay Bealham, Jack Conan, Conor Murray, Jack Crowley, Jimmy O’Brien, Nick Mulvenney, Christian Radnedge Organizations: Ireland, New Zealand, Scotland, Stade de France, & Irish Lions, All Blacks, Blacks, Lions, Thomson Locations: New Zealand, Ireland
Boston, Massachusetts CNN —Though home to the Boston Red Sox, Fenway Park is known for being green. Spanning a section of what was once an empty black rubber roof, a farm is making Fenway green in a completely different way. “We can produce anywhere from 4,000 to 6,000 pounds of fresh produce a year, depending on what we’re growing,” Grallert says. A little replica of Fenway Farms also opened at the Boston Children’s Museum last year. Green City estimates roughly 500,000 children and adults encounter Fenway Farms every year.
Persons: Boston , Massachusetts CNN —, Benjamin Moore, , Chris Grallert, ” Grallert, Bob Crowley, Grallert, Chef Ron Abell, Abell, he’s, lettuces, Danielle Morgan, Samantha Bresnahan, ” Abell, they’ve, Abell’s, Nature’s, we’ve, ” Read, Haley Bergeron, John Cumberland, Organizations: CNN, Boston , Massachusetts CNN, Boston Red Sox, Fenway, Green City Growers, Red Sox, Fenway Park, Green City, Major League, Sox, Coors, Oracle, Boston, Boston Children’s Locations: Boston , Massachusetts, Green, Fenway, Boston, reinvigorating, Massachusetts, Colorado, San Diego, San Francisco
[1/2] Chairman Anthony Thomson (L) and Vice Chairman Vernon Hill pose with a dog outside the first branch of Metro Bank in Holborn in central London July 29, 2010. Metro declined to comment on Tuesday. A Starling spokesperson said the lender was making inroads into the big banks' market dominance. Metro is not the only smaller bank to have faced problems. One option is for smaller banks to gain scale through mergers and acquisitions.
Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Jaime Gilinski, Dorita, Gilinski, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Nelson Bocanegra, Alexander Smith, Jonathan Oatis Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Harvard, Forbes, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, BOGOTA, Starling, Colombian, Latin America, Metro, Bogota
[1/2] Chairman Anthony Thomson (L) and Vice Chairman Vernon Hill pose with a dog outside the first branch of Metro Bank in Holborn in central London July 29, 2010. Metro declined to comment on Tuesday. A Starling spokesperson said the lender was making inroads into the big banks' market dominance. Metro is not the only smaller bank to have faced problems. One option is for smaller banks to gain scale through mergers and acquisitions.
Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Jaime Gilinski, Dorita, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Alexander Smith Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, Starling, Metro, Colombian
Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 8 (Reuters) - British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L), people familiar with the matter told Reuters on Sunday. Separately, Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, the sources said. Shawbrook, Pollen Street and Co-op Bank declined to comment. Britain's Prudential Regulation Authority (PRA) is sounding out buyers over the weekend in hopes of finding a solution for ailing Metro Bank before markets open on Monday morning.
Persons: Hannah McKay, Shawbrook, Pablo Mayo Cerqueiro, Amy, Jo Crowley, Iain Whithers, Ros Russell Organizations: Metro Bank, REUTERS, Bank, Reuters, BC Partners, Pollen, London, Partners, Prudential, Authority, Thomson Locations: London, Britain, British
Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, people familiar with the matter also told Reuters. Metro Bank, Lloyds and Santander did not immediately respond to a request for comment. Metro Bank has seen its shares tumble after news emerged that it had hired advisers to shore up its balance sheet after failing to gain key capital relief from banking regulators. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. While Metro Bank's customer deposits, like those of other UK banks, are backed by a government guarantee up to 85,000 pounds, the regulator is keen for concerns not to spread.
Persons: Shawbrook, Robey Warshaw, Elisa Martinuzzi, Pablo Mayo Cerquerio, Iain Withers, Amy, Jo Crowley, Bernadette Baum, Ros Russell Organizations: Prudential, Authority, Metro Bank, HSBC, Lloyds, London, Reuters, The Financial Times, JPMorgan, Metro, Sky News, Santander, Shawbrook, Thomson
(Reuters) - EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group Inc and BlackRock Inc, is exploring a sale following settlement of a major collusion lawsuit, people familiar with the matter said. Euronext NV is one of the parties interested in EquiLend, one of the sources added. EquiLend generates 12-month earnings before interest, taxes, depreciation and amortization of more than $25 million, two of the sources said. One of the sources added that EquiLend may fetch about $700 million in a sale. Goldman Sachs, JPMorgan, Morgan Stanley and UBS agreed to pay $499 million last month to settle the lawsuit that accused them of conspiring to stifle competition in the stock lending market using EquiLend.
Persons: Amr Alfiky, Broadhaven, Morgan Stanley, EquiLend, Goldman Sachs Organizations: Reuters, EquiLend Holdings, Goldman Sachs Group Inc, BlackRock Inc, Trade Center, REUTERS, Broadhaven Capital Partners, Wall Street, Bank of America Corp, UBS Group AG, JPMorgan Chase &, JPMorgan, UBS Locations: Manhattan, New York City, U.S, EquiLend
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