Topic filter : Due Diligence

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....”. Files added: “Most of the transactions I’m seeing here would have required substantial enhanced due diligence. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:00:24 PM
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....Bartfeld said the payment came via two “highly reputable and respected” global banks. He said: “Consequently, we received this payment in full confidence [as they] were satisfied that the payment met their rigorous due diligence and compliance requirements. ... [Read full article on Guardian ]
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....Reports of Eisner, 75, and his Tornante Investment Group's interest in the League Two club emerged on Monday. A 70-day negotiation and due diligence period has begun between the parties. ... [Read full article on BBC ]
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....According to sources close to the bank, the sales process is currently for a 100% purchase of the bank only, and no parties are being invited to bid for parcels of the bank’s business. In its statement, Co-op said: “The bank plans to proceed to a second phase of the sale process where selected parties will be provided with additional information in order to continue their due diligence with a view to making an offer for all of the issued ordinary share capital of the bank. ... [Read full article on Guardian ]
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Latest Finance News related to Due Diligence

Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
....According to sources close to the bank, the sales process is currently for a 100% purchase of the bank only, and no parties are being invited to bid for parcels of the bank’s business. In its statement, Co-op said: “The bank plans to proceed to a second phase of the sale process where selected parties will be provided with additional information in order to continue their due diligence with a view to making an offer for all of the issued ordinary share capital of the bank. ...
Portsmouth and ex-Disney CEO Michael Eisner to hold exclusive takeover talks image
....Reports of Eisner, 75, and his Tornante Investment Group's interest in the League Two club emerged on Monday. A 70-day negotiation and due diligence period has begun between the parties. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
....Bartfeld said the payment came via two “highly reputable and respected” global banks. He said: “Consequently, we received this payment in full confidence [as they] were satisfied that the payment met their rigorous due diligence and compliance requirements. ...
How US school turned $15,000 into $24m with Snapchat flotation image
Source : Guardian [Read Article] Friday 3rd of March 2017 05:36:45 PM
....Chiu explained that five years ago Saint Francis parent Barry Eggers, a venture capital investor, had convinced the private school in Mountain View to invest in Snapchat after watching his children become obsessed with the messaging service based on disappearing photos. The letter continues: “After learning the extent of Snapchat’s popularity and conducting some due diligence with this firm, part of which included one of his partners tracking down the founder who was operating the business out of a Stanford [University] dorm room at the time, Barry knew he wanted to invest in the promising company, and in a stroke of remarkable generosity he decided to invite Saint Francis to join him. ...
'Of the very greatest gravity’: key quotes from the Rolls-Royce bribery scandal image
....“In 1999 RR [Rolls-Royce] issued its first written policy governing the use of intermediaries, administered by MS [marketing services division]. No process for due diligence was specified. ...
Toshiba shares plummet for third day running image
Source : Guardian [Read Article] Thursday 29th of December 2016 08:27:03 AM
....“Although Toshiba is still assessing the exact amount of the impairment loss, its financial metrics will likely deteriorate further, potentially resulting in a negative equity position,” said Masako Kuwahara, Moody’s lead analyst for Toshiba. Moody’s said the downgrade also reflected mounting concerns over corporate governance, especially in relation to due diligence for acquisitions. ...
MPs poised to investigate VAT fraud on Amazon and eBay image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
....“What HMRC failed to say is how much undeclared VAT they have recovered from these retailers. We want to know if HMRC is simply giving out VAT numbers without any due diligence or investigation into these retailers’ online trading history. ...
Europe development banks plan £5.5bn backing for gas project ‘with mafia links’ image
....The EBRD said it could not comment on the cases without seeing the report. “We, of course, always carry out strict due diligence before any project,” Anthony Williams, the bank’s head of external relations, told the Guardian. ...
Punch Taverns pub group receives two takeover offers image
Source : Guardian [Read Article] Wednesday 14th of December 2016 01:37:55 PM
....Emerald has approached Punch with a potential cash offer of 185p a share. In a brief statement confirming the offers, Punch said: “The Emerald proposal is conditional on, amongst other things, arranging committed financing, confirmatory due diligence, and the recommendation of the board. ...
Brexit: French financial regulator wooing London banks image
Source : BBC [Read Article] Thursday 8th of December 2016 12:05:05 AM
....Some major banks are in advanced stages of planning to shift some operations from London to Paris, France's leading financial regulator has told the BBC. Benoit de Juvigny said that "large international banks" have undertaken the due diligence needed to set up a subsidiary in the French capital. ...
Tata Steel announces buyer for specialist business image
Source : BBC [Read Article] Monday 28th of November 2016 12:53:12 PM
....Tata Steel's UK boss Bimlendra Jha said the announcement was "an important step forward". "We now look forward to working with Liberty on the due diligence and other work streams so that the sale can be successfully concluded," he said. ...
Mossack Fonseca fined $440,000 in British Virgin Islands image
Source : Guardian [Read Article] Tuesday 15th of November 2016 08:20:20 PM
....Following an investigation, the BVI Financial Services Commission (FSC) identified eight breaches by Mossack Fonseca of anti-money laundering and other regulations. They include failure to maintain controls to prevent money laundering and terrorist financing; failure to assess the risks of customers and one-off transactions; failure to undertake due diligence checks on customers; failure to keep up-to-date records on customers and failure to carry out proper compliance checks. ...
Tata Steel commits to stabilise UK business as pension talks continue image
Source : Guardian [Read Article] Friday 11th of November 2016 06:00:17 PM
.... Tata is also in the process of selling its speciality steels business, which is based in the north east of England and employs 2,000 people. The company has shortlisted bidders, who are now conducting due diligence. ...
Over half a million in UK have their debt written off over 'unfair practices' image
Source : Guardian [Read Article] Wednesday 2nd of November 2016 01:17:52 PM
.... It is also understood to have bought car finance loans. The FCA said that after buying debts, the company failed to carry out the necessary “due diligence” to make sure the sums of money that were said to be owed were correct. ...
The crooked 'landlords' who are finding new ways to cheat desperate renters image
.... The properties – dubbed “phantom flats” – are owned by somebody else or simply do not exist. It is the duty of a website to show some due diligence in establishing that a property is valid. ...
Bangladesh's Sonali bank fined £3.3m image
Source : BBC [Read Article] Wednesday 12th of October 2016 11:50:32 AM
.... . "This meant that the firm failed to comply with its operational obligations in respect of customer due diligence, the identification and treatment of politically exposed persons, transaction and customer monitoring and making suspicious activity reports," the FCA added. ...
SES company first to use 'second-hand' SpaceX rocket image
Source : BBC [Read Article] Tuesday 30th of August 2016 12:10:42 PM
....Mr Halliwell said SpaceX was offering SES a discount on the normal price of a Falcon 9, but that insurers had made "no material change" to the premium being asked to cover the mission. "Both we and SpaceX have given very detailed answers to all the insurers' questions, and they've come away with the feeling that we've done our due diligence, that we're working closely together and that we're ready to go," he said. ...

Ukip's conspiracy theorists must stop dividing the party 
 image
Source : Telegraph [Read Article] Monday 8th of August 2016 08:00:00 AM
.... There is zero evidence that there was any fault on the part of Ukip or its website servers. We did due diligence on this. ...
MPs decry 'failed' effort to stop UK property money laundering image
Source : Guardian [Read Article] Thursday 14th of July 2016 11:01:24 PM
....The MPs said it remained “far too easy for someone intent on laundering money to buy a property with their ill-gotten gains, and rent it out in a very buoyant and robust letting market and take in clean money in perpetuity”. The committee said letting agents must start undertaking appropriate due diligence on clients and making reports to the NCA’s suspicious activity reporting regime. ...
New government pension rules open the door to rip-offs image
Source : BBC [Read Article] Monday 11th of July 2016 02:51:05 PM
....The Pensions Advisory Service advise that "the biggest protection is raising customer awareness. and getting people to do due diligence into the company they're doing business with. ...
Dominic Chappell accused of treating BHS money as his own image
Source : Guardian [Read Article] Thursday 23rd of June 2016 06:34:59 PM
.... Green owned BHS for 15 years until he sold it for £1 to Retail Acquisitions on 11 March 2015. Olswang states in a letter to the Pensions Regulator that on 5 March 2015 it was told by Arcadia, Green’s retail business, that it needed to complete the deal “immediately” when Retail Acquisitions wanted another four weeks to conduct due diligence. ...
Cash crop image
Source : BBC [Read Article] Wednesday 22nd of June 2016 11:00:50 PM
.... . Mr Milenkevich - whose company conducts due diligence for investors - says tax issues, cash management and licensing are all areas investors need to ask about before committing themselves. ...
City ally of Philip Green advised fraudster who tried to buy BHS image
Source : Guardian [Read Article] Wednesday 1st of June 2016 06:06:05 PM
....Robin Saunders, is a banker once known as “the queen of the City” and who helped Green raise funds to buy the chain in 2000. She was part of the team conducting due diligence on the retailer being led by Paul Sutton, a 59-year-old bankrupt businessman who was sentenced to three years’ imprisonment after being found guilty in absentia of embezzlement in France in 2002. ...
Javid accused of doing dirty work for Tata image
Source : Daily Express [Read Article] Saturday 28th of May 2016 02:42:00 PM
.... BHS administrators Duff & Phelps are hopeful they can secure a rescue deal with a consortium headed by former Mothercare director Greg Tufnell within the next few days. It is believed Duff & Phelps has demanded proof of funding from Tufnell and other would-be saviours and is doing extra due diligence to ensure that they will be suitable owners. ...
£5m 'bonanza' cited by BHS buyer Dominic Chappell questioned image
Source : Guardian [Read Article] Friday 27th of May 2016 03:41:34 PM
....Related: Portuguese-backed consortium close to deal for BHS. The discovery that Chappell appears not to have received the £5m payment he previously claimed will raise further questions about the quality of the due diligence conducted on the businessman before his consortium Retail Acquisitions acquired BHS for £1 from Sir Philip Green. ...
Steve Rowe has good ideas. But we don't need to hear about 'Mrs M&S' image
Source : Guardian [Read Article] Wednesday 25th of May 2016 06:07:36 PM
....None of the witnesses put it like that (though one MP did). Instead, the Grant Thornton partner who had provided due diligence services on BHS said on Wednesday: “The perception was that while BHS was part of Arcadia – even though it [Arcadia] was not a guarantor – it was difficult to renegotiate leases. ...
Philip Green 'refused to put more than £10m a year' in BHS pensions scheme image
.... “We had to behave like we had no covenant,” Martin told MPs. He said there was uncertainty on pensions issues from Chappell and Retail Acquisitions when they took over BHS, and that they had only done limited due diligence on the pension scheme in the run-up to the deal. ...
BHS collapse: Philip Green was warned about buyer, MPs hear image
Source : Guardian [Read Article] Monday 23rd of May 2016 06:39:03 PM
....5m of cash and debt facilities in BHS for Chappell, Budge added, as well as providing £110m of guarantees on loans and leaving £200m of property in the retailer. Budge said the “most heavy due diligence I have seen” was conducted before the deal was completed. ...
City news: Marks & Spencer, Intu Properties, Gojimo and Co-op image
Source : Daily Express [Read Article] Sunday 22nd of May 2016 12:01:00 AM
....Matalan founder John Hargreaves and partner Cafer Mahiroglu, owner of Select Retail, are said to be the frontrunners to take it over. Administrators Duff & Phelps had hoped to secure a buyer for BHS last week, but the process was delayed after bidders conducted more extensive due diligence. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 14th of May 2016 05:59:29 AM
....Jeremy says. The fact that you “strayed into” this job suggests you didn’t do much due diligence before taking it up. ...
US and UK urge banks to do business with Iran image
Source : Guardian [Read Article] Thursday 12th of May 2016 05:38:12 PM
....The secretary of state said: “We want to make it clear that legitimate business, which is clear under the definition of the agreement, is available to banks. As long as they do their normal due diligence and know who they’re dealing with, they’re not going to be held to some undefined and inappropriate standard here. ...
BP hired firm linked to bribery scandal, Panama Papers reveal image
Source : Guardian [Read Article] Tuesday 10th of May 2016 02:45:32 PM
....“BP requires compliance with anti-corruption laws and does not tolerate corruption in any form. Our ethics and compliance programme employs anti-corruption safeguards, such as performing due diligence on prospective suppliers, contractually requiring them to comply with relevant laws and requiring them to maintain their own internal safeguards. ...
BP hired firm linked to bribery scandal, Panama Papers reveal image
Source : Guardian [Read Article] Tuesday 10th of May 2016 02:45:32 PM
....“BP requires compliance with anti-corruption laws and does not tolerate corruption in any form. Our ethics and compliance programme employs anti-corruption safeguards, such as performing due diligence on prospective suppliers, contractually requiring them to comply with relevant laws and requiring them to maintain their own internal safeguards. ...
How Mossack Fonseca missed warning signs of £70m boiler room fraud image
....Mossack Fonseca told the Guardian: “The files … make clear that we were persistent in lodging the appropriate questions related to the nature of the business being conducted by this company, and that we were successful in securing that information both from independent outside counsel, and the newly incorporated company itself. “Your suggestion that we should not have incorporated this company based on complaints that appeared on what you describe as internet ‘bulletin boards’ betrays a fundamental misunderstanding of our business, and of how our institution and many others conduct required due diligence. ...
BHS owner forced out of previous venture in row over missing money image
.... Chappell is a keen sailor. The allegation about Olivia Petroleum’s finances will raise further questions about the due diligence conducted by the billionaire Sir Philip Green, who sold BHS to Chappell’s consortium Retail Acquisitions for £1 last year and is under mounting pressure to explain his actions. ...
Call to make recruiters responsible for housing migrant workers safely image
....Coy said: “There is a gap in the current legislation which allows people to offer employment and do nothing about accommodation. Surely if people are coming across the world to work here, we must pay due diligence to where they are going to live and the standards of living they are going to receive. ...
BHS collapse: Sir Philip Green may face grilling by MPs image
Source : Guardian [Read Article] Thursday 28th of April 2016 02:38:52 PM
....The BIS committee intends to explore whether the directors of both companies did the “best they could to fulfil their statutory duties”, and whether the regulations surrounding the statutory duties of directors and the consequences for breaching them are “sufficient” in the UK. It will ask what due diligence was carried out by Retail Acquisitions and Arcadia before the deal and examine the steps taken by Green’s company to ensure Retail Acquisitions was a responsible buyer. ...
Port Talbot boss raising funds for Tata rescue bid image
Source : Guardian [Read Article] Wednesday 20th of April 2016 10:16:21 AM
....The Labour MP Stephen Kinnock, whose Aberavon constituency includes the Port Talbot plant, said he had always felt that management buyout was the right option in principle, but said it needed the right team and financial backing to work in practice. He said: “That is why the due diligence phase of the sale process will be so important, and why I am very concerned about the tight timeline that Tata Steel has set out. ...
Senior Port Talbot staff ‘to announce buyout plan for Tata Steel plant’ image
....Labour MP Stephen Kinnock, whose Aberavon constituency includes the Port Talbot plant, said he had always felt that management buyout was the right option in principle, but said it needed the right team and financial backing to work in practice. “That is why the due diligence phase of the sale process will be so important, and why I am very concerned about the tight timeline that Tata Steel has set out. ...
Chances of rescue deal for Tata Steel's entire UK business 'remote' image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:49:45 PM
....As little as three months ago ThyssenKrupp was understood to have been in talks with Tata about buying its European steel business, including sites in the UK and the Netherlands. The German company even started due diligence, but pulled out after becoming concerned about the mounting losses at Port Talbot and the cost of modernising the site. ...
UNICEF: 'protecting children online is everyone’s business' image
Source : Guardian [Read Article] Wednesday 13th of April 2016 08:53:46 AM
.... It is the same feeling as when you see something for the first time – the same feeling as when you see a child for the first time, a child just born. In the last year, I have participated in the development of the new business tools for ICT companies to assess their impact on children’s rights as part of their corporate social responsibility due diligence processes. ...
McCormick drops bid for Mr Kipling firm image
Source : BBC [Read Article] Wednesday 13th of April 2016 07:43:31 AM
....The US firm had an initial offer of 52p a share rejected in February, and ultimately raised its offer for Premier to 65p a share on 30 March. In a statement, McCormick said it had "completed its due diligence review of Premier Foods" which was conducted "in an open and collaborative spirit". ...
Labour warns there are just 16 weeks to save Tata Steel's UK plants image
Source : Guardian [Read Article] Tuesday 12th of April 2016 07:20:46 PM
....Labour has warned there are just 16 weeks to save Tata Steel’s UK plants, despite the business secretary, Sajid Javid, claiming he has persuaded the company to keep them open until a buyer is found. Angela Eagle, the shadow business secretary, said Labour has learned that Tata wishes to exit the UK in four months, with just eight weeks for potential buyers to submit an expression of interest and another eight for due diligence. ...
Banks deny claims they helped avoid tax image
Source : BBC [Read Article] Tuesday 5th of April 2016 03:40:22 PM
.... . "Our policy is clear that offshore accounts can only remain open either where clients have been thoroughly vetted (including due diligence, 'Know Your Customer', source of wealth, and tax transparency checks), where authorities ask us to maintain an account for the purposes of monitoring activity, or where an account has been frozen based on sanctions obligations. ...
VIDEO: What the Panama Papers reveal image
Source : BBC [Read Article] Sunday 3rd of April 2016 06:23:57 PM
....They show how the firm helped clients launder money, dodge sanctions and evade tax. Mossack Fonseca says offshore companies are used for legitimate purposes and says it conducts thorough due diligence and regrets any misuse of its services. ...
Tata steel crisis: Cameron defends blocking tariffs as Javid faces workers’ anger image
....Javid said that the most pressing concern was for Tata to set out an offer “and to make sure that all potential buyers have all the relevant information they would need. You would naturally expect them to want that early on … so they can complete that due diligence as quickly as possible,” he said. ...
Tata Steel crisis: business secretary says a rescue deal can still be done image
....He said: “I think the most immediate need is for Tata to set out its offer document with the details and to make sure that all potential buyers have all the relevant information they would need. “You would naturally expect them to want that as early as possible so they can complete the due diligence as quickly as possible. ...
Tata Scottish steel works rescued by Liberty House image
Source : Guardian [Read Article] Thursday 24th of March 2016 02:36:46 PM
....They were granted a reprieve via an unusual back-to-back deal, under which the Scottish government will buy the plants from Tata before selling them on to Liberty House. The deal is understood to have been structured to avoid the lengthy due diligence process required for a transaction between two companies. ...
Deal 'close' over sale of steel mills image
Source : BBC [Read Article] Wednesday 23rd of March 2016 12:25:17 PM
.... . Earlier Ms Sturgeon said "final due diligence" on an agreement was taking place. ...
Powa: The start-up that fell to earth image
Source : BBC [Read Article] Monday 21st of March 2016 10:58:55 AM
....". I wanted to ask Wellington Management about the due diligence it had undertaken before its investment in Powa, but the company politely declined to talk to me. ...
Wafic Said shunned by Barclays image
Source : BBC [Read Article] Friday 18th of March 2016 04:49:41 PM
....There is no suggestion that Mr Said was guilty of any wrongdoing, either then or now. However, Barclays is understandably jumpy because last November, Barclays was fined £72m by the Financial Conduct Authority after it found they failed to carry out due diligence on a high-net-worth client in a transaction worth £1. ...
Sainsbury's confirms £1.4bn Home Retail bid as Steinhoff pulls out image
Source : Guardian [Read Article] Friday 18th of March 2016 04:00:29 PM
....Markus Jooste, CEO of Steinhoff, said Home Retail was a “compelling business with unique attributes that remains attractive on many fronts”. But he added: “Having concluded our due diligence review and ancillary discussions, we have evaluated our findings against our investment criteria and today come to a decision not to proceed. ...
The doomsayers are wrong – our debt is well-regulated, and sound | Stephen Koukoulas image
.... The problem, to the extent there may be one, is the regulations that apply to debt. If debt is sought and provided on the basis of robust due diligence – that there is no fraud and deception and that only creditworthy borrowers are forwarded the funds by creditworthy lenders – then it matters little whether debt is 10% of household income or 200% of income. ...
No legally binding contract in £18bn Hinkley Point nuclear project image
Source : Guardian [Read Article] Wednesday 9th of March 2016 07:32:53 PM
....Related: Hinkley Point C: what you need to know about the nuclear power project. The French energy company has found it has taken longer than expected to do due diligence on state-owned CGNPC’s ability to make its £6bn contribution to the Somerset power scheme. ...
Sainsbury's clarifies it is able to make hostile bid for Home Retail image
Source : Guardian [Read Article] Thursday 3rd of March 2016 02:39:55 PM
....Related: Sainsbury's given 18 March deadline for new Home Retail bid. Now, in a statement to the Stock Exchange, Sainsbury’s made clear it could waive pre-conditions relating to due diligence and – crucially – that any bid would have the recommendation of the Home Retail board. ...
Whether it's Mexico's gold or Zimbabwe's diamonds, mining is riven with violence and business is complicit image
.... The UN has made it clear that companies have a responsibility to make sure they are not financing conflict or human rights abuses, and multinational bodies such as the OECD have developed guidance to help them. Far too few companies have responded, however, leading the US government to pass legislation requiring some US companies to exercise due diligence on key mineral supply chains. ...
Big Short's version of housing bubble entertains but reality disappoints image
Source : Guardian [Read Article] Sunday 28th of February 2016 04:12:49 PM
....These lenders already are under financial pressure to make mortgage lending more profitable – perhaps by cutting personnel costs, one of the biggest expenses they face. And what do those personnel do? If that were to happen, it would be bad news, since those personnel are the folks who do the due diligence on the mortgage loans. ...
Sainsbury's given 18 March deadline for new Home Retail bid image
Source : Guardian [Read Article] Monday 22nd of February 2016 05:48:48 PM
....42bn cash bid, worth 175p a share. The South Africans’ potential offer, which is subject to due diligence, is only a 6% premium to the Sainsbury’s putative cash and shares offer agreed earlier this month, which would be worth £1. ...
Home Retail Group shares soar as Steinhoff beats Sainsbury's offer image
Source : Guardian [Read Article] Sunday 21st of February 2016 06:19:42 PM
....The grocer was unwilling to comment on what its next move would be, but one retail industry figure said he was convinced Sainsbury would push for an extension. “It is in the interests of (HRG) to allow Sainsbury’s and Steinhoff to bid against each other so you have to think they will both agree to go and ask for that extension while due diligence continues. ...
Sainsbury's bid for Argos hangs in balance amid threat of competition probe image
Source : Telegraph [Read Article] Saturday 20th of February 2016 08:00:23 PM
.... • Six things you need to know about Sainsbury's move for Home Retail . Sainsbury’s could justify a higher offer after finding additional synergies during its due diligence process, one source suggested. ...
Source : Reuters [Read Article] Friday 19th of February 2016 11:53:27 AM
.... British financial advisory firms are not consistent enough when assessing the quality of products and services they recommend to clients, the Financial Conduct Authority said on Friday. While the 13 firms assessed in the regulator's thematic review on the topic had demonstrated some good practice when undertaking due diligence, greater consistency was needed and there was room for improvement, it said in a statement. ...
Source : Reuters [Read Article] Friday 19th of February 2016 11:53:27 AM
.... British financial advisory firms are not consistent enough when assessing the quality of products and services they recommend to clients, the Financial Conduct Authority said on Friday. While the 13 firms assessed in the regulator's thematic review on the topic had demonstrated some good practice when undertaking due diligence, greater consistency was needed and there was room for improvement, it said in a statement. ...
Abuse of migrant workers is now a top risk for businesses image
Source : Guardian [Read Article] Tuesday 16th of February 2016 05:00:02 AM
....Related: Refugees will have the right to work - why not employ them?. Under international norms such as the UN Guiding Principles on Business and Human Rights, companies are expected to undertake due diligence on their supply chains, says ITUC general secretary Sharan Burrow. ...
Families of Americans killed by Mexican cartels sue HSBC for laundering billions image
....“Driven by its desire to expand its business and increase revenue, HSBC intentionally implemented criminally deficient anti-money laundering programs, processes and controls, which were designed to guarantee that billions of dollars would go through its banks undetected or unreported. And that is exactly what happened,” the lawsuit alleges, claiming that due diligence processes at Mexican bank branches were non-existent or fabricated, allowing suspicious individuals to deposit hundreds of thousands or even millions of US dollars. ...
Morgan Stanley to pay $3.2bn over mortgage-backed securities image
Source : Guardian [Read Article] Thursday 11th of February 2016 03:38:08 PM
....6bn portion of the settlement. As part of the DOJ settlement agreement, Morgan Stanley acknowledged in writing that it failed to disclose critical information to prospective investors about the quality of the mortgage loans underlying its residential mortgage-backed securities and about its due diligence practices. ...
FTSE 100 overcomes jitters after Fed fails to come to the rescue  image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 06:52:46 AM
Staggering price of legal fees comes with a human cost image
Source : Guardian [Read Article] Saturday 6th of February 2016 07:01:04 AM
....Tips for dealing with the fee increases:. • Do your due diligence. ...
Half a million landlords set to sell amid George Osborne's tax grab  image
Source : Daily Express [Read Article] Friday 5th of February 2016 03:14:00 PM
.... "It can give you an income now, boost your pension pot for the future, benefit from capital appreciation over time and provide a tangible legacy that you can leave to your loved ones. “The fact is that there is never a bad time to invest - provided that you undertake a sufficient amount of detailed due diligence so that you come up with an investment strategy that suits your own circumstances and goals, and one that can be stress-tested against a changing market. ...
Sainsbury’s takes on Amazon as it bids £1.3bn for Argos – sparking store closure fears image
....3 pence per Home Retail Group share, and as part of the cash and shares deal, Home Retail Group shareholders would own about 12 per cent of the combined group. The two companies now have three weeks - until 5pm on Tuesday February 23 - in order to consider the deal and complete due diligence. ...
Sainsbury's agrees terms to buy Home Retail Group in £1.3bn deal image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 08:05:14 AM
....3bn. Home Retail said its board had decided to recommend the potential offer to shareholders once details are agreed and both sides complete due diligence by examining each other’s books. ...
Argos 'will future-proof Sainsbury's' image
Source : BBC [Read Article] Tuesday 2nd of February 2016 07:30:09 AM
....Sainsbury's had until 17:00 on Tuesday to make an offer for Home Retail. It now has three weeks under takeover rules to carry out due diligence on the Argos owner, meaning it must make a firm offer by 17:00 on 23 February or walk away. ...

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