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Bank of America (BofA) and China Construction Bank (CCB) extended their strategic alliance until the end of the year and will negotiate over another five years, according to the Asian bank. In this manner, the Chinese bank refuted suggestions that Bank of America will sell its stake to Qatar or Dub
Read moreBank of America will pay $8.5bn to settle claims by a group of 22 large investors that lost money in high-risk mortgage securities before the collapse of the US housing market. The financial giant settled a nine-month long litigation over losses from the assets issued by its Countrywide unit, mostl
Read moreChief executive Reynolds Bish has added to his stake in the California-based scanning software specialist Kofax. He paid 467.3p a time for 10,000 shares, shelling out a total of £46,730. Following the purchase, he now has 36,150 shares in the company. Late last month Kofax said it will acquire Mas
Read moreBob Diamond's family trust has invested nearly £1m in Barclays shares. The Barclays chief executive elect is a connected person to the Diamond Family Foundation, which has bought 363,179 shares at an average price of 273.97p a share. The total cost was £995,000. Diamond, who takes over as chief
Read moreSeverfield-Rowen's recently appointed finance director has made his first investment in the structural steel firm. Alan Dunsmore joined Severfield-Rowen from Smiths Group in March. He has invested £22,400 in 10,000 shares. Severfield-Rowen says that its order book was worth £241m at the end of A
Read moreNeil Osborn, the publisher of Euromoney magazine, has sold nearly half of his stake in financial publisher and events organiser Euromoney Institutional Investor. Osborn sold 25,000 shares at 460p a share, which raised £115,000. Osborn is left with 27,675 shares. Last February, Osborn exercised o
Read moreNews that the chairman and chief executive of Progressive Digital Media Group have splashed out more than £400,000 on shares sent the digital marketing firm the right way Tuesday. Chairman Mike Danson added 2.2m shares to his stake, which now approaches 316m, or 85.5% of the business. The purchase
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