SWFI First Read, April 6, 2016
Societe Generale Seeks to Cut 128 Jobs in Banking and Investor Solutions Division
French bank Societe Generale may cut 128 jobs in its Global Banking & Investor Solutions division, according to the CGT union. The layoffs are part of a cost-saving plan that was announced by Societe Generale in 2015.
Citi Wins Custodial Mandate from Six Securities Services
Citi has won a mandate from Six Securities Services to provide them with custody services for US$ 230 billion in assets. Citi won the mandate from New York-based Brown Brothers Harriman.
KKR Closes Big on Large Special Situations Fund
KKR closed its KKR Special Situations Fund II L.P. by raising US$ 3.35 billion from pensions, sovereign wealth funds, insurance companies, endowments and other investors. The fund is mostly focused on credit-oriented, deep-value investing in distressed or event-driven situations.
CPPIB Discussions Move Forward Regarding Glencore Ag Deal
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