A look at some must-read news on deals and deal makers around the world
Nomura eyes Jefferies, other U.S. targets
Nomura has been looking hard at expanding in North America by acquisition. The Japanese investment bank has been hiring steadily to build up its capabilities, a costly and slow process. Now, it appears that the Japanese firm might instead look to buy a firm like Jefferies & Co. to accelerate the process, the Financial Times reports.
Shell sells Woodside shares left over after deal blocked by Australia
During the Potash Corp. of Saskatchewan Inc. battle, much was made of Australia's record of blocking deals. Monday brings a reminder of that. Nine years ago, the Australian government stopped the sale of Woodside Petroleum to Royal Dutch Shell Group, leaving Shell with a large stake in the Australian energy company. Shell is finally shedding those shares.
For those that missed it Saturday, The Globe took a deep dive into the reasons that the Potash Corp. of Saskatchewan Inc. acquisition ended up blocked by the government. What did BHP Billiton Ltd. do wrong? Read on.
Merrill bonuses may be stock
Sorry Merrill Lynch bankers, no cash for you. Bank of America is having trouble closing a hole in its capital, so it may have to conserve cash by paying more bonuses in stock, Bloomberg News reports.
RBC builds Asian wealth
Royal Bank of Canada is looking to increase its presence in Asian wealth management, buying a group of advisers and pledging to keep growing.