After a failed bid in 2012, Bats Global Markets Inc. has witnessed success in its second phase IPO posting, a 21% increase in share price compared to IPO value. The success seems to be an encouraging effort for the other enterprises planning to go public.
Executive vice president and provost for University of California in Berkeley has finally resigned from his administrative post. The resignation takes place following widespread criticism against his softer role in handling sexual harassment. However, he has cited personal ground behind his resignation.
UBS AG has agreed to pay $69.8 million to NCUA in settling a lawsuit centering selling of faulty residential mortgage based securities. Prior to that, Royal Bank of Scotland, Barclays, Wachovia, Morgan Stanley and other accused financial institutions have also settled respective lawsuits with NCUA. However, all the settlements have taken place through realization of incurred losses from the faulty RMBS products.
