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Dallas-based private-equity firm Lone Star Funds agreed to cut the price for its stake in Korea Exchange Bank by 11% as it sought to finalize a sale announced a year ago. The buyout firm now plans to sell its 51.02% stake in KEB to Hana Financial Group Inc. for 3.916 trillion won ($3.48 billion. Now the deal leaves with the permit from relevant financial authority[111201]Dallas-based private-equity firm Lone Star Funds agreed to cut the price for its stake..
Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest lenders. 

S&P made the same cut to Morgan Stanley and Bank of America’s Merrill Lynch unit today. JPMorgan Chase & Co. (JPM) was reduced one level to A from A+. S&P upgraded Bank of China Ltd. and China Construction Bank Corp. to A from A- and maintained the A rating on Industrial & Commercial Bank of China Ltd. , giving all three lenders higher grades than most big U.S. banks. [111130]Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long..
The Republic of Korea-United States Free Trade Agreement (also known as KORUS FTA)was passed by the United States on October 12, 2011 with the Senate passing it 83-15 and the House 278-151. It was ratified by the National Assembly of South Korea on November 22, 2011, with a vote of 151-7. [111122]The Republic of Korea-United States Free Trade Agreement (also known as KORUS FTA)was ..
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