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NBI files syndicated estafa case against investment firm execs (GMA News)

MANILA, Philippines - Eight officers and incorporators of investment company Royal Manchester Five Trading Corp. were charged with syndicated estafa for reportedly swindling investors of millions of pesos, the National Bureau of Investigation (NBI) said on Saturday.

Closing Glance: Investment Banks fall (AP via Yahoo! Finance)

Shares of investment banks fell Friday as the broader markets wavered when worries over rising oil prices outweighed a surprise jump in April home construction data.

Parkway Properties creates $750M investment fund (AP via Yahoo! Finance)

Parkway Properties Inc., a real estate investment trust, said Friday it is creating an investment fund with the Teacher Retirement System of Texas to invest in multitenant office properties.

Aflac remains a solid investment, analyst says (AP via Yahoo! Finance)

A day after Aflac Inc. reiterated its profit outlook for the year, a Lehman Brothers analyst recommended the insurer's stock, saying prospects for growth in Japan makes the investment less risky than its peers.

Wachovia melds investment bank units (The Charlotte Observer)

Wachovia Corp. told employees Friday that it's folding together two groups within its corporate and investment bank as part of an ongoing reorganization of the unit that has suffered in the global credit crunch. The newly named investment banking and capital markets group combines the investment banking unit that serves big corporate clients and the group that advises companies on mergers and ...