TPG Withdraws $712M Billabong Offer as Talks End

TPG International LLC, the buyout fund run by David Bonderman, pulled out of a A$694 million ($712 million) bid for surfwear maker Billabong International Ltd.

Saudi Arabia Said to Probe Bank Currency Trades
53:28 - Banks in Saudi Arabia are coming under fresh pressure over products that allow speculators to bet against the kingdom’s currency peg, according to people with knowledge of the matter. Western Asset Management Company Portfolio Manager John Bellows weighs in on "Bloomberg ‹GO›." (Source: Bloomberg)
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