U.S. credit reporting agency TransUnion is buying a majority stake in its Mexican arm, it said on Thursday, buying out several major banks in a deal worth around $560 million. TransUnion’s stake in Trans Union de...
India plans to pare stakes in five state-run banks including UCO
India may allow lowering the government’s ownership in five state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a...
IBBI mandates eBKray auction platform to sell assets under liquidation
The Insolvency and Bankruptcy Board of India (IBBI) has mandated the exclusive use of the eBKray auction platform to sell assets under the liquidation process from April 1. The eBKray (now known as Bank Asset Auction...
Banca Ifis Bids for Illimity Amid Italian Consolidation Wave
Banca Ifis SpA, the Italian lender founded by the billionaire Furstenberg family, is offering to buy rival Illimity Bank SpA, the latest move in a flurry of consolidation activity in the country’s banking sector. The...
HDFC Bank gets RBI nod to pick up 9.5% stake in Kotak Bank, AU and Capital SFBs
India’s largest private sector lender HDFC Bank has received the Reserve Bank of India’s approval to pick up an aggregate stake of up to 9.5% in Kotak Mahindra Bank, AU Small Finance Bank and Capital Small...
BBVA gets approval to take over Sabadell’s Mexican businesses
BBVA said on Monday that Mexico’s competition authority had given its approval for the Spanish bank to take indirect control of Sabadell’s Mexican businesses. BBVA had already secured clearance from the...
Burmans’ Religare open offer to acquire additional stake gets Sebi nod
The Securities and Exchange Board of India (Sebi) has approved the Burman family’s proposed open offer to acquire an additional 26% stake in New Delhi-based Religare Enterprises (REL), sources familiar with the...
Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 bln merger deal
Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said on Monday, in yet another sign of increasing consolidation within the...
Enterprise Bancorp to merge into regional lending peer Independent Bank in $562 mln deal
Enterprise Bancorp and Independent Bank, the parent of Rockland Trust, have agreed to merge in a cash-and-stock deal valued at $562 million, they said on Monday, as regional lenders continue to consolidate their...
Credit Agricole ups Banco BPM stake in UniCredit duel
Credit Agricole upped the stakes in a banking battle over Italy’s Banco BPM on Friday, by using derivatives to raise its holding in the Milanese lender that has become a takeover target for UniCredit. UniCredit...
RBI approves Canara Bank’s stake sale in MF, insurance subsidiaries via IPO
The Reserve Bank of India (RBI) has approved Canara Bank’s stake sale in its mutual fund and insurance arms through an Initial Public Offering (IPO), the state-owned lender said on Thursday. “Reserve Bank of India...
Government not considering PSU bank merger: MoS Finance
The government is not considering merger of public sector banks, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In a written reply to a question in the Rajya Sabha, he said several steps have been taken...
