Japanese financial powerhouse Sumitomo Mitsui Banking Corp. (SMBC) is in advanced discussions to buy a significant stake in Yes Bank, following months of negotiations, said people aware of the matter. The move is...
Austria’s Erste Group strikes deal with Santander to expand in Poland
Erste Group Bank has bought a 49% stake in Santander’s Polish bank for around 6.8 billion euros ($7.7 billion), turning Austria’s largest lender into one of the most important banks in Poland and freeing up...
Warburg Pincus seeks CCI nod to buy 10 pc stake in IDFC First Bank
Private equity major Warburg Pincus has sought fair trade regulator CCI’s approval to acquire 10 per cent stake in private sector lender IDFC First Bank. US-based Warburg Pincus through its arm Currant Sea...
Spain’s antitrust body clears BBVA-Sabadell takeover, awaits government
Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA, though the combined lender will have to accept several remedies in its retail banking...
Brazil’s BRB close to completing due diligence to acquire Banco Master
Brazilian state-run bank BRB has nearly completed its due diligence to acquire local lender Banco Master, with the final deal price expected to be confirmed at around 2 billion reais ($360 million), BRB CEO Paulo...
Erste in talks with Santander to buy 49% of its Polish unit
Austria’s Erste Group Bank is in discussions with Santander about buying a 49% stake in the Spanish bank’s Polish unit in a deal that could be worth more than $8 billion, the lenders said on Monday...
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market. Regional banks across the...
Columbia Banking to acquire Pacific Premier in a $2 billion deal
Columbia Banking System will acquire Pacific Premier Bancorp in an all-stock deal for about $2 billion, the companies said on Wednesday, adding to the growing consolidation in the industry amid market uncertainty. U.S...
LIC hikes its stake in Bank of Baroda to 7.05%
Insurance behemoth LIC on Monday said it has increased its stake in state-owned Bank of Baroda (BoB) by nearly 2 per cent to 7.05 per cent. The life insurance company has acquired additional 10.45 crore shares from open...
SK Capital-Backed Chemical Business Ascend Files Bankruptcy
Ascend Performance Materials Inc., a chemicals business backed by SK Capital Partners, has filed bankruptcy and said it intends to restructure with support from its lenders. Houston-based Ascend and its corporate...
Italy clears UniCredit’s bid for Banco BPM with prescriptions
Italy has cleared with conditions UniCredit’s takeover bid for rival Banco BPM, with sources saying a speedier exit from Russia is among demands set by Rome for the bank led by CEO Andrea Orcel. UniCredit’s...
Oman’s Sohar International signals merger intent with Ahli Bank
Oman’s Sohar International Bank said on Monday it plans to explore a merger with smaller rival Ahli Bank SAOG, in a potential deal that would create a lender with around 11.1 billion Omani rials ($28.84 billion)...
