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...
IBBI extends deadline to file liquidation forms to December 31
The Insolvency and Bankruptcy Board of India (IBBI) on Monday extended the deadline for filing forms to monitor liquidations by a month to December 31. The extension follows a request by liquidators and Insolvency...
Italy denies report on decree to counter UniCredit’s takeover bid for BPM
The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit’s takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering this option. On Monday...
Standard Chartered mulls sale of wealth, retail operations in Africa
Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a...
CCI approves Kotak Mahindra Bank’s proposal to buy Standard Chartered’s ₹4,100 crore personal loan book
The Competition Commission of India (CCI) on Tuesday, November 26, approved private lender Kotak Mahindra Bank’s proposal to secure Standard Chartered Ltd’s personal loan book worth ₹4,100 crore. The CCI...
Commerzbank considers buying German rival to ward off UniCredit, sources say
Commerzbank is considering buying a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy’s UniCredit, three people with knowledge of the matter told Reuters. The plans are at an...
Japan’s biggest bank looking for acquisition targets in booming India
Mitsubishi UFJ Financial Group Inc. is bullish on India, where it’s actively looking for acquisition targets that will help boost its presence in the world’s most populous nation. The goal for Japan’s largest lender is...
Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say
Singapore’s biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest...
