ING Spain is close to finalising the purchase of a 40% stake in Singular Bank as part of its plans to enter the Spanish private banking sector, a person with knowledge of the matter said on Wednesday. The deal, first...
Banking
Kotak to buy Deutsche’s India retail, wealth business
Kotak Mahindra Bank and Deutsche Bank AG have entered into a definitive agreement under which Kotak will acquire Deutsche Bank’s retail banking, private banking and wealth management business in India, the two...
Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings, the promoter of Jana Small Finance Bank (JSFB), will be looking to lower its stake to just below 10% from the 17% ownership at present to meet its payment obligations to bondholders such as TPG Asia...
Deutsche Boerse seeks approval under EU subsidies rules for Allfunds deal
Deutsche Boerse has sought approval under EU subsidies rules for its record €5.35 billion ($6 billion) acquisition of Amsterdam-listed fund trading platform Allfunds, a European Commission filing shows. The...
Lloyds weighs bid for Aldermore as South Africa’s FirstRand seeks exit, Sky News reports
Lloyds Banking Group is exploring a potential takeover of Aldermore, the lender being sold by South Africa’s FirstRand amid a motor finance mis-selling scandal engulfing Britain’s banking sector, Sky News...
Emirates NBD completes acquisition of RBL Bank
Emirates NBD has successfully completed the acquisition of a majority stake in RBL Bank Limited through a primary infusion of about $2.75 billion (Rs 26,000 crore), the two entities announced on Thursday. The...
India is said to weigh another mega merger, hike in FDI limit for public sector banks
The Union finance ministry may ask a new banking reforms committee to consider proposals to merge 12 state-run lenders into five and raise their foreign investment cap to 49%, three people aware of the discussions said...
Centre to raise ₹13,000 cr via OFS in three state-run banks
The government plans to raise around ₹13,000 crore through an offer for sale in Punjab & Sind Bank, UCO Bank and Indian Overseas Bank to meet the minimum public shareholding norms prescribed by the Securities and...
Italy neutral on Monte Paschi, may sell its stake through share placement
The Italian government will take a neutral stance regarding merger and acquisition moves targeting bailed-out bank Monte dei Paschi di Siena (MPS), the economy minister told parliament on Thursday. Addressing lawmakers...
Intesa reassured Rome over Generali in talks on Monte Paschi bid, sources say
Intesa Sanpaolo has committed to consulting with Italy’s government over future decisions affecting insurer Generali, sources said on Monday, as part of assurances the bank offered Rome regarding its plan to...
Lyptus Punch-Card Fund buys stake in Capital Small Finance Bank
Capital Small Finance Bank share price will be in focus on Wednesday after a significant block deal in the stock. Oman India Joint Investment Fund II (OIJIF II), a private equity investment firm promoted by the...
Italy’s Intesa launches Monte dei Paschi takeover bid
Intesa Sanpaolo on Monday launched a bid to acquire all shares of Banca Monte Dei Paschi Di Siena (MPS), the company said. Intesa said its share-and-cash offer entailed a premium of 12.5% versus Monte dei...
