Japanese lenders Iyogin Holdings, the parent company of Iyo Bank, and Ehime Bank are in the final stages of discussing a merger, the Nikkei newspaper reported on Friday. The two firms are expected to announce a...
Banking
Portugal to use $875 million from Novo Banco sale to pay down debt
Portugal will use the net proceeds of 766.9 million euros ($875.11 million) from the sale of its stake in Novo Banco to France’s Groupe BPCE to pay down public debt, according to an order signed by the finance...
UK’s Metro Bank eyes $2.7 billion merger with Aldermore, Sky News reports
Britain’s Metro Bank is exploring a £2 billion ($2.7 billion) merger with rival lender Aldermore, which was put up for sale by South Africa’s FirstRand following the motor finance mis-selling scandal, Sky...
Axis Bank weighs raising stake in its insurance venture to 30%
Axis Bank is examining the possibilities of raising its stake in Axis Max Life Insurance beyond the current 19.99% to as much as 30%, potentially approaching the Reserve Bank of India (RBI) for regulatory approval...
IDBI employees’ forum opposes stake sale to Fairfax, seeks review
The United Forum of IDBI Officers & Employees expressed “profound concern” over the Centre’s reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank in favour of Fairfax...
German government not stopping UniCredit’s takeover of Commerzbank, Merz says
The German government is not stopping the merger or takeover of Commerzbank by UniCredit, but it does not approve of the way it is being done, Chancellor Friedrich Merz said on Wednesday. “We are not preventing...
Fairfax to acquire IDBI Bank stake in $5.5 billion deal, biggest foreign investment in Indian bank
The government has finalised Fairfax Holdings for the sale of its stake in IDBI Bank after the Canadian firm sweetened its offer, people aware of the development said. The decision was made Tuesday after meetings at the...
UniCredit nears control in Commerzbank after it secures 48% stake
UniCredit said on Wednesday it had secured 47.6 per cent of the shares of Commerzbank, leaving the Italian bank just short of control of the German lender it has been trying to buy since 2024. UniCredit chief executive...
ING close to buying 40% stake in Spain’s Singular, source says
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...
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...
