PNC Financial Services’ banking unit said that it had bought a portfolio of capital commitments from Signature Bridge Bank worth $16.6 billion in an agreement with the Federal Deposit Insurance Corp as receiver...
Gazprombank buys Russia MEGA shopping centres from IKEA affiliated business
Gazprombank Group has bought 14 MEGA shopping centres in Russia from a unit of IKEA store operator Ingka Group for an undisclosed price, the companies said on Thursday, in the latest exit from Russian business by a...
HSBC to acquire Citigroup China consumer wealth business
HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based...
HDFC AMC gets RBI approval to acquire up to 9.5% stake in Karur Vysya Bank, DCB Bank
The Reserve Bank of India (RBI) has approved HDFC AMC to acquire up to 9.5% of Karur Vysya Bank’s share capital or voting rights, subject to conditions. “Pursuant to Regulation 30 of SEBI (Listing Obligations and...
SocGen open to sale of Equipment Finance unit in strategy review – sources
Societe Generale is open to a sale of its Equipment Finance business as the French bank’s new CEO Slawomir Krupa embarks on a broad strategic revamp, people familiar with the company told Reuters. The bank sees...
Rare Asset Reconstruction Company to acquire Chennai-based Rainbow Papers’ debt
Banks led by Indian Overseas Bank (IOB) have given the go-ahead to transfer the Rs 873 crore debt of Chennai-based Rainbow Papers to Rare Asset Reconstruction Company (Rare ARC) for Rs 160 crore or an 18% recovery, more...
Barclays explores sale of stake in $2.5 billion UK payments unit: Report
Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters. The...
Government invites bids for asset values for IDBI Bank disinvestment
The government has invited bids to engage an asset valuer for the strategic disinvestment of IDBI Bank. The government and the LIC are selling about 61% stake in IDBI Bank and multiple expressions of interest (EoI) for...
Infosys completes acquisition of Danske Bank’s IT centre in India
IT services company Infosys said it has completed the acquisition of Danske Bank’s IT centre in India. Danske Bank chose Infosys as a strategic partner to drive digital transformation initiatives with speed and...
JPMorgan increases stake in Brazilian digital bank C6 to 46%
JPMorgan Chase & Co has increased its stake in Brazilian digital bank C6 to 46% from 40%, the banks said in a statement on Tuesday, without disclosing the financial terms. The banks said C6 had expanded its number...
Thailand’s KBank in talks to buy Vietnam lender in up to $1 bln deal – sources
Thailand’s second-biggest lender Kasikornbank is in talks to buy consumer finance provider Home Credit Vietnam in a deal worth up to $1 billion that would further its push to expand in Vietnam, two sources said...
IDBI divestment unlikely this fiscal
The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, two people with direct knowledge of the matter said, posing a challenge to the Centre’s ability to meet the ₹51,000 crore...
